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Climate Finance Policy Integrity (CFPI)

Increased transparency, accountability and integrity are needed to ensure the effectiveness of actions to mitigate and adapt to climate change. As the volume of climate finance is bound to increase, corruption risks remain serious in many countries galvanizing public support in therefore critical to address environmental, social and economic challenges brought on by global warming. While TI has provided three years of initial capacity support including TI’s work in promoting better policies, practices and systems, much more work needs to be done so that climate goals are achievable, increased resources are available and benefits become calculable.
TI’s project aims to ensure that corruption and corrupt behaviour cannot and do not undermine climate change mitigation ambition, effective and equitable allocation of climate finance and ultimately the delivery of climate projects and their intended adaptation and mitigation targets. This outcome is pursued by focused global and national advocacy, monitoring and capacity building actions aimed at policy and practice improvements for better transparency and accountability and for effective and fair responses when things go wrong.
At the national level, the project builds on country-level work in five countries: Bangladesh, Kenya, Maldives, Mexico and Peru and in three additional countries which will receive Green Climate Fund finance in 2016. Through country-led initiatives, the project aims to strengthen global and regional cooperation and partnerships of civil society actors engaged with adaptation, REDD+ and clean energy/technology policies and finance. In doing so, it aims to support improved networks or communities of practice in each climate thematic area with a view to achieving greater impact and sustainability of civil society.
At the global level, the project aims to focus on the governance policies and practices of the Green Climate Fund as they are shaped throughout 2015-2017. Secretariat staff will provide recommendations and advocate for best practices to be adopted by the Board and the Secretariat. Such policies include ethics and conflicts of interest, accountability, monitoring frameworks, accreditation, (enhanced) direct access, information disclosure, grievance and anti-corruption compliance mechanisms, and procurement. Regarding the latter, TI’s office in South Korea aims to be engaged in monitoring the procurement of the Green Climate Fund (GCF) secretariat as well as the procurement of gifts received by Board Members. In addition, TI will sustain its advocacy and monitoring of multilateral funds including the Adaptation fund, the Climate Investment Funds, the Global Environmental Facilities (GEF), Least Developed Countries Fund (LDCF)/ Special Climate Change Fund, FCPF and UN REDD. The work will promote best practices and urge for key fiduciary reforms. The work remains critical and important as the funds continue to receive and spend public climate money as the GCF take time to become operationalised, and because the same actors and institutions are likely to merge or coordinate with the GCF. Their policies and practices therefore remain critical even as their longevity may be volatile.
The project draws on the research, assessment, learning and monitoring products TI has developed through BMUB financing. It further leverages TI’s other main advocacy work on sustainable development, financial integrity and financing for development, which addresses similar issues of financial accountability and transparency.
Please follow the link forCFPI Brochure
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