...performance, unforeseen developments, and competing priorities. At the same time, developing countries are seeking to replace or reform existing donor-dominated multilateral institutions, in favor of new structures that give them significant decision-making power over cost sharing, conditionality, and disbursement and use of funds. Developed countries, on the other hand, are rightly
unwilling to commit funds without mechanisms to ensure adequate financial controls and assurances of positive environmental outcomes. Although Mexico and Norway (among others) have very recently re-proposed a single global fund to collect and disperse all climate-related finance, such...