15 November 2012
- RSIS
- Publication
- RSIS Publications
- NTS Alert (Nov 2012)
Abstract
Is the new Green Climate Fund (GCF) set to be yet another unwieldy addition to the climate finance web? While the form of the GCF, and its functions, has yet to be fully determined, it has been framed in negotiations as an umbrella mechanism for all climate funds. This NTS Alert argues that, as an overarching instrument, its promise lies in the possibility that it could help rationalise the overly complex climate finance architecture, and in the process tackle the critical problems seen in current funding arrangements.
Abstract
Is the new Green Climate Fund (GCF) set to be yet another unwieldy addition to the climate finance web? While the form of the GCF, and its functions, has yet to be fully determined, it has been framed in negotiations as an umbrella mechanism for all climate funds. This NTS Alert argues that, as an overarching instrument, its promise lies in the possibility that it could help rationalise the overly complex climate finance architecture, and in the process tackle the critical problems seen in current funding arrangements.