Abstract:
International support for adaptation to climate change has evolved into an intricate system of financial instruments, including four global funds: the GEF Trust Fund, the Least Developed Countries funding focused on the financial adequacy of these global funds, as well as on economic and ethical dimensions of the funds' technical adequacy, as reflected by their effectiveness and fairness. This paper assesses the funds; technical adequacy from a governance perspective, as revealed by their responsiveness to the needs of developing countries.