Organizing Climate Finance in the Pacific

Abstract

The demand for climate finance by Pacific states to combat climate change is derived from their inability to finance adaptation and miti-gation projects from their own resources. However, climate finance is donor-driven and is entwined with development assistance, often using the same language, frameworks, and norms. The chapter begins by examining the global architecture of climate finance. The Pacific is a subset of this global architecture and operates under many of the same mechanisms and norms. The second part engages with the institutional framework for climate finance in the Pacific. The third part explores the normative implications of an emerging climate finance regime in the Pacific and the impact of a fragmented, diverse, and complicated regime in the region where it matters most of all. Keywords Climate finance • Aid dependency • Regional climate finance • Climate finance in the Pacific Financial flows to the Pacific targeted at mitigation and adaptation efforts are governed by norms, practices, and decisions primarily developed by donor nations. The first part of the chapter therefore examines the global architecture of climate finance. It documents the sources, delivery mechanisms , and institutional framework for climate finance. In the second part of the chapter attention is focused on the institutional framework for