THE MEXICO CLIMATE FINANCE INTEGRITY TALKS Talk 1: Corruption Risks in Climate Finance – An introduction Lisa Elges – Climate Finance Integrity Programme,

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Presentation transcript:

THE MEXICO CLIMATE FINANCE INTEGRITY TALKS Talk 1: Corruption Risks in Climate Finance – An introduction Lisa Elges – Climate Finance Integrity Programme, Leader

Contents  What we do and do not know about climate finance.  How climate finance works.  Safeguarding climate finance against corruption.  The performance of existing climate funds.

We know about the scale of the climate challenge

We know the volume of finance is huge and growing

We know that recipient countries face significant corruption challenges

What we did not know… Donor Countries Recipient Countries Multilateral Funds: e.g. Adaptation Fund Global Environmental Facility Funds Climate Investment Funds Green Climate Fund Banks, UN Agencies and National Actors such as the National Environmental Management Agency in Kenya Bilateral Funding

Safeguarding Climate Finance against corruption  What happens if corruption occurs within the funds?  What safeguards are in place to strengthen the fund’s ability to withstand corruption? Interim findings based on publicly available information on three of the funds – full reports to be published later in the summer

What is a climate fund? Secretariat Governing Body Trustee Implementing entities (Very) Simplified Fund Structure: World Bank World Bank, Asian Development Bank etc. UNDP UNEP National Institutions World Bank

The performance of the funds Global Accountability  Complaints Mechanisms Project Cycle Monitoring

Thank you