<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,

This timely book traces the evolution of the Green Climate Fund (GCF) since its establishment in 2010. Ruth Adler investigates whether it has the legitimacy necessary to substantially contribute to the achievement of the objectives of the Paris Agreement, including limiting the increase in global average temperature to less than 2°C above pre-industrial levels.


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.

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Contents 1 Introduction: the Green Climate Fund and the climate finance challenge 2 The global climate finance regime and the decision to establish the Green Climate Fund 3 The concept of legitimacy 4 The negotiation of the Governing Instrument for the Green Climate Fund 5 Sources of legitimacy 6 Governance 7 Accountability 8 Mobilization of resources 9 Resource allocation 10 The performance of the Green Climate Fund’s portfolio 11 Conclusion Appendix 1 Appendix 2 Index
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Produktdetaljer

ISBN
9781035362035
Publisert
2026-02-24
Utgiver
Edward Elgar Publishing Ltd
Høyde
234 mm
Bredde
156 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
350

Forfatter

Biografisk notat

Ruth Adler, Adjunct Researcher, School of Law, University of Tasmania, Australia