Climate Finance Tracking

Data on climate finance is key to measure progress toward climate finance goals, identify gaps and optimize the use of public resources. The project will provide comprehensive, user-friendly data and analyses on global climate finance flows, broken down by sectors, geographies, sources of capital, and instruments. This will enable governments, climate funds, development finance institutions, and private investors to better understand their role in the climate finance landscape, identify opportunities to scale up flows, accelerate ambition and better coordinate on climate action. The project will also inform UNFCCC climate negotiations, assessing collective progress toward international agreements, in the published SCF’s Biennial Assessments, and the first ‘Global Stocktake’ of the Paris Agreement due in 2023.

Project data

IKI funding
799,999.00 €
Duration
08/2022 till 04/2024
Status
completed
Implementing organisation
Climate Policy Initiative (CPI)
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State of implementation/results

  • It has been more than a decade since CPI started comprehensively assessing global climate finance flows through the Global Landscape of Climate Finance (the Landscape). It monitors global primary investment by public and private actors in activities that reduce emissions and improve adaptation and resilience to climate change.
  • By setting this baseline, we aim to provide a snapshot of where and how climate mitigation and adaptation finance is flowing globally, based on consistently reported and collected data over the years.
  • To inform the United Nations Framework Convention on Climate Change (UNFCCC) fifth Biennial Assessment and Overview of Climate Finance Flows, we leveraged new data to update climate finance flow estimates for the years 2019 and 2020, as previously reported in our 2021 Landscape.
  • The report provided a brief overview of sources, instruments, uses, and geographies in the past decade, as well as climate finance needs in the coming years by sectors and geographies. It also offered a preliminary estimate for climate finance in 2021, drawing on data published in 2022.
  • We convened an expert network, the Climate-aligned Finance Tracking Group, to identify research priorities and exchange on key topics surrounding climate finance.
  • Global Landscape of Climate Finance 2023 report covering climate finance flows in 2021 and 2022 was published in November 2023. The results are publicly available on our website, including the data download tools, interactive graphics library, and a longer narrative report.
  • The findings were also presented to over 300 participants via an online webinar, as well as through direct engagement and presentations to government officials and climate negotiators. The findings were also used in over 60 events during COP28 by CPI staff.
  • In 2023 alone, our analysis informed crucial reports and initiatives such as the Independent High-Level Expert Group on Climate Finance, G20 policy briefs on climate finance, IMF Global Financial Stability report, the Global Commission on Adaptation report on the State of Adaptation Finance, WRI State of Climate Action 2023, WMO State of Climate Services and many more.

Latest Update:
12/2024

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