Building a Climate Resilient Economy and Society
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Building a Climate Resilient Economy and Society

Challenges and Opportunities

Edited by K. N. Ninan and Makoto Inoue

Climate change will have a profound impact on human and natural systems, and will also impede economic growth and sustainable development. In this book, leading experts from around the world discuss the challenges and opportunities in building a climate resilient economy and society. The chapters are organised in three sections. The first part explores vulnerability, adaptation and resilience, whilst Part II examines climate resilience-sectoral perspectives covering different sectors such as agriculture, fisheries, marine ecosystems, cities and urban infrastructure, drought prone areas, and renewable energy. In the final part, the authors look at Incentives, institutions and policy, including topics such as carbon pricing, REDD plus, climate finance, the role of institutions and communities, and climate policies. Combining a global focus with detailed case studies of a cross section of regions, countries and sectors, this book will prove to be an invaluable resource.
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Chapter 15: Democratising climate finance at local levels

Victor Orindi, Yazan Elhadi and Ced Hesse

Abstract

Giving favoured access to climate finance and clean technologies is critical to enabling developing countries to transit to a low carbon economy and society. Global climate finance to developing countries is set to rise with the establishment of the Green Climate Fund. To be effective, climate finance must reach and be prioritised by the communities that need it most and be used to fund solutions that work on the ground. To achieve this, mechanisms need to be put in place to channel the money from the national level to local communities in a way that is transparent, participatory and efficient. The institutional architecture of existing devolved or decentralised government provides a ready-made framework which offers good value for money and will be sustainable as finance flows increase in the future. The authors’ analysis of the Adaptation Consortium in Kenya indicates that devolved County Climate Change Funds are proving to be an effective mechanism to deliver climate finance in support of community-prioritised investments in public goods that build local resilience to climate change.

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