Supporting governments in tracking climate finance and implementing NDCs

, April 2017

 

Supporting governments in tracking climate finance and implementing NDCs

CONTEXT

More than three-fourth of total global climate finance and over 90% of total private climate finance is raised and spent in the same country. With climate action largely taking place at national and local levels, clear information about climate finance flows at the national level is critical to maintaining the momentum of the Paris Agreement. Many National Determined Contributions lay a foundation for countries to develop investment plans for low-carbon growth, however, more information on the current state of play of their domestic finance, in relation to both their financing flows from public budgets and domestic institutions as well as international capital inflows that support their national climate objectives.

Without such data, it is difficult to identify gaps, align flows and instruments for maximum impact and scale, measure progress, and optimize the deployment of public resources in a way that can effectively and efficiently unlock private investment at the transformational scales needed.

Service
Climate finance mapping was originally developed by Climate Policy Initiative in 2011 to track global financial commitments towards climate action. The approach has since been adapted and further developed to support countries and jurisdictions in understanding their climate finance landscape.

Our national landscapes for Germany (2012), Indonesia (2014), and Côte d’Ivoire (2017) provided the most comprehensive overview yet available of these countries’ climate finance. GNIplus in Kenya brings together the combined expertise of Climate Policy Initiative, AECOM, Pollination, and Climate Policy Initiative, to provide governments with the best available policy, technical, financial, governance, and legal expertise to support the implementation of their Nationally Determined Contributions (NDCs) in Kenya.

Impact

CPI’s work on national-level tracking feeds directly into governments’ efforts to enhance their budgeting systems both to better track, monitor, and report climate finance from international sources, and to monitor and evaluate the effectiveness of domestic budgets.  Results from the CPI and Ministry of Finance (MoF) study in Indonesia fed directly into the ministry’s efforts to enhance their budgeting systems both to better track, monitor, and report climate finance across several line ministries. In the case of Côte d’Ivoire, our tracking supported the government’s development of a National REDD+ Strategy. Also, CPI and the EU REDD Facility have developed an open source tool that allow countries to carry out the land use investment mapping analysis themselves or with limited support. CPI is also bringing together a community of practitioners from national governments, donors, UN agencies, and implementing organization to share knowledge and best practices on mapping and tracking flows of domestic climate finance.

Contact

If you would like our support tracking climate finance flows at the national level, please contact chavi.meattle@cpiclimatefinance.org

Related work

CPI’s study is guiding the implementation of budget tagging systems in seven ministries trying to better understand their climate-relevant investments. This will allow us to look at the size and effectiveness of our budgets and to design more and better programs in the future.

-Dr. Andin Hadiyanto

Head of Fiscal Policy Agency, Ministry of Finance, Indonesia

 

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