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Postface: fragmentation, failing trust and enduring tensions over what counts as climate finance

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  • J. Timmons Roberts

    (Brown University)

  • Romain Weikmans

    (Université Libre de Bruxelles/Free University of Brussels)

Abstract

The Paris Agreement commits nations in Article 2(1) to “Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.” However there is an absence of internationally agreed accounting rules that would permit overall assessments of progress to this goal and any meaningful comparisons of performance between countries. This is true also for the quantitative Copenhagen/Cancún promise by developed nations to jointly mobilize US$100 billion by 2020. Our goal is to provoke discussion about the depth of the problems this lack of a functional definition and accounting system have created and perpetuated. We do so by describing the fragmented system of national reporting of climate finance and how the OECD’s Rio Marker system is serving neither contributors nor recipients. More than a trust issue between developed and developing countries, we argue that the lack of modalities to account for climate finance also considerably impedes the effective functioning of the bottom-up approach that now prevails under the UNFCCC. The deadline to propose "modalities of accounting climate finance" by 2018 is a crucial window in which to address this chronic issue in international climate policy.

Suggested Citation

  • J. Timmons Roberts & Romain Weikmans, 2017. "Postface: fragmentation, failing trust and enduring tensions over what counts as climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 129-137, February.
    • Handle: RePEc:spr:ieaple:v:17:y:2017:i:1:d:10.1007_s10784-016-9347-4
    DOI: 10.1007/s10784-016-9347-4
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    References listed on IDEAS

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    3. Jonathan Pickering & Carola Betzold & Jakob Skovgaard, 2017. "Special issue: managing fragmentation and complexity in the emerging system of international climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 1-16, February.
    4. Mariana Reis Maria & Rosangela Ballini & Roney Fraga Souza, 2023. "Evolution of Green Finance: A Bibliometric Analysis through Complex Networks and Machine Learning," Sustainability, MDPI, vol. 15(2), pages 1-23, January.
    5. Mizan Khan & Stacy-ann Robinson & Romain Weikmans & David Ciplet & J. Timmons Roberts, 2020. "Twenty-five years of adaptation finance through a climate justice lens," Climatic Change, Springer, vol. 161(2), pages 251-269, July.
    6. Bhatnagar, S. & Sharma, D., 2022. "Evolution of green finance and its enablers: A bibliometric analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    7. Md. Nazirul Islam Sarker & Yang Peng & Most. Nilufa Khatun & G. M. Monirul Alam & Roger C. Shouse & Md. Ruhul Amin, 2022. "Climate finance governance in hazard prone riverine islands in Bangladesh: pathway for promoting climate resilience," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 110(2), pages 1115-1132, January.
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    14. Daniel Yuichi Kono & Gabriella R. Montinola, 2019. "Foreign Aid and Climate Change Policy: What Can(’t) the Data Tell Us?," Politics and Governance, Cogitatio Press, vol. 7(2), pages 68-92.

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