Bringing Climate Change Claims to the Accountability Mechanisms of International Financial Institutions
As climate change litigation proliferates around the world, an assessment of what its role is and should be in transnational regulatory governance becomes important. International financial institutions have increasingly adopted environmental and social policies that require them to take environmental and social concerns into account. Concern over the implementation of these policies led environmental and human rights groups to advocate for the establishment of citizen-driven accountability mechanisms in those institutions. This chapter explores the potential use of such mechanisms in filing claims relating to climate impacts as an alternative to litigation. By focusing on the best known of these mechanisms, The World Bank Inspection Panel and the International Finance Corporation’s Compliance Advisor and Ombudsman, and by providing overviews of lesser known mechanisms, the chapter examines their impact on climate change and the importance of raising the profile of contributions to change made by international financial institutions.
Climate change, Global warming, International financial institutions, Accountability mechanisms
Environmental Law | Law | Law and Economics
Hunter, David and Jennifer Gleason. “Bringing Climate Change Claims to the Accountability Mechanisms of International Financial Institutions.” In Adjudicating Climate Change: State, National, and International Approaches, edited by W. Burns and H. Osofsky, 292-313. Cambridge, NY: Cambridge University Press, 2009.