Ecologic Institute Tackles Financing Investigation for International Environmental Governance
On April 23rd, 2012, the Ecologic Institute announced a project due for completion on April 30th concerning global environmental governance. Entitled, “Rio+20: Financing International Environmental Governance,” the report examines how the current system of international environmental governance (IEG) is funded. Prof. Maria Ivanova of UMass Boston and the Center for Governance and Sustainability is a partner for the project.
The backdrop of this project and the ensuing report is the lead-up to Rio+20. On the negotiation table at Rio, there are myriad ambitious proposals for sweeping global environmental reforms. The reality of the situation is that a number of proposed reforms, including transforming UNEP into a specialized agency, will require additional funding.
Ecologic recognizes that the current system of IEG financing is opaque and without sufficient accountability. Through the project, the Ecologic hopes to answer the following questions about IEG financing: “Where do funds come from and how decides on the rules by which they are spent? Who controls how funds are used, and how can new financial mechanisms and funding from private sources be integrated into the existing system in an appropriate way? How can coherence and transparency of the system be improved?”
The Ecologic Institute was founded in 1995 as an independent environmental think-tank. It provides advice in an official capacity for the European Parliament, the European Environment Agency, and the European Commission. Ecological works on a wide range of projects including climate and agricultural policy and investigating environmentally harmful substances.
To read more about the project, click here.