The Climate Finance Integrity Programme was piloted in 2011 by Transparency International in six countries, including the Maldives, to monitor the increasing climate related finance, the governance of raising and managing these funds and the governance of these funds within the selected countries. This report is the national report for the mapping assessment conducted for Maldives. The research has briefly looked at all government institutions that were active during the research phase, from 2011 to mid-2013, in the delivery and monitoring of climate change projects that were funded by the government or externally.

 

Read the full report here Assessment of Climate Finance in the Maldives


The Government of the Maldives is in the process of establishing Maldives Green Fund (MGF), under a Presidential Decree. Currently, the proposed legal forms for the Fund include either State Owned Enterprise coming under the Companies Act or a Trust Fund coming under Public Finance Act provision.

The MGF will handle climate finance on a range of sectors, including renewable energy, energy efficiency, water and waste management among others. Once established programmes such as Scaling Up of Renewable Energy in Low Income Countries Programme in the Maldives, projected to be worth USD139 million, will come under MGF.

This document outlines Transparency Maldives’ general comments and proposals on the documents establishing MGF.

 

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Maldives Green Fund: General Policy Brief


The Climate Finance Integrity Programme was piloted in 2011 by Transparency International in six

countries, including the Maldives, to monitor the increasing climate related finance, the governance

of raising and managing these funds and the governance of these funds within the selected

countries. This report is the national report for the mapping assessment conducted for Maldives.

The research has briefly looked at all government institutions that were active during the research

phase, from 2011 to mid-2013, in the delivery and monitoring of climate change projects that were

funded by the government or externally. Institutions are analysed briefly in terms of governance and

transparency aspects in relation to use of climate finance.

This report represents a summary of the research process and findings for the Maldives under five

sections: an introduction (which also sets out the definition of climate finance which guided the

research process), the research methodology, the visual map and a narrative of the key actors in the

map, conclusions and recommendations

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An Assessment of Climate Finance Governance in Maldives


Transparency International launched the Climate Finance Integrity Program (CFIP) in 2011, to promote transparency and accountability in the increasing volume of funds being allocated for climate change adaptation and mitigation. The countries involved in the Program work to assess the risks and find solutions to ensure that these funds are not lost due to corruption or embezzlement. This will contribute to more effective climate finance, which meets adaption and mitigation objectives and better achievement of related poverty reduction and development goals

The CFIP is funded by the German Ministry of Environment and is being implemented in Mexico, Kenya, Bangladesh, Papua New Guinea, Peru and the Maldives, administered by Transparency International. The first phase of the Program is expected to be completed by end of 2013.

 

The main activities of the Phase 1 of CFIP are:

  1. Develop a map of the climate finance coming into the country in order to capture the money flow and the relationships between the institutions that are handling climate money. Once developed this map will be available online for public viewing and will be updated to reflect changes (such as new institutions or new projects coming into Maldives).
  2. Identify institutions responsible for the largest share of climate finance, and carry out in-depth assessment of these key institutions. The assessment will look into the institutions anti corruption safeguards, transparency, accountability and capacity in handling the climate finance.
  3. Develop a national climate governance network to support the work done by the program and to discuss issues raise and solutions. This network will build on existing knowledge within other civil society groups, government offices and private institutions, individuals to complement the information gathered by chapters.
  4. Develop an e-learning course to enhance stakeholder awareness of climate change funds and global agreements, avenues of funding and to ensure more transparent and accountable use of climate funds.

 

If you wish to become involved, please send an email to office@transparencymaldives.org to become a network member or to clarify any queries.

 

If you wish to learn more about climate change funds and how the current projects are designed, sign-up for the e-learning course. The course will take approximately 3 hours and will introduce the relevant international discussions and ongoing climate change programs. The course content is designed to be non-technical.