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Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?

Samuwai, Jale and Hills, Jeremy M. (2019) Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020? Pacific Journalism Review, 25 (1&2). pp. 158-172. ISSN 1023-9499

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    Abstract

    The establishment of the Green Climate Fund (GCF) has increased expectations and optimism among developing countries, especially those that are particularly vulnerable to climate change. The GCF aims to channel a significant portion of global funds for climate change response, with a goal of reaching US$100 billion per year by 2020. Its broad allocation policy increases the possibility that particularly vulnerable countries which have struggled to access international climate finance will continue to face such challenges. Adopting an equitable/fair principle of allocation, this article highlights a number of scenarios on the possible impact of the post-2020 climate financing environment on particularly vulnerable countries with a special focus on the Pacific Small Island Developing States (PSIDS). This study argues that PSIDS are extremely sensitive to GCF allocation mechanisms. While the study supports the notion of balanced allocation as currently advanced by the GCF, the precarious situation of PSIDS necessitates a re-think of how the GCF finance is to be allocated in the future.

    Item Type: Journal Article
    Subjects: H Social Sciences > H Social Sciences (General)
    Divisions: Pacific Centre for Environment and Sustainable Development (PACE-SD)
    Faculty of Science, Technology and Environment (FSTE) > Institute of Marine Resources
    Depositing User: Fulori Nainoca
    Date Deposited: 05 Jul 2019 16:24
    Last Modified: 05 Jul 2019 16:24
    URI: http://repository.usp.ac.fj/id/eprint/11631
    UNSPECIFIED

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