The Green Climate Fund in the post-Paris Agreement era: an analysis of multiple decision centres from a polycentric-governance perspective
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Abstract
The Green Climate Fund (GCF) emerged as a central mechanism for delivering climate finance in the post-Paris Agreement era. The GCF operates as a polycentric institution characterised by multiple overlapping centres of authority and decision-making. This study examines the GCF’s governance structure, focusing on its polycentric nature and the interplay among its multiple centres of authority, using an actor focus. This research aims to assess the extent to which the GCF embodies the characteristics of polycentric governance’s actor focus across multiple decision centres. Previous studies have not analysed models with multiple centres of authority in detail. This study clarifies the number and diversity of actors and authorities, linkages between actors and authorities, and differing levels of authority within a governance system. The findings demonstrate that the GCF has involved multiple actors from multiple authority and decision-making centres. This study contributes to the scholarly understanding of polycentric governance systems in climate-finance institutions.
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References
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