Title Equitable Allocation of Climate Adaptation Finance : Considering Income Levels Alongside Vulnerability / Patrícia Galvão Ferreira

Published Waterloo, ON, CA : Centre for International Governance Innovation, 2017

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Description 1 online resource (28 pages) Series CIGI Papers ; 152 CIGI Papers ; 152 Contents About the author -- About the International Law Research Program -- Acronyms and Abbreviations -- Executive summary -- Introduction -- Climate adaptation and adaptation finance : from periphery to centre stage -- The adaptation finance gap -- The UNFCCC Legal Framework to allocate adaptation finance -- The limits of vulnerability as equity criterion -- Income level as objective criterion to guide preferential allocation -- Recommendation Summary "The 2015 Paris Agreement elevates the goal of climate adaptation to the same level of importance as the goal of climate mitigation, and emphasizes the need to mobilize finance for climate adaptation in developing countries. As of February 2017, however, the financial gap for climate adaptation remained monumental. With the administration of US President Donald Trump threatening to interrupt American financial flows to the climate regime, developing countries are expressing growing concern about the ability of developed country parties to mobilize enough finance to meet the sizeable costs of their climate adaptation needs. In this context, the question of how to equitably allocate scarce adaptation finance among competing developing countries has gained renewed relevance. The operating entities serving the financial mechanism of the United Nations Framework Convention on Climate Change, such as the Global Environment Facility, the Adaptation Fund and the Green Climate Fund (GCF), have granted two groups of countries -- the small island developing states (SIDS) and the least developed countries (LDCs) -- priority access to adaptation resources. Adaptation funds do not clearly differentiate among developing countries beyond these two priority group categories. ... The current formula has proven insufficient to address important equity concerns in the allocation of adaptation finance among developing countries. This paper argues that the operating entities of the financial mechanism serving the Paris Agreement, especially the GCF, should incorporate an objective, income-based criterion based on gross national income per capita to complement the subjective criterion of vulnerability as primary guidance, ensuring a more equitable allocation of scarce climate adaptation finance to those countries with lower financial capabilities."-- From CIGI web site SUBJECT Paris Agreement under the United Nations Framework Convention on Climate Change (2016) Subject Investments -- Environmental aspects Environmental economics. Climate change mitigation -- Economic aspects Climate change mitigation -- Economic aspects -- Developing countries Climatic change mitigation -- International cooperation Environmental economics Investments -- Environmental aspects Climate change adaptation. Climate change mitigation. Climate finance. Economy. Global environment facility. Green climate fund. Human development index. Intergovernmental panel on climate change. Ipcc fifth assessment report. Kyoto protocol. Developing countries Form Electronic book Author Ferreira, Patrícia Galvão

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