CFIN™ publishes analysis, commentary and research notes on emerging integrity issues in climate finance. Our insights focus on the systems that make climate finance credible: governance, accountability, risk management, safeguards, controls, financial integrity and institutional trust.
Preventing bribery, fraud, collusion, and embezzlement is essential. But a climate finance system can be free of proven corruption and still produce decisions, processes, and results that do not merit confidence.
Climate finance exists to solve an extraordinary problem. The resources deployed to address it, however, remain vulnerable to very ordinary forms of corruption.
A project can meet its targets, satisfy its reporting requirements, and still leave unanswered questions about whether public resources were allocated fairly, intended beneficiaries were reached, and reported results merit confidence.
The world is getting better at promising climate finance. The harder story begins where the pledge ends.