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Handbook of International Climate Finance
The 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.
More Information
Critical Acclaim
Contributors
Contents
More Information
The 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.
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.
Critical Acclaim
‘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
– 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
Contributors
Contributors include: Hanna-Mari Ahonen, Sam Barrett, Rishi Basak, Rishikesh Ram Bhandary, Barbara K. Buchner, Sonja Butzengeiger-Geyer, Philipp Censkowsky, Johanna Christensen, Sandra Dalfiume, Aglaja Espelage, Angela D. Falconer, Dominique Gangneux, Anja Carolin Gebel, Yannick Glemarec, Luis Gomez- Echeverri, Stephan Hoch, Aki Kachi, Sylvia Karlsson-Vinkhuyzen, Ruth Kassaye, Gaia Larsen, Axel Michaelowa, Katharina Michaelowa, Benito Müller, Faustin Munyazikwiye, Smita Nakhooda, Chandreyee Namhata, Maciej Nyka, Gareth Phillips, Matthias Poralla, Izabela Ratajczak-Juszko, Athena Ronquillo-Ballesteros, Anne-Kathrin Sacherer, Joachim Schnurr, Stefan Marco Schwager, Igor Shishlov, Lauren Sidner, Aayushi Singh, Martin Stadelmann, Joe Thwaites, Charlene Watson
Contents
Contents:
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
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
