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 - Waqairagata
Date Deposited:	05 Jul 2019 04:24
Last Modified:	05 Jul 2019 04:24
URI:	https://repository.usp.ac.fj/id/eprint/11631

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