Climate change is one of the greatest challenges facing the world today. Significant amounts of finance are
and will be required to enable governments around the globe to support adaptation and mitigation efforts.
There is growing interest among government, civil society, the private sector and international actors on how to mobilise finance, from both international and national sources, to address the climate crisis. Climate finance creates opportunities to mitigate the worst effects of climate change on poor and marginalised groups. Whether it will do so or not depends on the strength of public finance accountability ecosystems through which funds – both domestic and from international donors – are allocated and executed to deliver climate-adapted local development.
Read this report by International Budget Partnership which attempts to examine the current Climate Financed Accountability Ecosystem, based on projects in three countries: