Journal of Korean Society of Water and Wastewater (상하수도학회지)

The Korean Society of Water and Wastewater (대한상하수도학회)
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Trends in climate finance and ODA for global water infrastructure

글로벌 물시장에서의 기후 금융과 ODA자금 동향 조사

  • Kim, Jakyum (Yooshin Engineering Corp.) ;
  • Kim, Seunghyun (Department of Civil Engineering, Kyungnam University) ;
  • Sohn, Jinsik (School of Civil and Environmental Engineering, Kookmin University)
  • Received : 2020.02.12
  • Accepted : 2020.04.15
  • Published : 2020.06.15
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Abstract

ODA finance in the water sector has decreased after reaching a peak in 2012 although total ODA commitments have steadily increased according to OECD DAC data. However, climate finance in the water sector has increased so much since 2013 according to 7 MDB Joint report on Climate Finance. Water, especially, in climate change is the main issue for adaptation, and the total finance in the water sector reached 50% of the international public adaptation finance in 2016. However, the procedures for approval and the requirements of the proposals for climate funds are different from those for development finance. Notwithstanding the changes in money flows in the water sector, most korean engineering consulting firms in the water infrastructure area are not ready to win the funds relating to climate change. Therefore, It is important to understand a variety of sources of climate funds, characteristics, funding scale on each purpose and procedures for approval. Korean government needs to provide the firms the opportunities to buildup experiences by getting involved in climate adaptation projects with the financial support for developing PPFs, concept notes, and proposals.

Keywords

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