The consultation paper from the Blended Finance Taskforce, with support from the World Bank and the Transparency and Accountability Initiative, advocates for Green Accountability in climate finance. The paper syntheses insights and recommendations from expert interviews, analyses, and consultations with stakeholders. It emphasizes transparency, inclusivity, and representative decision-making throughout the lifecycle of climate finance commitments. It suggests embedding Green Accountability in the design and deployment of climate finance programs to achieve more efficient, equitable, and demand-driven outcomes. It estimates the economic, social, and environmental costs of not incorporating Green Accountability and proposes potential ways to adopt this approach across the climate finance ecosystem. Read more here.
Source: Global Partnership for Social Accountability