Supporting governments to manage domestic revenue and international aid

Service

CPI’s analysts have identified and tagged tens of billions of dollars of climate-relevant budget and aid allocations in Germany, Indonesia, and most recently Côte d’Ivoire. At the time of their publication, each exercise provided the most comprehensive overview yet available of these countries’ climate finance.

Impact

74% 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, improved understanding of how finance flows within countries is key to accelerating low-carbon and climate-resilient economic transitions.

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. These reports provide baselines against which to measure progress towards investment needs, identify blockages in the system, and reveal opportunities to increase finance. All of this enhances governments and donors’ ability to allocate resources appropriately and coherently at the national and local levels to ensure they are having the intended impacts. In the case of Côte d’Ivoire, our tracking supported the government’s development of a National REDD+ Strategy.

Contact

If you would like our support tracking climate finance flows at the national level, contact us at services@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

Comments are closed.