Accelerating Climate Finance Impact to Support the Momentum of Paris
As of: January 2022
The implementation of the Paris Agreement requires a systematic and application-oriented processing of climate financing data. The project is establishing a platform that records climate-relevant financial flows, analyses the role and effectiveness of public and private stakeholders and makes the findings available. The platform provides policy makers, donors, recipient countries and the financing development community with knowledge and instruments for climate financing. In this way, opportunities can be identified to support climate financing and to harmonise financial flows and instruments. The impacts of climate financing will subsequently be improved and new sources of finance developed. Synergies between the climate financing activities of the main stakeholders can also be identified to better understand how public money can be used for the successful implementation of the Paris Agreement.
State of implementation/results
- Global Climate Finance: an update view 2019 has been published in November 2019 (climatepolicyinitiative.org/…).
- At the website there is an interactive summary (www.climatefinancelandscape.org)
- Two additional analytical briefs on tracking methods were also published in November 2019. One focuses on tracking adaptation (climatepolicyinitiative.org/…) and the other on private capital response to climate change (climatepolicyinitiative.org/…).
- CPI presented key findings from the GLCF 2019 at the GCF Private Sector conference in early October, at the OECD Research Collaborative meeting in late October, at the Ethical Finance Conference 2019 conference and at various events at COP25 in Madrid.
- CPI is planning an event on national/domestic tracking at COP26.
- CPI has established a Climate-aligned Finance Tracking Group, a network of experts that aims to achieve greater impact and scale in climate finance by improving and aligning tracking efforts. Further information and details of the Steering Committe members can be found here: climatepolicyinitiative.org/…
- 3 series analytical report on the alignment of new power sector investment with Paris Agreement mitigation goals was published in December 2020. (www.climatepolicyinitiative.org/…). The results were disseminated via a virtual event in January 2021. (www.climatepolicyinitiative.org/…).
- Updated view on the Global Landscape of Climate Finance 2019 including data download tools have been published providing an update on 2017 and 2018 climate finance flows and would provide evidence for the UNFCCC 2020 Biennial Assessment and Overview of Climate Finance Flows (www.climatepolicyinitiative.org/…)
- Domestic Climate Finance Mapping and Planning workshop was organised in January 2021 attended by over 200 participants from more than 60 countries. (www.climatepolicyinitiative.org/…)
- South African Climate Finance Landscape report was published in January 2021 accompanied by a webinar on the key findings. (www.greencape.co.za/…)
- In mid-October 2021, analysts from the Climate Policy Initiative presented in a online seminar the latest data and findings from the Global Landscape of Climate Finance 2021, with figures for 2019-2020. This report is the most comprehensive assessment available of the scale, key actors, instruments, recipients and uses of finance to support climate change mitigation and adaptation.