Conditionality in Climate Finance
Balancing Effectiveness, Justice, and Sovereignty in the COP Framework
Bibliographic Data
| ID | 19235508 |
|---|---|
| Authors | Sushanta Kumar Mahapatra (0000-0002-0831-3621), Madan Meher (0000-0001-7220-5062) |
| Year | 2026 |
| Pages | 1-18 |
| Publication date | 2026-05-20 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Strategic Analysis (JOURNAL) |
| Journal identifiers | ISSN: 0970-0161 • E-ISSN: 1754-0054 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/09700161.2026.2672302 |
| OpenAlex | W7161755086 |
| Language | EN |
| References cited | 10 |
This article analyses why conditionality persists in climate finance and how it can be redesigned to reconcile effectiveness with climate justice. Building on the principal-agent theory, the political economy of aid conditionality, and distributive and procedural justice frameworks, it conceptualises conditionality as layered governance. Using process tracing of the COP27–COP30 sequence and comparative analysis of finance instruments such as Just Energy Transition Partnerships (JETPs) and debt-for-climate swaps, the article shows that outcomes depend on design, concessionality and institutional context. It proposes justice-sensitive reforms that recast conditionality as a cooperative tool for accountability, equity and sustainable development
Climate change · Conditionality · Sovereignty · Climate Change and Geoengineering · Climate Change Policy and Economics · Sustainable Finance and Green Bonds
| Highly cited | No |
|---|