The Daily Star (Pakistan): Transparency International (TI) on Saturday urged the government of all countries to ensure transparency in utilising the climate fund that would be used to combat global climate change effects. In a report titled ‘Global Corruption Report: Climate Change’ that was launched globally from Bangladesh the TI pointed out corruption risks in the management of the climate fund.Huguette Labelle, Chairperson of Transparency International launched the report at a seminar titled ‘Global Climate Change: Governance and Corruption Risks and Options’ at the Brac Centre Inn at Mohakhali in the city. The report was based on analysis of research findings of more than 50 experts from 20 countries of the world.
Launching the report she said, “Climate change governance will face old corruption risks like policy capture, conflicts of interest, mismanagement of public resources or creative accounting. “However, new institutions and new funding creates new risks that require sound financial management, independent oversight bodies and access to information for the public.
“As governments prepare to spend up to 100 billion US dollars annually by 2020, we warn of the corruption risks of climate finance flowing through new untested channels and we therefore recommended strengthening governance systems to tackle them,” she said….
Photo by Eugene Pivovarov
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