Recommendations: Reforming the Climate Funds

This chapter presents the book’s key findings and overarching recommendations. Drawing from the comprehensive and comparative analysis of the policies and practices of the Climate Funds and other MDBs in previous chapters, it puts forward the necessary reforms for policymakers to consider in order to adequately promote participation, transparency, and accountability within each Fund. These recommendations are holistic in nature, addressing the intrinsic interplay among all sources of adverse effects. Ultimately, they strive to ensure that those who should benefit from the realization of SDG 13 are not the ones who end up paying the price of climate finance.