- Current climate finance transfers from developed to developing countries inadequate
- Mismatch between finance transfers from developed countries and finance needs of developing countries which raises equity concerns
- Equity implications of emerging financing mechanisms like Just Energy Transition Partnerships (JETPs) not clear
- JETPs need more transparency on source & terms of funding, share of responsibility between donors and recipients in governing the programs, and evaluation framework to measure progress
- Need to use Global Stocktake (GST) process to ensure equitable flow of climate finance from developed to developing countries
- Incorporate frameworks to assess climate finance flows on the basis of equity in the GST process
Despite increased climate finance efforts, current finance transfers are both inadequate and raise equity concerns. A new policy brief from ECSIS scholars — Anjali Sharma, Nur Firdaus, and Injy Johnstone — discusses using the Global Stocktake process to ensure an equitable flow of finance from developed to developing countries.