Climate Collective and World Bank’s GPSA Join Forces for Climate Finance, Transparency and Impact

Partnership announcement: Climate Collective and The World Bank’s Global Partnership for Social Accountability (GPSA) have formed a new partnership to leverage innovative green tech solutions to enhance citizen engagement and address transparency and accountability gaps in the implementation and oversight of climate finance.

The global community needs substantial funding, approximately $4.3 trillion per year until 2030, to facilitate a green transition and achieve Net Zero targets. These financial flows will have a profound impact, particularly on people living in poverty, women, and indigenous peoples. ​Poor reporting practices, fragmented data, lack of transparency, and limited citizen oversight increase risks of corruption and misspending — ultimately jeopardizing the potential for climate change progress. Greater accountability — a more transparent, inclusive, and representative system — will be essential to ensure this scale of climate finance results in the intended climate action.

Digital technologies play an important role in lowering monitoring costs and increasing transparency and participation. In particular, open source platforms, digital public goods, and scalable data infrastructure can foster greater collaboration between donors, governments, and communities.

The collaboration between the GPSA and Climate Collective will convene their networks to foster innovative tech solutions for scalable impact. The goal is to test and scale solutions that bridge existing gaps in transparency, accountability, and participation in climate finance.

This partnership comes at a critical point where emerging technologies hold the potential to lay the foundation for an efficient and trustworthy climate finance ecosystem.

“As the world looks to mobilize billions in the coming years for climate action, it is more crucial than ever to emphasize collaboration across sectors, leverage existing and emerging digital technologies, and promote scalable solutions for a more equitable and effective climate finance architecture.” — Ann-Sofie Jespersen, Senior Social Development Specialist at The World Bank

“Technology is key to ensuring equitable and effective utilization of increased climate finance. The green accountability accelerator intends to identify and support emerging technologies that amplify the engagement, oversight, and voice of citizens and civil society to enhance quality and impact of our climate finance and action.” — Aly Rahim, Global Partnership for Social Accountability Program Manager, World Bank

“This collaboration is an opportunity to test, scale, and replicate new models that ensure climate finance is reaching its intended targets. We look forward to fostering new solutions that will deliver green accountability to communities worldwide.” — Alison Filler, Head of Innovation at Climate Collective