A bottom up look at climate finance

climate scorecardAmanda’s post on the outcomes of the recent Green Climate Fund board meeting gives us a constructively critical top-down take on climate finance in the run up to COP24, which will take place in Katowice, Poland fro December 2 – 14, 2018.  This week’s Global Report #8 by Climate Scoreboard provides another.  Innocuously titled “The Status of Climate Finance in Leading Greenhouse Gas Emitting Countries,” it is a crowd-sourced, bottom up, and critical account of where cli fi is and isn’t coming from that provides context for the GCF’s report on its own activities.

Climate Scorecard describes itself as “a participatory, transparent, and open data effort to engage all concerned citizens to support The Paris Agreement.” Its Global Reports are part of a “Spotlight Project” focused “on pressing the top 20+ greenhouse-gas emitting countries to meet the pledges they made in the Paris Agreement.” This campaign seeks to raise public awareness of these countries’ action and inaction on their pledges, to build national political will in each one that compels increased pledges before the Paris Agreement begins in 2020. Climate Scorecard is a collaboration of The Global Citizens’ Initiative (TGCI) and EarthAction, two non-profit organizations working on environmental protection and citizen engagement.

climate scorecard 2Here are a few highlights from Climate Scorecard’s report that counter balance the GCF Board report:

  • Brazil’s new forestry sector policies are putting its international cli fi at-risk (and this was BEFORE the country elected a new president yesterday who is a climate skeptic!).
  • China needs to find funds in its national budget to make good on its pledges to help other developing countries.
  • France and the UK, both large cli fi donors, have experienced a decrease in assistance.
  • Japan’s accredited global climate finance institutions do not adequately to disclose their fossil fuel industry ties.
  • Mexico needs better monitoring and accounting of cli fi received, while Thailand needs to devise a better plan to attract it.
  • Russia has provided support to former Soviet Union countries, but can do much more.

For more specifics, check out the detailed country reports.