Abstract
This introductory chapter poses the central question of this book and provides an overview of the chapters that follow. The challenges faced by global decision-makers of allocating the Green Climate Fund (GCF) funds justifiably to a set of selected projects are very high but underappreciated. This book elucidates these challenges and addresses them by laying out an analytical framework for the GCF and providing an evaluation of each of the GCF-funded projects, which totals 93 projects and US$ 4.6 billion as of November 2018. For empirical evaluations, this book takes a novel step by putting together four scientific traditions of climate change that have produced quantitative results and predictions that are highly pertinent to the GCF funding decisions. This book extends the analysis of the GCF to other global funds whose areas of funding may overlap those of the GCF such as the United Nations specialized funds and programs, the European Union’s carbon dioxide emissions allowance trading.
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