Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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    We will mail you new results for this query: keywords==Climate finance
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Accountability mechanisms in international climate change financing
Basak, Rishi ; Werf, Edwin van der - \ 2019
International Environmental Agreements: Politics, Law and Economics 19 (2019)3. - ISSN 1567-9764 - p. 297 - 313.
Accountability - Civil society organisations - Climate finance - Green Climate Fund - Information asymmetry - Performance indicators - Principal–agent problem

This paper uses agency theory to analyse the incentives that a donor (principal) and recipient (agent) face as actors in an accountability regime for the financing of international climate change projects in developing countries. We address the following question: What accountability measures serve to align the incentives of the donor with those of the recipient in climate change financing? We focus on the relationship between the Green Climate Fund as a donor and one of its Accredited Entities as a recipient. We examine the consequences of misaligned incentives and asymmetric information, looking at a specific set of accountability measures, including performance indicators, penalties for poor performance, as well as the role of pressure exerted by civil society organisations (CSOs). We find that the use of imperfect performance indicators can reduce the risk of project failure if they are strongly correlated with adaptation and mitigation impacts. Penalties can have a positive impact on project outcomes, but impose risks upon the agent, which could lead him to refuse the contract for the implementation of the climate change project. The pressure of CSOs was found to have the potential to motivate donors and recipients to become more efficient and effective in their delivery of projects but could also lead to the donor choosing to finance lower-risk projects with fewer climate change benefits. We suggest that accountability requirements need to be carefully balanced with other objectives, including having a diverse set of entities willing to bid for the delivery of projects.

Climate financing needs in the land sector under the Paris Agreement: An assessment of developing country perspectives
Kissinger, Gabrielle ; Gupta, A. ; Mulder, I. ; Unterstell, Natalie - \ 2019
Land Use Policy 83 (2019). - ISSN 0264-8377 - p. 256 - 269.
Climate finance - climate change - Paris agreement - Nationally Determined Contributions - Land use - Land-use change and forestry - REDD+ - Developing countries
This paper explores the potential of climate finance to support developing country efforts to shift away from unsustainable land use patterns in the context of the 2015 Paris Climate Agreement. We pursue two research objectives here. Through a meta-analysis of 40 developing country Nationally Determined Contributions (NDCs), we provide, first, a comprehensive qualitative overview of developing country perspectives on climate financing needs for mitigation and adaptation activities in the land use, land-use change and forestry sectors (LULUCF).
Second, we examine whether countries acknowledge a role for domestic financing and international and domestic fiscal policy reform within these NDCs, as a way to address drivers of land use conversion. We supplement our meta-analysis of NDCs with a brief assessment of climate financing in two forest-rich countries, Brazil and Indonesia. Our analysis of NDCs reveals that only 14 of the 40 countries provide clear cost estimates for proposed climate-related forest activities, with most activities being conditional on provision of international climate finance. While some discuss domestic sources, few note the need for (international or national) fiscal policy reform to counteract direct and underlying drivers of land use conversion. The challenges inherent in doing so are also highlighted in our discussion of Brazil and Indonesia. Our findings suggest that, while much attention is directed to inadequate quantities of international climate finance, a lack of fiscal reform remains a key hurdle to realizing transformative change in the land use sector.
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