Nicholas Institute for Environmental Policy Solutions
Publisher
This analysis was developed for the Green Climate Fund (GCF) Board, which is considering modalities to enhance country ownership of climate change-related projects and programs—that is, to devolve certain operational funding decisions to accredited funding entities rather than require project approval by the governing board. This approach could allow the GCF to operate at scale but also could create tension between the GCF and these entities if their objectives—for example, with regard to national development—differ. This analysis uses seven case studies to illustrate current practices that could provide ideas and insights about how the GCF might design its own approach (or set of approaches) for a decentralized/devolved access modality.