The Green Climate Fund (GCF) is the newest funding source to address climate change in developing countries. With $10 billion in pledges – and $5 billion committed to mitigation – the GCF is at a critical juncture because its Board is considering the rules and protocols it will follow when it pays for results. We believe the GCF can learn a lot from existing results-based aid agreements and the state of REDD+ finance (summarized in the forthcoming report of a CGD Working Group) which demonstrate the strengths and weaknesses of pay for results approaches.
CGD Policy Blogs
I participated in a conference in Oslo this week titled Energy for All. The subject of energy access is relatively new to me, except in the context of climate change where Arvind Subramanian and I have concluded that short of unprecedented technological breakthroughs in both energy efficiency and low-carbon generation to meet the needs of people currently lacking electricity, the planet is cooked.
I’m very grateful for the reports and reviews of Getting Better that have started to appear –especially given that most of them have been broadly positive. But one thing many reviewers have wondered: where’s the environment?