The Independent European Daily Express reports:
The Climate Change Fund set up in November in Mexico faces enormous challenges such as the enforcement of anti-corruption standards, which make it unlikely that concrete actions will begin this year, according to civil society organisations…
The Transparency International experts found failures of accountability, of dispute settlement mechanisms and of coordination with national funds. In addition there were conflicts of interest between actors involved, such as companies, and a lack of monitoring for projects from initial design to completion.
Mexico’s Climate Change Fund is meant to attract and channel public, private, national and international resources for actions against the effects of climate change, with a priority on adaptation.