The need for a climate-resilient development-aligned framing of innovative climate finance

IF 6.6 2区环境科学与生态学 Q1 ENVIRONMENTAL SCIENCES Current Opinion in Environmental Sustainability Pub Date : 2024-01-05 DOI:10.1016/j.cosust.2023.101400

Jessica Omukuti

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Abstract

The increasing recognition of the importance of climate-resilient development (CRD) for developing countries is accompanied by a further recognition of the need for financial resources to meet the need for adaptation, mitigation and sustainable development in these countries. Innovative finance sources and mechanisms are therefore recommended as a solution for scaling up climate finance to meet CRD needs in developing countries. This review article examines the alignment between innovative climate finance and CRD. It argues that the operationalisation of innovative climate finance generates misalignments with CRD principles particularly relating to how the finance is sourced, governed and allocated. This fails to align with CRD principles of ensuring transformations and transitions, equity and justice and agency and empowerment. The review article proposes an expanded and CRD-aligned understanding of innovative climate finance that improves the governance of existing climate finance flows.

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创新性气候融资需要与气候抗御力发展相一致的框架

人们日益认识到具有气候抗御力的发展（CRD）对发展中国家的重要性，同时也进一步认识到这些国家需要资金来满足适应、减缓和可持续发展的需要。因此，建议将创新性资金来源和机制作为扩大气候融资的解决方案，以满足发展中国家的 CRD 需求。本评论文章探讨了创新性气候融资与 CRD 之间的协调问题。文章认为，创新性气候融资的运作与 CRD 原则不一致，特别是在资金来源、管理和分配方面。这不符合 CRD 确保转型和过渡、公平和正义以及机构和赋权的原则。本评论文章提出了对创新性气候融资的扩展和与 CRD 相一致的理解，以改善对现有气候资金流的管理。

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来源期刊

Current Opinion in Environmental Sustainability ENVIRONMENTAL SCIENCES-ENVIRONMENTAL SCIENCES

CiteScore

13.80

自引率

2.80%

发文量

审稿时长

6-12 weeks

期刊介绍： "Current Opinion in Environmental Sustainability (COSUST)" is a distinguished journal within Elsevier's esteemed scientific publishing portfolio, known for its dedication to high-quality, reproducible research. Launched in 2010, COSUST is a part of the Current Opinion and Research (CO+RE) suite, which is recognized for its editorial excellence and global impact. The journal specializes in peer-reviewed, concise, and timely short reviews that provide a synthesis of recent literature, emerging topics, innovations, and perspectives in the field of environmental sustainability.