CORRUPTION RISKS IN CLIMATE FINANCE

Climate finance is likely to be faced with increased corruption risks due to:

1. A lack of transparency and public disclosure in decision making processes

2. Policy capture and undue influence from interested parties

3. Conflict of interest

4. Creative accounting and reporting

5. Double counting of finances and emissions

6. Mismanagement of public resources

7. Embezzlement and misappropriation of funds

8. Lack of public participation and civil society engagement.