The Climate Finance Accountability Initiative or CFAI is a collaboration platform that provides an independent review of the climate finance flows for adaptation and mitigation initiatives for developing countries. The CFAI originated from the 2013 Adaptation Finance Accountability Initiative (AFAI), a climate finance tracking research led by the Overseas Development Institute (ODI), the World Resources Institute (WRI), and Oxfam America in partnership with civil society organizations in Zambia, Nepal, Uganda, and in the Philippines — of which the Institute for Climate and Sustainable Cities (ICSC) serves as the focal point.
Beyond its original function, the CFAI aims to develop assessments and policy recommendations on multilateral development banks, multilateral climate finance, and national development finance institutions, in support of the global call for reforms on the international climate finance architecture.
IMPORTANCE OF ACCOUNTABILITY IN
CLIMATE FINANCE
Climate finance represents a part of developed countries’ international public finance portfolio. It should be new and additional to the Official Development Assistance (ODA) provided and committed to developing countries (Colenbrander et al., 2022). For 2024, Parties are expected to agree on a new collective quantified goal (NCQG) on climate finance at the 29th Conference of Parties (COP) and ensure its links to implementing nationally determined contributions and national adaptation plans. The first Global Stocktake (GST) outcomes (2023) were very clear on the call for urgent scaling-up of finance – for more public, concessional resources from developed countries.
Recent Updates
Tracking Just Energy Transition (JET)-Related Projects in the Philippines: A Policy and Program Review of the Green Climate Fund (GCF) and the Global Environmental Facility (GEF)
ICSC at the Bonn Climate Change Conference – SB60
Reflections on the first Global Stocktake of the Paris Agreement
Climate-Resilient Development in Eastern Visayas
Philippine Power Outlook: Reviewing the Adequacy of Power Supply for April to June 2024
Revisiting the Experiences of E-Jeepney Adoption in Public Transport in the Philippines
The E-Jeepney Initiative of the Institute for Climate and Sustainable Cities
Enabling Policy and Governance Environment for E-Vehicle Adoption and Integration in Public Transport
The Economics of E-Jeepney Transport Operations
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