<i>‘Central to tackling the climate crisis, particularly for those most vulnerable in developing countries, is the Green Climate Fund. Adler provides insight into how the GCF mobilizes and delivers climate financing in accordance with the Paris Agreement. Rigorously detailed, the book probes the Fund’s legitimacy to improve its effectiveness. A must read for climate, governance, and finance scholars.’</i>
- Susan Park, University of Sydney, Australia,
<i>‘Ruth Adler has written an incisive critique of the Green Climate Fund, demonstrating that it has serious failings that make it incapable of meeting the objectives of the Paris climate agreement. </i>Financing Climate Justice<i> is a “must read” for those working in the field of climate finance and international climate policy.’</i>
- Peter Lawrence, University of Tasmania, Australia,
Adler conducts a comprehensive study of the performance of the GCF, and addresses gaps in the existing scholarship to analyse the Fund’s effectiveness. Taking a deep dive into its portfolio, she determines whether the funded projects and programs have been effective, and if they have achieved outcomes consistent with the principles of justice and equity. Chapters draw on performance reporting and independent evaluations, as well as annual reports and financial information, which indicate implementation challenges and delays. Adler ultimately argues that the Fund’s legitimacy could be enhanced through reforms to its governance and contributions from a broader range of donors.
This book is a crucial read for scholars and students of climate change, environmental law and public international law. It is also beneficial for practitioners and policymakers in climate policy and finance, as well as NGOs, climate activists and investors in the field.