Climate Funds: Time to Clean Up

Climate Funds: Time to Clean Up is a recent paper by Philippe Le Houerou, the Co-Chairman of the Eurasia Emerging Markets Forum and former CEO of IFC, with help from Ieva Vilkelyte, a Research Associate at Centennial Group International. The study examines the plethora of green-climate funds created over the last 30 years to finance climate-related projects and programs in Emerging Markets and Developing Economies (EMDEs). Despite global urgency in channeling more climate finance, the paper finds an urgent need to increase transparency, efficiency, and impact of existing funds.