fbpx

Collective CSO action critical for climate justice

Increased climate funding requires a focus on existing governance challenges resulting from a fragmented and opaque climate finance architecture. Growing evidence shows climate finance does not reach communities most impacted by climate change. When projects make their way to the communities, they do not include local voices in decision-making processes.  Civil society has been a critical player advocating for the most vulnerable communities and has been instrumental in driving local, regional, and global climate action. Despite setbacks and slow response from governments, it has been able to rally around common agendas demanding an end to fossil fuel, debt relief to [...]

2024-04-19T16:32:32+00:005th March 2024|

Five reforms to strengthen World Bank engagement

The urgency for global climate action has prompted World Bank management to rethink the Bank's mission, vision, operations, and financing through the Evolution Roadmap. Following a public consultation that ended in July, the Bank has hosted regional consultations to inform stakeholders and gather their feedback. Despite the global scale of the climate crisis and the need to co-create solutions at the community level, the Evolution Roadmap, in its current form, does not identify citizen engagement and social accountability (CESA) as a significant pillar to deliver its ambitious goals. Much of the current focus has been on mobilizing finances to increase [...]

2023-08-21T10:31:01+00:0017th August 2023|

Why climate finance needs greater transparency and accountability

We face an existential poly-crisis related to energy, debt, food, climate, health, and security. Collective action is needed to address these challenges and to build global support for the green accountability agenda. The role of international financial institutions (IFIs) like the World Bank and the International Monetary Fund (IMF) is critical to promoting transparency in climate finance and addressing the inherent corruption risks. But the quantity of their funding is just one element of this- the quality of that funding is equally as important but is largely missing from policy debates around these issues.  Progress Multinational Development Banks (MDBs) have [...]

2023-08-14T12:10:39+00:001st August 2023|
Privacy Policy
Go to Top