Maldives Green Fund to merge “scattered” climate finance

20 May 2013, 3:03 PM

Leah Malone

Transparency Maldives has called for stronger anti-corruption climate finance safeguards, following the government’s declaration it would establish a ‘green fund’ that would merge all climate change, conservation, and sustainable development project trust-funds.

President Mohamed Waheed Hassan Manik’s cabinet proposed a Maldives “Green Fund” be established, which would merge all the currently established trust funds in accordance with the government’s Biosphere Reserve sustainable development policy.

The purpose for merging the funds would be to enable cost reductions and strengthen operational efficiency for foreign investments for waste management, water management and renewable energy projects.

Shortly following this April 30 announcement, Transparency Maldives called for “stronger anti-corruption safeguards in climate finance” as part of the civil society recommendations presented to the Minister of Environment and Energy Dr Mariyam Shakeela during the “NGO Forum on Environment and Sustainable Development 2013” held May 5.

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Maldives Green Fund to merge “scattered” climate finance

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