Injecting Justice into Climate Finance: Can the Independent Redress Mechanism of the Green Climate Fund Help?

2016 Berlin Conference on Transformative Global Climate Governance “après Paris” Session: A New Institutional Landscape après Paris?, 24 May 2016

20 Pages Posted: 16 Jun 2016

See all articles by Vanessa Richard

Vanessa Richard

CERIC, Joint Research Unit DICE (no. 7318), CNRS/Aix-Marseille University

Date Written: May 18, 2016

Abstract

This paper endeavors to address the issue of global justice in climate finance from an angle which is generally overlooked – except as regards the REDD regime – that of the communities which bear the social and environmental adverse impacts of mitigation and adaptation projects financed by international climate funds. Although political attention has to date been mainly focused on the amount of funds raised, qualitative issues show the daunting task that lies ahead: without transparency of and accountability in climate finance, fragmented and “unmonitorable” climate finance implies the risk of duplicated efforts and ineffectiveness, and increases the social and environmental risks associated with the mitigation or adaptation projects. From a global justice point of view, fastening climate finance to other issues they trigger means inter alia that the financing of climate actions must be brought back into the wider context of sustainable development and good governance. Within the framework of the Green Climate Fund (GCF) an Independent Redress Mechanism is being created that will allow the people affected by the projects the GCF funds to hold the GCF accountable for having given the green lights to a project, either public or private, in violation with the GCF’s social and environmental safeguards. Through this example, this contribution offers to highlight what challenges still remain to be dealt with to re-integrate climate finance into the whole of the climate regime complex.

Keywords: climate finance, justice, accountability, green climate fund, independent redress mechanism, complaint

Suggested Citation

Richard, Vanessa, Injecting Justice into Climate Finance: Can the Independent Redress Mechanism of the Green Climate Fund Help? (May 18, 2016). 2016 Berlin Conference on Transformative Global Climate Governance “après Paris” Session: A New Institutional Landscape après Paris?, 24 May 2016 . Available at SSRN: https://ssrn.com/abstract=2796463 or http://dx.doi.org/10.2139/ssrn.2796463

Vanessa Richard (Contact Author)

CERIC, Joint Research Unit DICE (no. 7318), CNRS/Aix-Marseille University ( email )

CERIC (UMR 7318), Faculté de droit
3 avenue Robert Schuman
Aix-en-Provence cedex 1, - 13628
France

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