IDEAS home Printed from https://ideas.repec.org/p/wti/papers/747.html
   My bibliography  Save this paper

The Green Climate Fund: how attractive is it to donor countries?

Author

Listed:
  • de Sépibus, Joëlle

Abstract

Destined to channel a significant part of the US$ 100 billion pledge made by developed countries under the United Nations Framework Convention on Climate Change (UNFCC) the Green Climate Fund (GCF) has been set up with the ambition of becoming the main global fund in the area of climate finance. Although many pieces of the final puzzle are still missing the GCF is now ready to solicit funding. It is a fact that its institutional design has little in common with the very successful trust funds operating under the aegis of the World Bank. This paper explores the reasons that are at the centre of the massive growth in ‘multi-bi-financing’ and provides an overview of the most recent trends in ODA and climate finance. Based on this study, it analyses whether the GCF is an attractive institutional channel for donors. It concludes that many of the GCF’s design elements should be improved, notably with the view to enhancing value for money integrating actively civil society actors and leveraging effectively private capital.

Suggested Citation

  • de Sépibus, Joëlle, 2014. "The Green Climate Fund: how attractive is it to donor countries?," Papers 747, World Trade Institute.
    • Handle: RePEc:wti:papers:747
    as

    Download full text from publisher

    File URL: http://www.wti.org/media/filer_public/92/50/9250f4ef-36f2-414a-bbe6-d7e93c332703/the_green_climate_fund_2015.pdf
    File Function: First version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
    2. Vera Z. Eichenauer & Simon Hug, 2018. "The politics of special purpose trust funds," Economics and Politics, Wiley Blackwell, vol. 30(2), pages 211-255, July.
    3. Devi Sridhar & Ngaire Woods, 2013. "Trojan Multilateralism: Global Cooperation in Health," Global Policy, London School of Economics and Political Science, vol. 4(4), pages 325-335, November.
    4. Helen Milner & Dustin Tingley, 2013. "The choice for multilateralism: Foreign aid and American foreign policy," The Review of International Organizations, Springer, vol. 8(3), pages 313-341, September.
    Full references (including those not matched with items on IDEAS)

    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. Reinsberg,Bernhard Wilfried & Michaelowa,Katharina & Knack,Stephen, 2015. "Which donors, which funds ? the choice of multilateral funds by bilateral donors at the World Bank," Policy Research Working Paper Series 7441, The World Bank.
    2. A. Burcu Bayram & Erin R. Graham, 2017. "Financing the United Nations: Explaining variation in how donors provide funding to the UN," The Review of International Organizations, Springer, vol. 12(3), pages 421-459, September.
    3. Axel Dreher & Jenny Simon & Justin Valasek, 2021. "Optimal decision rules in multilateral aid funds," The Review of International Organizations, Springer, vol. 16(3), pages 689-719, July.
    4. Axel Dreher & Katharina Michaelowa, 2008. "The political economy of international organizations," The Review of International Organizations, Springer, vol. 3(4), pages 331-334, December.
    5. Bernhard REINSBERG, 2017. "The use of multi-bi aid by France in comparison with other donor countries," Working Paper 3c664604-b408-4a2c-bf46-5, Agence française de développement.
    6. Samuel Brazys & Krishna Chaitanya Vadlamannati & Tianyang Song, 2019. "Which Wheel Gets the Grease? Constituent Agency and Sub-national World Bank Aid Allocation," Working Papers 201907, Geary Institute, University College Dublin.
    7. Vera Z. Eichenauer & Simon Hug, 2018. "The politics of special purpose trust funds," Economics and Politics, Wiley Blackwell, vol. 30(2), pages 211-255, July.
    8. Weinlich, Silke & Baumann, Max-Otto & Lundsgaarde, Erik & Wolff, Peter, 2020. "Earmarking in the multilateral development system: Many shades of grey," IDOS Studies, German Institute of Development and Sustainability (IDOS), volume 101, number 101, March.
    9. Bernhard Reinsberg, 2017. "Organizational reform and the rise of trust funds: Lessons from the World Bank," The Review of International Organizations, Springer, vol. 12(2), pages 199-226, June.
    10. Bernhard Reinsberg, 2019. "Do countries use foreign aid to buy geopolitical influence?: Evidence from donor campaigns for temporary UN Security Council seats," WIDER Working Paper Series wp-2019-4, World Institute for Development Economic Research (UNU-WIDER).
    11. Katharina Michaelowa & Bernhard Reinsberg & Christina Schneider, 2017. "Multi-bi Aid in European Development Assistance: The Role of Capacity Constraints and Member State Politics," Development Policy Review, Overseas Development Institute, vol. 35(4), pages 513-530, July.
    12. Vera Z. Eichenauer & Bernhard Reinsberg, 2017. "What determines earmarked funding to international development organizations? Evidence from the new multi-bi aid data," The Review of International Organizations, Springer, vol. 12(2), pages 171-197, June.
    13. José Antonio Rodríguez Martín & Juan Dios Jiménez Aguilera & José Antonio Salinas Fernández & José María Martín Martín, 2016. "Millennium Development Goals 4 and 5: Progress in the Least Developed Countries of Asia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 129(2), pages 489-504, November.
    14. Craig Garthwaite & Tal Gross & Matthew J. Notowidigdo, 2014. "Public Health Insurance, Labor Supply, and Employment Lock," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 653-696.
    15. Tarek Roshdy Gebba & Mohamed Gamal Aboelmaged, 2016. "Corporate Governance of UAE Financial Institutions: A Comparative Study between Conventional and Islamic Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 6(5), pages 1-7.
    16. Nelson, Ewan & Warren, Peter, 2020. "UK transport decoupling: On track for clean growth in transport?," Transport Policy, Elsevier, vol. 90(C), pages 39-51.
    17. Antonio Bassanetti & Matteo Bugamelli & Sandro Momigliano & Roberto Sabbatini & Francesco Zollino, 2014. "The policy response to macroeconomic and fiscal imbalances in Italy in the last fifteen years," PSL Quarterly Review, Economia civile, vol. 67(268), pages 55-103.
    18. Joseph I. Uduji & Elda N. Okolo-Obasi & Simplice A. Asongu, 2019. "Responsible use of crop protection products and Nigeria's growth enhancement support scheme," Development in Practice, Taylor & Francis Journals, vol. 29(4), pages 448-463, May.
    19. Peter J. Rimmer, 2014. "Asian-Pacific Rim Logistics," Books, Edward Elgar Publishing, number 12949.
    20. Clarete, Ramon L. & Villamil, Isabela Rosario G., 2015. "Readiness of the Philippine Agriculture and Fisheries Sectors for the 2015 ASEAN Economic Community: A Rapid Appraisal," Research Paper Series DP 2015-43, Philippine Institute for Development Studies.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:wti:papers:747. 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: Morven McLean (email available below). General contact details of provider: https://edirc.repec.org/data/wtibech.html .

    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.