Written by a large, somewhat ad hoc consortium of NGOs as input into the deliberations of the UN High Level Advisory Group on Climate Finance (AGF), this paper is the most comprehensive civil society statement yet of how so-called “international” or “innovative” finance should properly work. It closely considers the necessary scale, the sources appropriate to, and the conditions necessary to the equitable and adequate operationalization of such finance. In this regard, it is the authoritative civil society statement, or at least it was, at the time of its publication.
Interestingly, this paper is evidence for the claim that the the “equity debate” is converging on a widely shared understanding. When equity frameworks enter into the analysis, only two, closely-related frameworks are considered relevant to the problem at hand in the negotiations. Unsurprisingly, they are the “climate debt framework” and Greenhouse Development Rights.