IDEAS home Printed from https://ideas.repec.org/a/spr/climat/v142y2017i3d10.1007_s10584-017-1938-8.html
   My bibliography  Save this article

A case for further refinement of the Green Climate Fund’s 50:50 ratio climate change mitigation and adaptation allocation framework: toward a more targeted approach

Author

Listed:
  • Steven R. Brechin

    (Rutgers The State University of New Jersey)

  • Maria I. Espinoza

    (Rutgers The State University of New Jersey)

Abstract

Created in 2010 and made operational in 2015, the Green Climate Fund (GCF) is expected to become the main mechanism for transferring public and some private funds to non-Annex I countries to address climate change. It aims to achieve a 50:50 balance between adaptation and mitigation financing over time. While there is a diplomatic history leading to this arrangement, we argue the GCF’s allocation strategy requires further refinement if it is to adequately address climate change. We advocate prioritizing climate mitigation over adaptation in funding while not ignoring climate justice concerns all together. We recommend a more targeted approach to its funding allocations based upon the GHGs abatement potential for mitigation or climate vulnerability for adaptation of very specific non-Annex I countries. We believe these refinements will help to improve the efficiency and effectiveness of scarce climate change financing resources required to achieve the Intergovernmental Panel on Climate Change’s (IPCC) central objective of no more than 1.5 °C by 2100, which requires emissions reductions between 70 and 95% (2010 levels) by 2050.

Suggested Citation

  • Steven R. Brechin & Maria I. Espinoza, 2017. "A case for further refinement of the Green Climate Fund’s 50:50 ratio climate change mitigation and adaptation allocation framework: toward a more targeted approach," Climatic Change, Springer, vol. 142(3), pages 311-320, June.
    • Handle: RePEc:spr:climat:v:142:y:2017:i:3:d:10.1007_s10584-017-1938-8
    DOI: 10.1007/s10584-017-1938-8
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10584-017-1938-8
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10584-017-1938-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," RFF Working Paper Series dp-00-22, Resources for the Future.
    2. Pauw, Pieter & Brandi, Clara & Richerzhagen, Carmen & Bauer, Steffen & Schmole, Hanna, 2014. "Different perspectives on differentiated responsibilities: a state-of-the-art review of the notion of common but differentiated responsibilities in international negotiations," IDOS Discussion Papers 6/2014, German Institute of Development and Sustainability (IDOS).
    3. David Ciplet & J. Timmons Roberts & Mizan Khan, 2013. "The Politics of International Climate Adaptation Funding: Justice and Divisions in the Greenhouse," Global Environmental Politics, MIT Press, vol. 13(1), pages 49-68, February.
    4. Pagiola, Stefano & Bosquet, Benoit, 2009. "Estimating the costs of REDD at the country level," MPRA Paper 13726, University Library of Munich, Germany.
    5. Axel Michaelowa & Katharina Michaelowa, 2015. "Do rapidly developing countries take up new responsibilities for climate change mitigation?," Climatic Change, Springer, vol. 133(3), pages 499-510, December.
    6. Sally Kane & Jason Shogren, 2000. "Linking Adaptation and Mitigation in Climate Change Policy," Climatic Change, Springer, vol. 45(1), pages 75-102, April.
    7. Louisa S Evans & Christina C Hicks & W Neil Adger & Jon Barnett & Allison L Perry & Pedro Fidelman & Renae Tobin, 2016. "Structural and Psycho-Social Limits to Climate Change Adaptation in the Great Barrier Reef Region," PLOS ONE, Public Library of Science, vol. 11(3), pages 1-17, March.
    8. Patrick GUILLAUMONT, 2015. "Measuring vulnerability to climate change for allocating funds for adaptation," Working Papers P136, FERDI.
    9. Benjamin L. Preston & Kirstin Dow & Frans Berkhout, 2013. "The Climate Adaptation Frontier," Sustainability, MDPI, vol. 5(3), pages 1-25, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhanna A. Mingaleva, 2020. "Institutional Features of International Financing for Climate Change Adaptation Programs," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 10-25, August.
    2. Liu, Yang & Dong, Kangyin & Nepal, Rabindra, 2024. "How does climate vulnerability affect the just allocation of climate aid funds?," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 298-317.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Anton Bondarev & Beat Hintermann & Frank C. Krysiak & Ralph Winkler, 2017. "The Intricacy of Adapting to Climate Change: Flood Protection as a Local Public Goods Game," CESifo Working Paper Series 6382, CESifo.
    2. Seraina Buob & Gunter Stephan, 2008. "Global Climate Change and the Funding of Adaptation," Diskussionsschriften dp0804, Universitaet Bern, Departement Volkswirtschaft.
    3. Louis-Gaëtan Giraudet & Céline Guivarch, 2016. "Global warming as an asymmetric public bad," Working Papers 2016.26, FAERE - French Association of Environmental and Resource Economists.
    4. Johanna Etner & Meglena Jeleva & Natacha Raffin, 2021. "Climate policy: How to deal with ambiguity?," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(1), pages 263-301, July.
    5. Michèle Breton & Lucia Sbragia, 2017. "Adaptation to Climate Change: Commitment and Timing Issues," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(4), pages 975-995, December.
    6. Hiroaki Sakamoto & Masako Ikefuji & Jan R. Magnus, 2020. "Adaptation for Mitigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 457-484, March.
    7. Jason F. Shogren, 2002. "Micromotives in Global Environmental Policy," Interfaces, INFORMS, vol. 32(5), pages 47-61, October.
    8. Gren, Ing-Marie, 2008. "Adaptation and mitigation strategies for controlling stochastic water pollution: An application to the Baltic Sea," Ecological Economics, Elsevier, vol. 66(2-3), pages 337-347, June.
    9. Buob, Seraina & Stephan, Gunter, 2011. "To mitigate or to adapt: How to confront global climate change," European Journal of Political Economy, Elsevier, vol. 27(1), pages 1-16, March.
    10. repec:old:wpaper:332 is not listed on IDEAS
    11. Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2016. "Development Aid and Climate Finance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(2), pages 429-450, February.
    12. Ingmar Schumacher, 2019. "Climate Policy Must Favour Mitigation Over Adaptation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(4), pages 1519-1531, December.
    13. Udo Ebert & Heinz Welsch, 2011. "Optimal response functions in global pollution problems can be upward-sloping: accounting for adaptation," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 13(2), pages 129-138, June.
    14. Emmerling, Johannes & Tavoni, Massimo, 2013. "Geoengineering and Abatement: A “flat” Relationship under Uncertainty," Climate Change and Sustainable Development 148917, Fondazione Eni Enrico Mattei (FEEM).
    15. Rybicki, Jakub, 2017. "The Influence of Migration on Adaptation and Mitigation - a Political Economy Approach," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168190, Verein für Socialpolitik / German Economic Association.
    16. Heike Auerswald & Kai A. Konrad & Marcel Thum, 2018. "Adaptation, mitigation and risk-taking in climate policy," Journal of Economics, Springer, vol. 124(3), pages 269-287, July.
    17. McHenry, Mark P., 2012. "Are small-scale grid-connected photovoltaic systems a cost-effective policy for lowering electricity bills and reducing carbon emissions? A technical, economic, and carbon emission analysis," Energy Policy, Elsevier, vol. 45(C), pages 64-72.
    18. Berry, Kevin & Finnoff, David, 2016. "Choosing between adaptation and prevention with an increasing probability of a pandemic," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 177-192.
    19. Roger Jones & Paul Dettmann & Geoff Park & Maureen Rogers & Terry White, 2007. "The relationship between adaptation and mitigation in managing climate change risks: a regional response from North Central Victoria, Australia," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 12(5), pages 685-712, June.
    20. Ram Ranjan & Jason F. Shogren, 2009. "Dynamic Endogenous Risks & Non-Expected Utility Behavior," Korean Economic Review, Korean Economic Association, vol. 25, pages 215-240.
    21. Thierry Bréchet & Natali Hritonenko & Yuri Yatsenko, 2013. "Adaptation and Mitigation in Long-term Climate Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(2), pages 217-243, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:climat:v:142:y:2017:i:3:d:10.1007_s10584-017-1938-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.