Engaging Private Sector in Climate Finance: The Role of the Private Sector Facility of the Green Climate Fund

2015 ◽  
Author(s):  
Paloma Szerman
Keyword(s):  
Private Sector ◽  
Climate Finance ◽  
Green Climate Fund

scholarly journals Mobilizing private adaptation finance: lessons learned from the Green Climate Fund

2021 ◽  
Vol 167 (3-4) ◽  
Author(s):  
P. P. Stoll ◽  
W. P. Pauw ◽  
F. Tohme ◽  
C. Grüning
Keyword(s):  
Private Sector ◽  
Lessons Learned ◽  
Market Imperfections ◽  
Vulnerable Groups ◽  
Climate Finance ◽  
Efficient Manner ◽  
Green Climate Fund ◽  
Positive Externalities ◽  
Private Sector Engagement

AbstractThe mobilization of effective private sector engagement is considered to be critical to address the adaptation challenge, but literature demonstrates that it has proven difficult. In the context of international climate finance, the focus has been on mobilizing private finance for adaptation and in addressing barriers that prevent investments from materializing. In contrast, this article identifies options to engage the private sector in adaptation beyond finance and focuses on market imperfections instead of barriers. This moves the focus away from simply mobilizing more private adaptation finance towards identifying market forces that innovate, engage, and direct investments towards adaptation. The Green Climate Fund (GCF) and its portfolio of 74 adaptation projects serve as a case study. Two of these projects are categorized as private sector projects and an additional nine mobilize private co-finance or non-financial private contributions. Beyond these two indicators, we demonstrate that an additional 60 projects engage the private sector in other ways, thus indicating the important broader role of the private sector in adaptation. Furthermore, our ordinal regression demonstrates that by addressing the market imperfections of positive externalities, imperfect financial markets, and incomplete and/or asymmetric information, all have a significant positive effect on private sector engagement in the GCF’s adaptation portfolio. Both findings indicate that there is a large potential for the GCF—and other climate finance providers—to increase private sector engagement in adaptation. It must be noted, however, that the mobilization of private sector engagement in adaptation is a means to an end, not an end in itself. The main aim should be to adapt society as a whole in an efficient manner, including the most vulnerable groups and people.

scholarly journals Mobilising Private Adaptation Finance: Lessons Learned From the Green Climate Fund

2021 ◽  
Author(s):  
Farah Tohme
Keyword(s):  
Private Sector ◽  
Lessons Learned ◽  
Market Imperfections ◽  
Climate Finance ◽  
Efficient Manner ◽  
Green Climate Fund ◽  
Positive Externalities ◽  
Private Sector Engagement

Abstract The mobilisation of private sector engagement is considered to be critical to address the adaptation challenge, but literature demonstrates that it has proven difficult. In the context of international climate finance, the focus has been on mobilising private finance for adaptation, and in addressing barriers that prevent investments from materialising. In contrast, this article identifies options to engage the private sector in adaptation beyond finance and focuses on market imperfections instead of barriers. This moves the focus away from simply mobilising more private adaptation finance towards identifying market forces that innovate, engage and direct investments towards adaptation. The Green Climate Fund (GCF) and its portfolio of 67 adaptation projects serve as a case study. We demonstrate that 79 per cent of the GCF projects engage the private sector in ways that go beyond co-finance or project development, thus indicating the important broader role of the private sector in adaptation. Furthermore, our ordinal regression demonstrates that addressing the market imperfections of positive externalities, imperfect capital markets, and incomplete and/or asymmetric information all have a significant positive effect on private sector engagement in the GCF’s adaptation portfolio. Both findings indicate that there is a big potential for the GCF - and other climate finance providers - to increase private sector engagement in adaptation. However, the mobilisation of private sector engagement in adaptation is a means to this end, not an end in itself. The main aim should be to adapt society as a whole in an efficient manner, including the most vulnerable people.

scholarly journals Role of Intermediaries in Shaping Climate Finance in Developing Countries—Lessons from the Green Climate Fund

2020 ◽  
Vol 12 (14) ◽  
pp. 5507
Author(s):  
Abrar Chaudhury
Keyword(s):  
Developing Countries ◽  
Climate Finance ◽  
Social Scientists ◽  
Country Ownership ◽  
Mitigation And Adaptation ◽  
Green Climate Fund ◽  
Climate Action ◽  
Using Data ◽  
Set Up

Social scientists are increasingly interested in the processes that give shape to global policy solutions. I investigate the issues of intermediation and the role of intermediaries in climate finance. I use the case of the Green Climate Fund (GCF), a new consortium for dedicated funding set up under the United Nations Framework Convention on Climate Change (UNFCCC) to assist developing countries in responding to climate threats, to ask a fundamental question: What role do intermediaries (GCF-accredited and related entities) play in catalysing climate action through climate finance in these countries? This paper offers three propositions focused on the role of intermediaries in the GCF, and tests these using data from the GCF and the wider literature. The results show a growing dominance of international intermediaries in GCF project development and implementation, the low capacity of national intermediaries to conceive and scale projects, and the mismatch between planned and actual funding allocations. Collectively, these outcomes derail the GCF from its core objectives of promoting country ownership of projects, building capacity of local intermediaries, and equitable allocation of funding between mitigation and adaptation. I offer three learning models to help the GCF and intermediaries capitalise on the early lessons from GCF activities and to scale climate finance effectively in developing countries.

Accountability at the Green Climate Fund: Taking a Look at the Independent Redress Mechanism

2020 ◽  
Vol 50 (3) ◽  
pp. 165-170
Author(s):  
Siddhanth Prasad ◽  
Malvika Kaushik
Keyword(s):  
Developing Countries ◽  
Soft Power ◽  
Pivotal Role ◽  
Climate Finance ◽  
Green Climate Fund ◽  
Tools And Methods

Given the pivotal role of the Green Climate Fund (GCF) in climate finance and the importance of ensuring that it is accountable to its stakeholders, this analysis takes a look at the GCF’s recently created Independent Redress Mechanism (IRM) – a grievance redress mechanism that entertains complaints from people affected or potentially affected by a GCF project and from developing countries that have been denied funding by the GCF Board. The analysis provides an overview of the tools and methods that the IRM uses to hold the GCF to account and explores some of its procedural innovations. It argues that although the IRM lacks the power to issue binding decisions, it adequately makes up for this through the use of soft power.

The role of the private sector in education in Vietnam

1998 ◽  
Author(s):  
Paul Glewwe ◽  
Harry Anthony Patrinos
Keyword(s):  
Private Sector

De la gestión local a la gobernanza global: actores e interacciones multiniveles en la gestión del agua en la ciudad de México

2011 ◽  
Vol 1 (3) ◽  
pp. 34-66
Author(s):  
Joyce Valdovinos
Keyword(s):  
Private Sector ◽  
Water Governance ◽  
The State ◽  
Public Authorities ◽  
Service Contracts ◽  
Governance Model ◽  
Role Of The State ◽  
The One

The provision of water services has traditionally been considered a responsibility of the state. During the late 1980s, the private sector emerged as a key actor in the provision of public services. Mexico City was no exception to this trend and public authorities awarded service contracts to four private consortia in 1993. Through consideration of this case study, two main questions arise: First, why do public authorities establish partnerships with the private sector? Second, what are the implications of these partnerships for water governance? This article focuses, on the one hand, on the conceptual debate of water as a public and/or private good, while identifying new trends and strategies carried out by private operators. On the other hand, it analyzes the role of the state and its relationships with other actors through a governance model characterized by partnerships and multilevel networks.Spanish La provisión del servicio del agua ha sido tradicionalmente considerada como una responsabilidad del Estado. A finales de la década de 1980, el sector privado emerge como un actor clave en el suministro de servicios públicos. La ciudad de México no escapa a esta tendencia y en 1993 las autoridades públicas firman contratos de servicios con cuatro consorcios privados. A través de este estudio de caso, dos preguntas son planteadas: ¿Por qué las autoridades públicas establecen partenariados con el sector privado? ¿Cuáles son las implicaciones de dichos partenariados en la gobernanza del agua? Este artículo aborda por una parte, el debate conceptual del agua como bien público y/o privado, identificando nuevas tendencias y estrategias de los operadores privados. Por otra parte, se analizan el rol y las relaciones del Estado con otros actores a través de un modelo de gobernanza, definido en términos de partenariados y redes multi-niveles.French Les services de l'eau ont été traditionnellement considérés comme une responsabilité de l'État. À la fin des années 1980, le secteur privé est apparu comme un acteur clé dans la fourniture de certains services publics. La ville de Mexico n'a pas échappé à cette tendance et en 1993, les autorités publiques ont signé des contrats de services avec quatre consortiums privés. À travers cette étude de cas, nous nous interrogerons sur deux aspects : pourquoi les autorités publiques établissentelles des partenariats avec le secteur privé ? Quelles sont les implications de ces partenariats sur la gouvernance de l'eau ? Cet article s'intéresse, d'une part, au débat conceptuel sur l'eau en tant que bien public et/ou privé, en identifiant les tendances nouvelles et les stratégies menées par les opérateurs privés. D'autre part y sont analysés le rôle de l'État et ses relations avec d'autres acteurs à travers un modèle de gouvernance, défini en termes de partenariats, et des réseaux multi-niveaux.

RURAL TOURISM IN INDIA CHALLENGES AND OPPORTUNITIES

2018 ◽  
Vol 6 (26) ◽  
Author(s):  
Pankaj Sharma ◽  
Ravi Parkash
Keyword(s):  
Private Sector ◽  
Rural Areas ◽  
Economic Condition ◽  
Rural Tourism ◽  
Rural Location ◽  
Different Types ◽  
Challenges And Opportunities ◽  
Political Background ◽  
The Government

The paper analyze the role of rural tourism for the development of rural areas, The study analyzed how the different types of tourist product diversifications influence the development possibilities of studied rural areas in India. The government should sponsor private Sector to promote tourism in rural areas. For upgrading the rural tourism government requires to understand the rural location, demography, socio-culture, financial and political background of that area. How we can involve the rural citizens to improve their socio-economic condition. The objective of this paper is to present an update on rural tourism expansion and development in India. Rural tourism is rising in terms of number of visitors and the government of India should focus on it as an engine of growth

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