New initiative promotes and supports transparency for climate change adaptation funding
December 13, 2012
The 'Adaptation Finance Accountability Initiative'
was recently introduced at the United Nations Climate Change conference as way to boost the financial accountability and transparency of climate finance adaptation programs. The Rockefeller Foundation supplied funding for the efforts, which will be carried out by the Overseas Development Institute, the World Resources Institute and Oxfam.
"While we need governments to scale up climate finance to help poor communities adapt to climate change this week in Doha, we also need innovative initiatives like the Adaptation Finance Accountability Initiative to make sure these funds are used in the most effective way," said David Waskow, Oxfam America climate change program director.
This work will help to ensure that resources are reaching the populations that need it most by tracking and monitoring the delivery of adaptation financing to vulnerable communities on a local level.
Organizations that are providing funds for multiple nonprofit programs to answer large-scale problems might find it easier to manage their efforts with fundraising management
programs that can transparently account for funds as they are disbursed to recipients.