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Global Green Climate Finance: Challenges of Fragmentation and Complexity


Special issue call for papers from International Journal of Climate Change Strategies and Management

Guest editor

Dr Faris Alshubiri, Associate Professor in Finance, Dhofar University, Oman

E-mail: falshubiri@du.edu.om

 

Background

Climate finance plays a vital role in enabling developing countries to mitigate climate variability and fluctuations and adapt to their impacts (Biermann et, 2009).Climate financing also promotes the effectiveness and fairness of the global response to changes in climate. Global climate funding flow support efforts to mitigate and adapt to climate change in developing countries (Pittel and Rübbelke, 2013). United Nations (UN) also plays a prominent role in the sustainable development of the global climate, and new multilateral, bilateral and domestic climate funds have emerged as well as growing private sector investments in clean technologies (Pickering et al., 2015). However, effective action faces a number of challenges, as many of the needs of developing countries face many obstacles in supporting access to funding from a range of institutions and providing climate finance (Pauw et al., 2016). Climate financing is often seen as an integral part of the wider climate system, with funding commitments from developed to developing countries strengthening their mitigation commitments, and international institutions working together to regulate fragmented climate financing arrangements.(Grasso, 2010).

Climate finance is a system of sorts, it raises questions about what kind of system it is, why it evolved in the way it emerged, and what the effects of the system are? (Persson and Remling, 2014).
The UN has also played a role in setting up a green climate fund and many are looking to identify funding and control global climate financing. Which led to the need to design how sustainable financing is widely available; identify current sources of climate financing; how funding will be allocated to developing countries; and how funding will be provided effectively (Stadelmann et al.,2013). The climate financing system includes a wide range of institutions and actors, ranging from new bodies such as the Green Climate Fund and national climate funds in developing countries to existing institutions that have increased their funding for mitigation and adaptation. At the same time, the climate finance system shows a large degree of "fragmentation" - understood as a mix of institutions, customs and actors - a dynamic that is also found in broader climate management (Betzold and Weiler, 2017).

The question here is why the climate financing system is as fragmented and complex as it is? To some extent, fragmentation and complexity are common features not only in the broader climate system but also in international institutional arrangements in general, for reasons of the challenges of achieving cooperation among countries with diverse interests and the need for institutional division of labor in managing complex global problems. In addition, innovations Contemporary international institutionalization does not usually occur in an institutional vacuum but against a background of a network of arrangements for governance-related areas, thus forming through the subordination of the institutional path.

However, since the degrees of fragmentation may vary between the different components of the system (Haites, 2011).The arises is whether this is due to the general problem of global climate policy structure, or the structure of specific problems within the system, or other factors. The consequences of fragmentation and complexity can be understood descriptively or by evaluative (Zürn and Faude, 2013). From the descriptive point of view, what are the implications of fragmentation and complexity for the outputs and outcomes of the emerging climate financing system, including negotiating dynamics and flexibility? From an evaluation point of view, how can we assess the effects of fragmentation on values such as accountability, democratic legitimacy, effectiveness and equity? (Abadie et., 2013).

Schalatek (2012) mention at the international level, the idea of "fragmentation" embodies the idea of a mixture of different international institutions in terms of their nature (organizations, regulations and implicit rules) and their (public and private) spheres and their spatial (bilaterally to global) and subject (from specific policy areas to global concerns). (2) The reasons for its fragmentation and complexity; (3) the consequences of fragmentation and complexity of the system; and (4) how policy responses can improve the system or Components. The demarcation of the climate financing system is a challenge because of its interaction with other systems and the broader climate change management system such as technology transfer and capacity-building, as well as relevant regulations, particularly development assistance. In addition, funding for climate from multilateral commitments is a broader part of international and domestic private investment in clean technologies, resource generation, resource allocation and delivery, governance, control and adaptation to climate change.

A little research has so far provided theoretical perspectives on the broader climate financing system, with the exception of several analyzes of justice, accountability, power, democracy and effectiveness. This special issue aims to provide submissions insights into the dynamics of the global green climate finance system; we also seek to expand the conceptual framework of green climate finance in order to explore the relationship between international fragmentation and domestic politics. We welcome empirical studies, qualitative analysis, and critical theory development studies for this issue.
 
Topics for submissions include but are not limited to:
1.    Opportunities investment in creation global green climate finance.
2.    Challenges fragmentation in global green climate finance.
3.    Characteristics of global green climate finance.
4.    The integration between international fragmentation and domestic politics of global green climate finance.
5.    Nature and norms of global green climate finance.
6.    Effectiveness of global green climate finance.
7.    Governance of global green climate finance.
8.    Disbursement of global green climate finance.
9.    Sourcing of global green climate finance.

Submission guidelines

Manuscripts should be prepared following the normal guidelines for the journal, and may be submitted through the journal's online system: Scholar One Manuscript Central. Please ensure you check the “Global Green Climate Finance special issue" option when submitting your manuscript. 

Manuscript submission deadline: July 30, 2019

References:

1.    Abadie, L. M., Galarraga, I., & Rubbelke, D. (2013). An analysis of the causes of the mitigation bias in international climate finance. Mitigation and Adaptation Strategies for Global Change, 18(7), 943–955.
2.    Betzold, C. & Weiler, F. (2017). Allocation of aid for adaptation to climate change: Do vulnerable countries receive more support? International Environmental Agreements: Politics, Law and Economics. doi: 10.1007/s10784-016-9343-8.
3.    Biermann, F., Pattberg, P., von Asselt, H., & Zelli, F. (2009). The fragmentation of global governance architectures: A framework for analysis. Global Environmental Politics, 9(4), 14–40.
4.    Grasso, M. (2010). An ethical approach to climate adaptation finance. Global Environmental Change, 20(1), 74–81.
5.    Haites, E. (2011). Climate change finance. Climate Policy, 11(3), 963–969.
6.    Pauw, P., Klein, R. J. T., Vellinga, P., & Biermann, F. (2016). Private finance for adaptation: Do private realities meet public ambitions? Climatic Change, 134(4), 489–503.
7.    Persson, Å., & Remling, E. (2014). Equity and efficiency in adaptation finance: Initial experiences of the Adaptation Fund. Climate Policy, 14(4), 488–506.
8.     Pickering, J., Jotzo, F., & Wood, P. J. (2015). Sharing the global climate finance effort fairly with limited coordination. Global Environmental Politics, 15(4), 39–62.
9.    Pittel, K. & Rübbelke, D. (2013). International climate finance and its influence on fairness and policy. The World Economy, 36(4), 419–436.
10.    Schalatek, L. (2012). Democratizing climate finance governance and the public funding of climate action. Democratization, 19(5), 951–973.
11.    Stadelmann, M., Michaelowa, A., & Roberts, J. T. (2013). Difficulties in accounting for private finance in international climate policy. Climate Policy, 13(6), 718–737.
12.    Zürn, M., & Faude, B. (2013). Commentary: On fragmentation, differentiation, and coordination. Global Environmental Politics, 13(3), 119–130.