Monitoring Climate Funds

Monitoring climate funds

Proética found that a lack of order in the management of climate funds is a risk that could encourage corruption in projects aimed at combating climate change. Peru is a country highly vulnerable to this threat, therefore ensuring optimal monitoring of these funds is essential.

The funds and projects to combat climate change in Peru are numerous, but they are scattered and no information is collected centrally, so they cannot be tracked appropriately for monitoring correct use.
Peru is a country with great biodiversity in the world, which makes it amongst the most vulnerable to the threat of climate change. In response, various initiatives are implemented at all levels and sectors to adapt to, or mitigate the effects of climate change. For example, there is a National Strategy for Climate Change, which allows participation from all public entities undertaking projects in this field, but there is no entity that takes the lead on the side of enforcement . On the other hand, there are several external actors, multilateral, bilateral, public and private actors, that support the state in these efforts. Unfortunately, without any centralisation, the information is is not easily identifiable and traceable.

Audience: The main beneficiaries of the a mechanisms to identify and track climate funds would be environmental and anti-corruption activists and NGOs. The tools would also serve the public officials of different levels, particularly the Ministry of Environment, and the Ministry of Economy and Finance.

Additional information:

http://blog.transparency.org/2012/07/31/desde-las-montanas-de-cusco-una-llamada-a-la-transparencia/