Information for 10199IIED
Money where it matters: designing funds for the frontier
With only US$1 in every US$10 committed from climate funds for local level climate action, climate finance is failing to get money where it matters. We need to reimagine the climate finance system. This paper investigates the flow of finance from primary donor to local actor and presents a new framework to get more finance to local institutions to tackle the drivers of poverty, resource degradation and climate change. It also sets out the ways in which primary donors, global funds and financial intermediaries can help make this reimagined climate finance system a reality.
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