Edited by Axel Michaelowa, Department of Political Science, University of Zurich, Switzerland and Perspectives Climate Research, Germany and Anne-Kathrin Sacherer, Perspectives Climate Research, Germany

‘Strategic investments are key for successful long term mitigation and adaptation policy. International climate finance is crucial to mobilize such investments in developing countries. The Handbook of International Climate Finance clearly lays out what is known about the impact of transfers from North to South and what needs to be improved. Every climate policy practitioner should have read it!’

• Contents:Introduction to the Handbook of International Climate Finance:is climate finance a meteoric fashion or a stable pillar of the global responseto anthropogenic climate change? 1Axel Michaelowa and Anne-Kathrin SachererPART I BASIC CONCEPTS UNDERLYING CLIMATE FINANCE1. Same but different? Understanding divergent definitions of and views on climatefinance 16Igor Shishlov and Philipp Censkowsky2. Climate finance effectiveness: matching in-depth analysis with stakeholder dialogues 40Angela D. Falconer and Barbara K. Buchner3. Climate finance as development aid 62Katharina Michaelowa and Chandreyee NamhataPART II LESSONS FROM INTERNATIONAL CLIMATE FINANCE TO DATE4. Financial aspects of international legal regulations of climate change: betweentwo concepts : the common concern of humankind and the common butdifferentiated responsibilities 84Izabela Ratajczak-Juszko and Maciej Nyka5. Lessons from Fast-Start Finance 104Smita Nakhooda and Charlene Watson6. The Green Climate Fund: history, status and legitimacy 135Rishi Basak and Sylvia Karlsson-Vinkhuyzen7. National climate funds 167Luis Gomez-Echeverri8. 20 years of adaptation finance: taking stock of origins, destinations anddeterminants of allocation 187Sam Barrett9. Experiences from the German International Climate Initiative (IKI) 213Sonja Butzengeiger-Geyer, Johanna Christensen, Matthias Poralla, AayushiSingh and Joachim Schnurr10. The Rwandan approach to maximising benefits from international climate finance 242Faustin Munyazikwiye and Axel MichaelowaPART III CONTRIBUTIONS TO AND ALLOCATION OF INTERNATIONALCLIMATE FINANCE11. Aligning finance flows with the Paris Agreement: the role of multilateraldevelopment banks 256Anja Carolin Gebel, Aki Kachi and Lauren Sidner12. Financing forest conservation and restoration through climate policy instruments :lessons from the CDM and REDD+ 293Anne-Kathrin Sacherer, Stephan Hoch, Sandra Dalfiume and Ruth Kassaye13. Allocating climate finance: a contributor’s view 318Stefan Schwager14. Enhanced Direct Access: the first decade 333Benito Müller and Rishikesh Ram Bhandary15. The role of carbon market mechanisms in climate finance 352Aglaja Espelage, Hanna-Mari Ahonen and Axel MichaelowaPART IV THE FUTURE OF INTERNATIONAL CLIMATE FINANCE16. The future of climate finance: balancing ownership and accountability 380Joe Thwaites, Gaia Larsen and Athena Ronquillo-Ballesteros17. The future of climate finance: multinational company participation under risingpeer pressure 403Martin Stadelmann and Dominique Gangneux18. Mobilising climate finance for adaptation through the Adaptation BenefitsMechanism 420Gareth Phillips19. How to ensure that investment in new climate solutions is sufficient to avertcatastrophic climate change 445Yannick GlemarecPART V OUTLOOK20. A vision for international climate finance after 2025 476Axel MichaelowaIndex 487

Edited by Axel Michaelowa, Department of Political Science, University of Zurich, Switzerland and Perspectives Climate Research, Germany and Anne-Kathrin Sacherer, Perspectives Climate Research, Germany

‘Strategic investments are key for successful long term mitigation and adaptation policy. International climate finance is crucial to mobilize such investments in developing countries. The Handbook of International Climate Finance clearly lays out what is known about the impact of transfers from North to South and what needs to be improved. Every climate policy practitioner should have read it!’

• Contents:Introduction to the Handbook of International Climate Finance:is climate finance a meteoric fashion or a stable pillar of the global responseto anthropogenic climate change? 1Axel Michaelowa and Anne-Kathrin SachererPART I BASIC CONCEPTS UNDERLYING CLIMATE FINANCE1. Same but different? Understanding divergent definitions of and views on climatefinance 16Igor Shishlov and Philipp Censkowsky2. Climate finance effectiveness: matching in-depth analysis with stakeholder dialogues 40Angela D. Falconer and Barbara K. Buchner3. Climate finance as development aid 62Katharina Michaelowa and Chandreyee NamhataPART II LESSONS FROM INTERNATIONAL CLIMATE FINANCE TO DATE4. Financial aspects of international legal regulations of climate change: betweentwo concepts : the common concern of humankind and the common butdifferentiated responsibilities 84Izabela Ratajczak-Juszko and Maciej Nyka5. Lessons from Fast-Start Finance 104Smita Nakhooda and Charlene Watson6. The Green Climate Fund: history, status and legitimacy 135Rishi Basak and Sylvia Karlsson-Vinkhuyzen7. National climate funds 167Luis Gomez-Echeverri8. 20 years of adaptation finance: taking stock of origins, destinations anddeterminants of allocation 187Sam Barrett9. Experiences from the German International Climate Initiative (IKI) 213Sonja Butzengeiger-Geyer, Johanna Christensen, Matthias Poralla, AayushiSingh and Joachim Schnurr10. The Rwandan approach to maximising benefits from international climate finance 242Faustin Munyazikwiye and Axel MichaelowaPART III CONTRIBUTIONS TO AND ALLOCATION OF INTERNATIONALCLIMATE FINANCE11. Aligning finance flows with the Paris Agreement: the role of multilateraldevelopment banks 256Anja Carolin Gebel, Aki Kachi and Lauren Sidner12. Financing forest conservation and restoration through climate policy instruments :lessons from the CDM and REDD+ 293Anne-Kathrin Sacherer, Stephan Hoch, Sandra Dalfiume and Ruth Kassaye13. Allocating climate finance: a contributor’s view 318Stefan Schwager14. Enhanced Direct Access: the first decade 333Benito Müller and Rishikesh Ram Bhandary15. The role of carbon market mechanisms in climate finance 352Aglaja Espelage, Hanna-Mari Ahonen and Axel MichaelowaPART IV THE FUTURE OF INTERNATIONAL CLIMATE FINANCE16. The future of climate finance: balancing ownership and accountability 380Joe Thwaites, Gaia Larsen and Athena Ronquillo-Ballesteros17. The future of climate finance: multinational company participation under risingpeer pressure 403Martin Stadelmann and Dominique Gangneux18. Mobilising climate finance for adaptation through the Adaptation BenefitsMechanism 420Gareth Phillips19. How to ensure that investment in new climate solutions is sufficient to avertcatastrophic climate change 445Yannick GlemarecPART V OUTLOOK20. A vision for international climate finance after 2025 476Axel MichaelowaIndex 487