Description
Book SynopsisThe concept of international climate finance channelled from developed to developing countries through public interventions for mitigation and adaptation has been developed over the last decade, but its roots date back to the early 1990s. Despite the high relevance of the topic in the international climate negotiations, illustrated by the (missed) target to mobilise USD 100 billion by 2020, there is no book that provides an overview accessible to academics and practitioners alike.
This comprehensive Handbook of International Climate Finance closes this gap, with contributions from expert researchers and practitioners involved in key climate finance institutions. Chapters assess past approaches to international climate finance, discuss the effectiveness of different channels for climate finance, debate challenges encountered and elucidate national strategies of donors and recipients. An important section elaborates perspectives for sources of international climate finance from multilateral channels, the private sector, and blending of finance including through international carbon markets. The Handbook further elaborates perspectives on ownership and accountability and the role of the private sector. Mapping out pathways for the future, it concludes by providing a vision for international climate finance after 2025.
This forward-thinking Handbook will be a critical resource for scholars and students with an interest in climate change and related policies and environmental politics, policy, and economics more broadly. It provides key input for international climate negotiators, climate activists and international climate finance institutions.
Trade Review‘Strategic investments are key for successful long term mitigation and adaptation policy. International climate finance is crucial to mobilize such investments in developing countries. The Handbook of International Climate Finance
clearly lays out what is known about the impact of transfers from North to South and what needs to be improved. Every climate policy practitioner should have read it!’ -- Michael Grubb, University College London, UK
‘As facilitator of the negotiations on the post-2025 new collective quantified goal for climate finance I welcome the Handbook of International Climate Finance
. It is an excellent input into the negotiations as it gives a clear overview of the history, current state, and possible future of international climate finance.’ -- Kishan Kumarsingh, Co-chair of the ad hoc work programme on the new collective quantified goal on climate finance, UNFCCC
‘Written by leading scholars and practitioners in the field, the Handbook of International Climate Finance
is an extremely useful resource for researchers and negotiators from the developing countries who are increasingly getting involved in sourcing and using climate finance to tackle both climate change as well as development.’ -- Saleemul Huq, Director, International Centre for Climate Change and Development, Bangladesh
Table of ContentsContents: Introduction to the Handbook of International Climate Finance: is climate finance a meteoric fashion or a stable pillar of the global response to anthropogenic climate change? 1 Axel Michaelowa and Anne-Kathrin Sacherer PART I BASIC CONCEPTS UNDERLYING CLIMATE FINANCE 1. Same but different? Understanding divergent definitions of and views on climate finance 16 Igor Shishlov and Philipp Censkowsky 2. Climate finance effectiveness: matching in-depth analysis with stakeholder dialogues 40 Angela D. Falconer and Barbara K. Buchner 3. Climate finance as development aid 62 Katharina Michaelowa and Chandreyee Namhata PART II LESSONS FROM INTERNATIONAL CLIMATE FINANCE TO DATE 4. Financial aspects of international legal regulations of climate change: between two concepts : the common concern of humankind and the common but differentiated responsibilities 84 Izabela Ratajczak-Juszko and Maciej Nyka 5. Lessons from Fast-Start Finance 104 Smita Nakhooda and Charlene Watson 6. The Green Climate Fund: history, status and legitimacy 135 Rishi Basak and Sylvia Karlsson-Vinkhuyzen 7. National climate funds 167 Luis Gomez-Echeverri 8. 20 years of adaptation finance: taking stock of origins, destinations and determinants of allocation 187 Sam Barrett 9. Experiences from the German International Climate Initiative (IKI) 213 Sonja Butzengeiger-Geyer, Johanna Christensen, Matthias Poralla, Aayushi Singh and Joachim Schnurr 10. The Rwandan approach to maximising benefits from international climate finance 242 Faustin Munyazikwiye and Axel Michaelowa PART III CONTRIBUTIONS TO AND ALLOCATION OF INTERNATIONAL CLIMATE FINANCE 11. Aligning finance flows with the Paris Agreement: the role of multilateral development banks 256 Anja Carolin Gebel, Aki Kachi and Lauren Sidner 12. Financing forest conservation and restoration through climate policy instruments : lessons from the CDM and REDD+ 293 Anne-Kathrin Sacherer, Stephan Hoch, Sandra Dalfiume and Ruth Kassaye 13. Allocating climate finance: a contributor’s view 318 Stefan Schwager 14. Enhanced Direct Access: the first decade 333 Benito Müller and Rishikesh Ram Bhandary 15. The role of carbon market mechanisms in climate finance 352 Aglaja Espelage, Hanna-Mari Ahonen and Axel Michaelowa PART IV THE FUTURE OF INTERNATIONAL CLIMATE FINANCE 16. The future of climate finance: balancing ownership and accountability 380 Joe Thwaites, Gaia Larsen and Athena Ronquillo-Ballesteros 17. The future of climate finance: multinational company participation under rising peer pressure 403 Martin Stadelmann and Dominique Gangneux 18. Mobilising climate finance for adaptation through the Adaptation Benefits Mechanism 420 Gareth Phillips 19. How to ensure that investment in new climate solutions is sufficient to avert catastrophic climate change 445 Yannick Glemarec PART V OUTLOOK 20. A vision for international climate finance after 2025 476 Axel Michaelowa Index 487
