04 May 2011 12:05:12
TI: Greater governance of climate change finance needed
Transparency International has called for governance of climate change financing to be increased to tackle the risk of corruption.
The body has published new research, entitled Global Corruption Report: Climate Change, which claims much of the money for combating climate change will be channelled into countries which rank poorly in its Corruption Perceptions Index.
It claims greater governance is needed to ensure clarity is maintained and the corruption risk is minimised as this significant funding is passed through "new untested channels", holding up Bangladesh as an example of good policy.
Huguette Labelle, chair of Transparency International, said: "The urgent need to respond to climate change needs to be enhanced by transparency and accountability. Oversight must be built into all climate-related initiatives from the start."
According to the Maplecroft Climate Change Vulnerability Index, the Bangladeshi population is most at risk of experiencing the adverse affects of climate change in the next 30 years, followed by those in India and Madagascar.
None of the 20 countries which were said to be in most need of funding ranked above 3.6 in the Corruption Perceptions Index, which operates on a scale of one to ten.