World Resources Institute: Power, Responsibility, and Accountability: Re-Thinking the Legitimacy of Institutions for Climate Finance, Working Paper: November, 2009 by Maria Athena Ballesteros, Smita Nakhooda, Jake Werksman, with Kaija Hurlburt and Seema Kumar
“This Working Paper seeks to ground the debate on climate finance in an objective analysis of ongoing efforts to finance mitigation and adaptation in developing countries. The authors step back from the question of which institution? should be entrusted with these funds to examine instead how governments can design a climate financial mechanism in a way that is widely perceived as legitimate. We identify three crucial dimensions of institutional legitimacy: power, responsibility and accountability…”
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