Disintermediating the Green Climate Fund
Tim Reutemann, Managing Director RedMorpheus GmbH1, Zurich, Switzerland
Abstract
This chapter argues that the crucial feature of the Paris Agreement’s climate finance architecture is its international political legitimacy. It analyzes the chain of intermediation from sovereign voters to individual climate finance decisions in the Green Climate Fund (GCF), identifying the need to preserve legitimacy and address its bureaucracy in project procurement and investment decisions.
The chapter proceeds to discuss the potential for disintermediation and decentralization enabled by Blockchain technology, starting from the creation of legitimacy by public voting. It postulates that liquid democratic ...
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