The Green Climate Fund needs to work out strategies to stop cash frittering away
“My country, the Maldives, is desperate to stop climate change – our islands will be the first to sink if the world keeps warming.
For that very reason, we are prime candidates for “climate finance” – one of the main sticking points in UN climate negotiations. This is money pledged by rich, carbon-producing countries to help countries like mine stave off rising seas and natural disasters. To get climate finance off the ground, the UN has created the Green Climate Fund. The aim is for the Fund to mobilise $100bn a year by 2020.
But when the Fund does begin to spend, a new danger arises: what if the money never reaches us? What if it vanishes to corruption? A legal case in the Maldives shows why we – and the Green Climate Fund – should be concerned. Put another way: we have been there before.
In December 2004, we watched as waves the height of ten-story buildings crashed against our shores and shattered thousands of people’s livelihoods. Some of our atolls were submerged for days. Almost 100 people died.
Years later, we discovered claims emerged that corrupt officials had embezzled $1.6 million US dollars from the tsunami relief effort.
The case was alleged to have implicated top officials in the government treasury, as well as in the National Disaster Management Centre. A report on the case was forwarded to the Prosecutor General’s Office for prosecution in 2012. There appears to have has been little progress in the case since and a number of those originally arrested were released.
Such delays are common in the Maldives. As details of the fraud allegations emerged ( a case of forged documents and imaginary construction supply orders, it is claimed), our Anti-Corruption Commission seemingly suspected a larger amount of money could be missing. Here too, it could take a while to follow the paper trail..
The Green Climate Fund, no doubt, is genuinely asking itself: how can we make sure funds reach those most in need? How safe will climate funds be – in the Maldives or other countries with weak governance? How can we uncover any suspected wrongdoings quickly – not seven or eight years later?
The Fund’s board met this week in Zambia. It is almost ready to invest and we have a good idea of how it plans to operate.
Our conclusion is that it can do much more to engage communities on the ground…”
Read the full article by our Executive Director, Mariyam Shiuna here on the Independent