Social and environmental accountability of #climatefinance instruments http://ow.ly/RVX9I

The policy brief by Carbon Market Watch examines and compares existing accountability criteria and safeguards in different UNFCCC instruments (CDM, REDD+, NAMAs, GCF, AF) that have inter alia sustainable development objectives, looking in particular at sustainable development objectives, local stakeholder consultation rules, and available grievance mechanism procedures. Authors conclude that so far the Cancun mandate on the need for a human rights based approach has hardly been operationalised and enforced and indicate current negotiations as a crucial opportunity to enshrine the recognition for a human rights based approach in the Paris climate treaty.  The analysis highlights key recommendations to maximize sustainable development co-benefits and reduce the risks of the infringement of the rights of local communities by projects implemented under or financed by these instruments.

Read more on Carbon Market Watch webpage.