Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?

The establishment of the Green Climate Fund (GCF) has increased expectations and optimism amongst developing countries, especially those that are particularly vulnerable to climate change. The GCF aims to channel a significant portion of global funds for climate change response, with a goal of reac...

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Autores principales:	Jale Samuwai, Jeremy Maxwell Hills
Formato:	article
Lenguaje:	EN
Publicado:	Asia Pacific Network 2019
Materias:	climate change climate finance Green Climate Fund Pacific Small Island Developing States Communication. Mass media P87-96 Journalism. The periodical press, etc. PN4699-5650
Acceso en línea:	https://doaj.org/article/0e79db32afb7430dad370beebeb9f7d3
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spelling	oai:doaj.org-article:0e79db32afb7430dad370beebeb9f7d32021-12-02T12:05:44ZGazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?10.24135/pjr.v25i1.3931023-94992324-2035https://doaj.org/article/0e79db32afb7430dad370beebeb9f7d32019-07-01T00:00:00Zhttps://ojs.aut.ac.nz/pacific-journalism-review/article/view/393https://doaj.org/toc/1023-9499https://doaj.org/toc/2324-2035 The establishment of the Green Climate Fund (GCF) has increased expectations and optimism amongst developing countries, especially those that are particularly vulnerable to climate change. The GCF aims to channel a significant portion of global funds for climate change response, with a goal of reaching US$100 billion per year by 2020. Portrayed as a timely saviour to the climate finance needs of vulnerable countries, the allocation of GCF funds among countries will be key to low carbon and resilient futures. Its broad allocation policy increases the possibility that particularly vulnerable countries which have struggled to access international climate finance will continue to face such challenges. Adopting an equitable/fair principle of allocation, this article highlights a number of scenarios on the possible impact of the post-2020 climate financing environment on particularly vulnerable countries with a special focus on the Pacific Small Island Developing States (PSIDS). This study argues that PSIDS are extremely sensitive to GCF allocation mechanisms. While the study supports the notion of balanced allocation as currently advanced by the GCF, the precarious situation of PSIDS necessitates a re-think of how the GCF finance is to be allocated in the future. Jale SamuwaiJeremy Maxwell HillsAsia Pacific Networkarticleclimate changeclimate financeGreen Climate FundPacific Small Island Developing StatesCommunication. Mass mediaP87-96Journalism. The periodical press, etc.PN4699-5650ENPacific Journalism Review, Vol 25, Iss 1&2 (2019)
institution	DOAJ
collection	DOAJ
language	EN
topic	climate change climate finance Green Climate Fund Pacific Small Island Developing States Communication. Mass media P87-96 Journalism. The periodical press, etc. PN4699-5650
spellingShingle	climate change climate finance Green Climate Fund Pacific Small Island Developing States Communication. Mass media P87-96 Journalism. The periodical press, etc. PN4699-5650 Jale Samuwai Jeremy Maxwell Hills Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
description	The establishment of the Green Climate Fund (GCF) has increased expectations and optimism amongst developing countries, especially those that are particularly vulnerable to climate change. The GCF aims to channel a significant portion of global funds for climate change response, with a goal of reaching US$100 billion per year by 2020. Portrayed as a timely saviour to the climate finance needs of vulnerable countries, the allocation of GCF funds among countries will be key to low carbon and resilient futures. Its broad allocation policy increases the possibility that particularly vulnerable countries which have struggled to access international climate finance will continue to face such challenges. Adopting an equitable/fair principle of allocation, this article highlights a number of scenarios on the possible impact of the post-2020 climate financing environment on particularly vulnerable countries with a special focus on the Pacific Small Island Developing States (PSIDS). This study argues that PSIDS are extremely sensitive to GCF allocation mechanisms. While the study supports the notion of balanced allocation as currently advanced by the GCF, the precarious situation of PSIDS necessitates a re-think of how the GCF finance is to be allocated in the future.
format	article
author	Jale Samuwai Jeremy Maxwell Hills
author_facet	Jale Samuwai Jeremy Maxwell Hills
author_sort	Jale Samuwai
title	Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
title_short	Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
title_full	Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
title_fullStr	Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
title_full_unstemmed	Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?
title_sort	gazing over the horizon: will an equitable green climate fund allocation policy be significant for the pacific post-2020?
publisher	Asia Pacific Network
publishDate	2019
url	https://doaj.org/article/0e79db32afb7430dad370beebeb9f7d3
work_keys_str_mv	AT jalesamuwai gazingoverthehorizonwillanequitablegreenclimatefundallocationpolicybesignificantforthepacificpost2020 AT jeremymaxwellhills gazingoverthehorizonwillanequitablegreenclimatefundallocationpolicybesignificantforthepacificpost2020
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Gazing over the horizon: Will an equitable Green Climate Fund allocation policy be significant for the Pacific post-2020?

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