Lecture | Lunch Research Seminar
Transformations in Global Climate Finance: Understanding Emerging Institutional Approaches
- Date
- Wednesday 13 May 2026
- Time
- Location
-
Lipsius
Cleveringaplaats 1
2311 BD Leiden - Room
- 0.30
Registration
All are welcome, however please register in advance at l-peg@hum.leidenuniv.nl to receive a copy of the paper and lunch.
Abstract
With increasingly stagnant public finances and inadequate aid, developing states struggle to maximize the impact of limited resources on addressing the impacts of the deepening climate crisis. In this deteriorating financial context new public climate organizations have emerged in recent years. Understanding what has driven the emergence of these institutions can offer important policy and academic insights. This paper maps the rapidly evolving climate finance landscape and addresses the following questions: What has driven the emergence of these institutions? And what institutional features do these new climate clubs have compared to conventional climate financiers? We develop a theoretical framework that focuses on four dimensions of institutional innovation (Governance, operations, issue area, and control). Building on the organizational ecology literature, we suggest that these new institutions are driven to innovate to find their niche due to two pressures: First, the organizational density and intense resource competition in climate finance, and second, the complex and technical nature of climate related cooperation problems.