Transparency International officially inaugurated the report, first of its kind to comprehensively explore major climate-related corruption risks, in April of this year at Dhaka, Bangladesh.
International watchdogs identify that improper or poor governance paves the way to corruption especially in the area of climate change governance, as huge amounts of money flow through new and untested financial markets and mechanisms.
The Global Corruption Report: Climate Change focuses on this issue along with making climate governance work, strategies for reducing carbon emissions, building effective adaptation to climate change, actions for sustainable climate governance and recommended actions for governments, businesses and civil societies.
The report stresses the importance of protecting from corruption the estimated US$700 billion budget allocated for mitigation efforts by 2020. It also highlights the inequality of the current processes for individuals and groups most directly affected by climate change.
“The quality of climate governance - the degree to which policy development and decisions are participatory, accountable, transparent, inclusive and responsive, and respect the rule of law - will determine how well it addresses inherent corruption risks," the report, which was contributed by more than 50 leading experts and practitioners, states. Read the full report here.
Source: by Mariyam Suha, Haveeru Online.
