Information for 10178IIED
Delivering real change: getting international climate finance to the local level
With the rapid ratification of the Paris Agreement, international climate funds will be important in scaling-up developing countries climate action. Evidence shows climate finance reaching the local level as part of a coherent approach to climate action – delivers effective, efficient and sustainable results that enhance the impact of each dollar disbursed. This working paper explores the flows of climate finance within the main international climate funds, to understand how effective they are in getting finance to the local level and what design features enable or prevent local financing. It distils lessons from development funds that are experienced in local financing. It concludes by highlighting the ways in which local climate financing can be enhanced – to further improve the effectiveness of aid.
IIED is exploring solutions to remove the barriers that stop climate finance reaching the people most vulnerable to climate change. The focus is on the value, blocks and solutions to community funds supporting climate action to clarify community rights to resources. The project will strengthen collaboration with these funds and between donors, financial intermediaries, fund aggregators and high- and low-tech innovators.
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Breaking down barriers to tenure-positive climate finance