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      The Green Climate Fund = Achieving Complementarity and Coherence among the UNFCCC Financial Institutions

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      https://www.riss.kr/link?id=A100228833

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      국문 초록 (Abstract) kakao i 다국어 번역

      녹색기후기금은 기후변화협상의 최대 성과로 평가되고 있지만 기후기금의 진정한 역할은 아직 구체화되지 않았다. 많은 쟁점들이 미해결 상태이며 기후재정협상을 지배했던 선진국과 개도국의 반목이 기후기금을 둘러싼 협상에서도 재현되고 있기 때문이다. 이러한 장애를 극복해야 하는 녹색기후기금의 전면적이고 탄탄한 운영과 기후변화 대응력은 여전히 불확실하다. 사실, 협상 참가자들은 녹색기후기금의 재원마련을 위한 목표에 대한 협의조차 없이 2014년 6월 재원동원을 위한 최초의 회의를 끝냈다. 기후변화기금과 그리고 더 포괄적인 의미에서 현재 분절화된 기후기금체계의 목표달성을 위해 중요한 것은 기후변화협약 하 설립된 다양한 기금들의 거버넌스와 운용실태를 이해하는 것 뿐 아니라 역사적으로 반복된 주요 논쟁을 심층적으로 분석하고 이해하는 것이다. 본 논문은 이러한 배경들을 종합하여 담고 있다. 본 논문이 만병통치약은 아니지만, 하나의 대안으로 재정상설위원회(Standing Committee)와 국가지정기관(Designated National Authorities)을 전략적으로 활용하는 하향식 또는 상향식 접근을 제안한다. 이를 통해 적어도 효율적이며 효과적인 기후재정의 방향성을 제시하고자 한다.
      번역하기

      녹색기후기금은 기후변화협상의 최대 성과로 평가되고 있지만 기후기금의 진정한 역할은 아직 구체화되지 않았다. 많은 쟁점들이 미해결 상태이며 기후재정협상을 지배했던 선진국과 개도...

      녹색기후기금은 기후변화협상의 최대 성과로 평가되고 있지만 기후기금의 진정한 역할은 아직 구체화되지 않았다. 많은 쟁점들이 미해결 상태이며 기후재정협상을 지배했던 선진국과 개도국의 반목이 기후기금을 둘러싼 협상에서도 재현되고 있기 때문이다. 이러한 장애를 극복해야 하는 녹색기후기금의 전면적이고 탄탄한 운영과 기후변화 대응력은 여전히 불확실하다. 사실, 협상 참가자들은 녹색기후기금의 재원마련을 위한 목표에 대한 협의조차 없이 2014년 6월 재원동원을 위한 최초의 회의를 끝냈다. 기후변화기금과 그리고 더 포괄적인 의미에서 현재 분절화된 기후기금체계의 목표달성을 위해 중요한 것은 기후변화협약 하 설립된 다양한 기금들의 거버넌스와 운용실태를 이해하는 것 뿐 아니라 역사적으로 반복된 주요 논쟁을 심층적으로 분석하고 이해하는 것이다. 본 논문은 이러한 배경들을 종합하여 담고 있다. 본 논문이 만병통치약은 아니지만, 하나의 대안으로 재정상설위원회(Standing Committee)와 국가지정기관(Designated National Authorities)을 전략적으로 활용하는 하향식 또는 상향식 접근을 제안한다. 이를 통해 적어도 효율적이며 효과적인 기후재정의 방향성을 제시하고자 한다.

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      다국어 초록 (Multilingual Abstract) kakao i 다국어 번역

      The Green Climate Fund has been heralded as a triumph of the climate change negotiations, but its true role in climate finance has yet to materialize. Significant questions remain unresolved and negotiations are mired in the same developed versus developing country controversies that have stymied other avenues of climate finance. With this legacy to overcome, the Green Climate Fund’s full and robust operationalization and impact on climate change is unclear. In fact, participants left an initial meeting to mobilize resources for the Green Climate Fund in June of 2014 without so much as agreement on a target for future resource mobilization. Critical to achieving the goals of the Green Climate Fund and the broader, now fragmented, climate finance regime is a deep understanding of historical and entrenched debates as well as the governance and mechanics of the various UNFCCC financial institutions, and this paper provides a synthesis of this backdrop. Although it does not offer a panacea-type solution, this paper does suggest that alternative top-down or bottom-up approaches strategically employing the Standing Committee on Finance or Designated National Authorities, respectively, may at least represent pathways toward efficient and effective climate finance.
      번역하기

      The Green Climate Fund has been heralded as a triumph of the climate change negotiations, but its true role in climate finance has yet to materialize. Significant questions remain unresolved and negotiations are mired in the same developed versus deve...

      The Green Climate Fund has been heralded as a triumph of the climate change negotiations, but its true role in climate finance has yet to materialize. Significant questions remain unresolved and negotiations are mired in the same developed versus developing country controversies that have stymied other avenues of climate finance. With this legacy to overcome, the Green Climate Fund’s full and robust operationalization and impact on climate change is unclear. In fact, participants left an initial meeting to mobilize resources for the Green Climate Fund in June of 2014 without so much as agreement on a target for future resource mobilization. Critical to achieving the goals of the Green Climate Fund and the broader, now fragmented, climate finance regime is a deep understanding of historical and entrenched debates as well as the governance and mechanics of the various UNFCCC financial institutions, and this paper provides a synthesis of this backdrop. Although it does not offer a panacea-type solution, this paper does suggest that alternative top-down or bottom-up approaches strategically employing the Standing Committee on Finance or Designated National Authorities, respectively, may at least represent pathways toward efficient and effective climate finance.

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      목차 (Table of Contents)

      • Ⅰ. Introduction
      • Ⅱ. Introduction to Other UNFCCC Financial Institutions
      • Ⅲ. The Green Climate Fund
      • Ⅳ. The Standing Committee on Finance
      • Ⅰ. Introduction
      • Ⅱ. Introduction to Other UNFCCC Financial Institutions
      • Ⅲ. The Green Climate Fund
      • Ⅳ. The Standing Committee on Finance
      • Ⅴ. An Overarching Approach to UNFCCC Finance
      • Ⅵ. Conclusion
      • REFERENCE LIST
      • <국문초록>
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      참고문헌 (Reference)

      1 Gomez-Echeverri & Müller, "describing intense political negotiations preceding the restructuring of the GEF but eventually the conversion of the GEF from an interim operating entity to an operating entity of the financial mechanism of the UNFCCC"

      2 UNFCCC, "Work programme on long-term finance" Decision 4/CP.18, FCCC/CP/2012/8/Add.1 (Dist. Feb. 28, 2013), 2013

      3 Annaka Peterson Carvalho, "Will the Green Climate Fund finally stop short-changing climate adaptation?" blog (Mar. 5, 2014), 2014

      4 Global Environment Facility, "What is the GEF, GEF History"

      5 Global Environment Facility, "What is the GEF"

      6 E3G, "What Was Decided at the Seventh Green Climate Fund Meeting and Where Does this Take Us?"

      7 "United Nations Framework Convention on Climate Change, opened for signature May 9, 1992, S. Treaty Doc. No. 102-38" 1771 U.N.T.S. 107 [hereinafter UNFCCC], 1992

      8 "UNFCCC: outcome of 6th meeting of Standing Committee on Finance"

      9 Daniel A. Bodansky, "The United Nations Framework Convention on Climate Change: A Commentary" Yale J. Int’l L 18 : 451 ~ 455, 1993

      10 Farhana Yamin, "The International Climate Change Regime: A Guide to Rules" Institutions and procedures : 256 ~ 266, 2004

      1 Gomez-Echeverri & Müller, "describing intense political negotiations preceding the restructuring of the GEF but eventually the conversion of the GEF from an interim operating entity to an operating entity of the financial mechanism of the UNFCCC"

      2 UNFCCC, "Work programme on long-term finance" Decision 4/CP.18, FCCC/CP/2012/8/Add.1 (Dist. Feb. 28, 2013), 2013

      3 Annaka Peterson Carvalho, "Will the Green Climate Fund finally stop short-changing climate adaptation?" blog (Mar. 5, 2014), 2014

      4 Global Environment Facility, "What is the GEF, GEF History"

      5 Global Environment Facility, "What is the GEF"

      6 E3G, "What Was Decided at the Seventh Green Climate Fund Meeting and Where Does this Take Us?"

      7 "United Nations Framework Convention on Climate Change, opened for signature May 9, 1992, S. Treaty Doc. No. 102-38" 1771 U.N.T.S. 107 [hereinafter UNFCCC], 1992

      8 "UNFCCC: outcome of 6th meeting of Standing Committee on Finance"

      9 Daniel A. Bodansky, "The United Nations Framework Convention on Climate Change: A Commentary" Yale J. Int’l L 18 : 451 ~ 455, 1993

      10 Farhana Yamin, "The International Climate Change Regime: A Guide to Rules" Institutions and procedures : 256 ~ 266, 2004

      11 Karen Orenstein, "The Green Climate Fund’s “No-Objection” Procedure and Private Finance: Lessons Learned from Existing Institutions"

      12 Clifford Polycarp, "The Green Climate Fund: From Inception to Launch"

      13 Luis Gomez-Echeverri, "The Financial Mechanism of the UNFCCC: A Brief History, 2"

      14 The World Bank Group, "The Economics of Adaptation to Climate Change 3"

      15 UNFCCC, "The Cancun Agreements: Outcomes of the work of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention" Decision 1/CP.16, ¶ 102 (Dist. Mar. 15, 2011), 2011

      16 Third World Network, "TWN Info Service on Climate Change, Green Climate Fund: Disagreement over Mobilizing Resources"

      17 "System for Allocation of Resources(STAR)"

      18 GEF, "System for Allocation of Resources"

      19 GEF Secretariat, "Summary of Negotiations: Fifth Replenishment of the GEF Trust Fund"

      20 UNFCCC, "Subsidiary Body for Implementation, Information on the Status of the Resources of the Adaptation Fund" FCCC/SBI/2013/INF.2, Annex (Apr. 23 2013), 2013

      21 Green Climate Fund, "Structure of the Fund, Including the Structure of the Private Sector Facility (Progress Report)" 2014

      22 UNFCCC, "Standing Committee on Finance, Report of the Standing Committee to the Conference of the Parties" 2012

      23 UNFCCC, "Standing Committee on Finance, Report of the Standing Committee on Finance to the Conference of the Parties" 2013

      24 GCF, "Special Climate Change Fund"

      25 Global Environment Facility, "Scientific and Technical Advisory Panel (STAP)"

      26 "Review of the Financial Mechanism" Decision 8/CP.18, FCCC/CP/2012/8/Add.1 (Dist. Feb. 28, 2013), 2013

      27 UNFCCC, "Review of the Financial Mechanism" Decision 3/CP.4, FCCC/CP/1998/16/Add.1, ¶ 1 (Dist. 1999), 1999

      28 UNFCCC, "Review of the Financial Mechanism" Decision 3/CP.4, FCCC/CP/1998/16/Add.1, ¶ 2 (Jan. 25, 1999), 1999

      29 GEF, "Resource Allocation Framework (RAF)"

      30 UNFCCC, "Report of the Standing Committee on Finance to the Conference of the Parties" 2013

      31 UNFCCC, "Report of the Standing Committee" Decision 5/CP.18, FCCC/CP/2012/8/Add.1, ¶ 9 (Dist. Feb. 2013), 2013

      32 UNFCCC, "Report of the Green Climate Fund to the Conference of the Parties and guidance to the Green Climate Fund" Decision 6/CP.18, FCCC/CP/2012/8/Add.1, ¶ 7(a) (Feb. 2013), 2013

      33 UNFCCC, "Report of the Green Climate Fund to the Conference of the Parties" FCCC/CP/2012/5, ¶ 2.2 (2012) 2, 2012

      34 Climate & Development Knowledge Network, "REPORT: Towards the Fifth Review of the UNFCCC’s Financial Mechanism"

      35 "Progress Report for the Least Developed Countries Fund and the Special Climate Change Fund" 2013

      36 Laura Druce, "Policy Brief: Key Messages on Direct Access to International Climate Funds from Participants of the NCFISP"

      37 Adaptation Fund, "Parties’ Designated Authorities"

      38 UNFCCC, "Outcome of the work of the Ad Hoc Working Group on Long-term Cooperative Action under the Convention" Decision 2/CP.17, FCCC/CP/2011/9/Add.1, ¶121 (Dist. March 2012), 2012

      39 UNFCCC, "Memorandum of Understanding between the Conference of the Parties and the Council of the Global Environment Facility" Decision 12/CP.2, Annex, FCCC/CP/1996/15/Add.1 (Oct. 29, 1996), 1996

      40 UNFCCC, "Meeting of the Parties to the Kyoto Protocol, Amendment to the Kyoto Protocol pursuant to its Article 3, paragraph 9 (the Doha Amendment)" Decision 1/CMP.8, FCCC/KP/CMP/2012/13/Add.1, ¶ 21 (Dist. 2013), 2013

      41 Green Climate Fund, "Meeting of the Board, Revised Draft Additional Procedure of the Board" GCF/B.01-13/02/Rev.01, Annex IX(I)-(II) (2013), 2013

      42 Green Climate Fund, "Meeting of the Board, Decisions of the Board―Fifth Meeting of the Board" GCF/B.05/23,

      43 Green Climate Fund, "Meeting of the Board" Decisions of the Board—Fifth Meeting of the Board, Decision B.05/17, 2013

      44 UNFCCC, "Launching the Green Climate Fund" Decision 3/CP.17, FCCC/CP/2011/9/Add.1, Annex, ¶¶ 33-34 (Dist. Mar. 15, 2012), 2012

      45 "Kyoto Protocol, Adaptation Fund" Decision 1/CMP.3, FCCC/KP/CMP/2007/9/Add.1 (Dist. 2008), 2008

      46 Sharif Bhuiyan, "International Law and Developing Countries: Essays in Honour of Kamal Hossain 134-35" 2014

      47 Green Climate Fund, "Initial Modalities for the Operation of the Fund’s Mitigation and Adaptation Windows and the Private Sector Facility" GCF/B.06/02, at 5 (Feb. 11, 2014), 2014

      48 UNFCCC, "Implementation of Article 4, paragraphs 8 and 9, of the Convention" Decision 5/CP.7, FCCC/CP/2001/13/Add.1, ¶ 11(a) (Dist. Jan. 21, 2002), 2002

      49 International Finance Corporation, "IFC Global Results"

      50 Smita Nakhooda, "Heinrich Boll Stiftung, Green Climate Fund, Climate Finance Fundamentals 11, 1"

      51 Third World Network, "Green Fund discusses country ownership and readiness support, blog"

      52 Alexander Sarac, "Green Climate Fund: Future of Renewables and Infrastructure Financing – from Political Decision to Implementation"

      53 "Green Climate Fund: A Background Briefing 2"

      54 Global Environment Facility, "Glossary of terms and descriptions Relating to the Accreditation of GEF Project Agencies"

      55 Instrument for the Establishment of the Restructured Global Environment Facility, "Global Environment Facility, Executive Directors’ Resolution No. 94-2" Preamble(a) (October 2011), 2011

      56 GEF Trust Fund, "GEF/A.4/7, 148"

      57 GEF, "GEF-Administered Trust Funds"

      58 GEF, "GEF-5 Initial Star Allocations"

      59 Lily Uy Hale, "GEF, How to Access GEF Trust Fund"

      60 GEF Council, "GEF Operational Strategy" GEF/C.6/3, ¶ 1.16, 1995

      61 GEF Counsel Meeting, "GEF Minimum Fiduciary Standards: Separation of Implementation and Execution Functions in GEF Partner Agencies" GEF/C.41/06/Rev.01, ¶ 1, note 1, 2011

      62 UNFCCC, "Funding under the Kyoto Protocol" Decision 10/CP.7, FCCC/CP/2001/13/Add.1, ¶ 11(a) (Dist. Jan. 21, 2002), 2002

      63 UNFCCC, "Funding Under the Convention" Decision 7/CP.7, FCCC/CP/2001/13/Add.1, ¶ 1(a) (Dist. 2001), 2001

      64 Benito Müller, "FEATURE: How will the Green Climate Fund allocate its money? All you wanted to know but were afraid to ask (Blog)"

      65 Berliner,Climate & Development Knowledge Network, "Enhancing Direct Access to the Green Climate Fund"

      66 United Nations Development Program, "Discussion Paper: Direct Access to Climate Finance: Experiences and Lessons Learned"

      67 Green Climate Fund, "Decisions of the Board – Fifth Meeting of the Board, 8 – 10 October 2013, GCF/B.05/23, 50-51" Nov. 8, 2013, 2013

      68 GCF, "Decisions of the Board" Sixth Meeting of the Board, 2014

      69 "Decision 1/CP.16, supra note 4, at Annex III, ¶ 1(c)"

      70 Climate Finance Advisory Service, "Daily Briefing 6th SCF Meeting"

      71 Oscar Reyes, "Critical Issues for Channeling Climate Finance via Private Sector Actors"

      72 Green Climate Fund, "Country Ownership, GCF/B.06/07" Feb. 11, 2014, 2014

      73 Jake Werksmen, "Consolidating Global Environmental Governance 3-4"

      74 UNFCCC, "Chronological evolution of the LDC work programme and introduction to the concept of NAPA"

      75 Yulia Yamineva, "Chapter 9: The New Framework for Climate Finance Under the United Nations Framework Convention on Climate Change: A Breakthrough or an Empty Promise?" IUS Gentium 21 : 191 ~ 200, 2013

      76 Green Climate Fund, "Business Model Framework: Private Sector Facility" GCF/B.04/07, ¶¶ 11-13 (June 12, 2013), 2013

      77 Green Climate Fund, "Business Model Framework: Access Modalities" GCF/B.04/05, ¶ (c) (June 11, 2013), 2013

      78 GEF, "Behind the Numbers: A Closer Look at GEF Achievements"

      79 Green Climate Fund, "Background"

      80 UNFCCC, "Assessment of funding to assist developing countries in fulfilling their commitments under the Convention" Decision 9/CP.10, FCCC/CP/2004/10/ Add.1, ¶ 1 (Apr. 19, 2005), 2005

      81 UNFCCC, "Arrangements between the Conference of the Parties and the Green Climate Fund" Decision 5/CP.19, FCCC/CP/2013/10/Add.1, Annex, ¶ 2–4 (Dist. 2014), 2014

      82 Global Environment Facility, "Areas of Work, GEF Establishes the Nagoya Protocol Implementation Fund"

      83 UNFCCC, "Annex to the Memorandum of Understanding on the determination of funding necessary and available for the implementation of the Convention" Decision 12/CP.3, FCCC/CP/1997/7/Add.1 (Mar. 25, 1998), 1998

      84 UNFCCC, "An overview of the mandates, as well as the progress of work under institutions, mechanisms and arrangements under the Convention" FCCC/ADP/2013/INF.2, ¶¶ 99, 102 (Dist. 2013) [hereinafter An overview of the mandates], 2013

      85 Vivid Economics, "African Development Bank, Operationalising the Green Climate Fund: Enabling African Access, 2"

      86 UNFCCC, "Adaptation Fund Board, Report of the 19th Meeting of the Adaptation Fund Board, AFB/B.19/6/Rev. 1, 2"

      87 GEF, "Accreditation of GEF Project Agencies"

      88 Bonizella Biagini, "Accessing Resources Under the Special Climate Change Fund"

      89 Bonizella Biagini, "Accessing Resources Under the Least Developed Countries Fund"

      90 Karen Orenstein, "A Struggle for the Soul of the GCF, blog"

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