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August 24, 2026Sustainability and Climate ChangeOpen Access

Polycentric Governance in Climate Finance: Gaining Insights from the Green Climate Fund after the Paris Agreement

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RRRisnawati Risnawat

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Overview

Document analysis reveals strong polycentric governance coexisting with concentrated core actor ties in the Green Climate Fund, highlighting structural tensions between decentralization and...

Key Points

  • To examine how multiple decision centers interact and coordinate within the Green Climate Fund's governance architecture using a polycentric governance framework.
  • Qualitative content analysis of 43 official Green Climate Fund documents published between 2015 and 2024.
  • Application of the polycentric orders framework combined with document-based coding and network analysis.
  • Identified formally institutionalized coordination mechanisms aligned with a strong polycentric order structured for problem-solving and adaptive management.
  • Demonstrated that formal decentralization coexists with a concentration of documented coordination ties among a small core of primary actors.

Cite This Study

Risnawati Risnawat (2026) studied this question.

synapsesocial.com/papers/6a8c0086bca056c88e6df4d3https://doi.org/10.1177/26922932261479029
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