27 May 2013
NTS Insight (May 2013) | Financing Climate Adaptation in the Asia-Pacific: Avoiding Flawed Aid Paradigms
Abstract
The Asia-Pacific is highly vulnerable to the intertwined physical and social impacts of climate change, and effective adaptation measures are a regional imperative. Such climate adaptation plans are predicated in part on external assistance that is actuated through financial mechanisms. What is less clear is how these mechanisms actually operate, what problems they foment and what pitfalls need to avoided in future policies. In the course of addressing these points, this NTS Insight warns of a potential ‘climate finance curse’ akin to the ‘aid curse’ described in broader development literature, and identifies pathways for avoiding such risks.
Abstract
The Asia-Pacific is highly vulnerable to the intertwined physical and social impacts of climate change, and effective adaptation measures are a regional imperative. Such climate adaptation plans are predicated in part on external assistance that is actuated through financial mechanisms. What is less clear is how these mechanisms actually operate, what problems they foment and what pitfalls need to avoided in future policies. In the course of addressing these points, this NTS Insight warns of a potential ‘climate finance curse’ akin to the ‘aid curse’ described in broader development literature, and identifies pathways for avoiding such risks.
