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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|

Greening social accountability for climate finance

Written by Louise Cord, Aly Rahim, Ann-Sofie Jespersen, and Michael Jarvis Global spending on climate change is nearing US$1 trillion annually. To optimize the benefit of these climate investments, transparency, equity, and inclusion must be at the heart of climate finance decision-making. We need green accountability – an approach recognizing that effectively addressing the climate crisis requires harnessing the insights and agency of those most affected by climate impacts. In developing countries where a sevenfold increase in climate finance is needed, green accountability calls for systemic ways for people to have a voice and role in climate decisions that most impact their [...]

2023-05-12T16:20:59+00:0012th May 2023|
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