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  • Type: Publication series
  • Date: 7/1/2014

Trialling Client-Focused Climate Finance in Ethiopia 

Climate change poses a huge threat to developing countries, particularly to poor and vulnerable communities. The past few years have seen a proliferation of international climate finance schemes to help communities cope with this threat while also combating its root causes, but this landscape is problematic.
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Many of the strict financial accountability mechanisms employed by climate finance schemes make it difficult, slow and sometimes prohibitively expensive for stakeholders in developing countries to access climate funds, despite the dynamism and potential of many of these applicants.

 

Rigorous financial accountability is necessary to keep donor funds safe. However, the end result is a dilemma: climate finance is often inaccessible to the stakeholders who need it most and could perhaps make the best use of it. This dilemma is widely recognised, and potential solutions are being explored that could prove fruitful in time (see Table 1).1 In the meantime, however, difficulties faced by stakeholders from developing countries remain...Read more