Tracking Climate Finance

The Climate Finance team has developed methodologies to track climate finance initiatives within the UNFCCC process, such as Fast Start Finance (2010-2012) and Long-term climate finance (2012-2020). We also analyse available data to identify climate finance flows directed to our stakeholders and we assess current gaps and options for enhancing the current reporting tools and methodologies for climate finance under the UNFCCC, including in the context of the relevant work of the Standing Committee on Finance.

Publications

This briefing is the second of a two-part Climate Analytics series that examines historical access to the Green Climate Fund (GCF) by Small Island Developing States (SIDS). It focuses on the quality of SIDS proposals submitted to the GCF based on the feedback given to proposals by the independent Technical Advisory Panel (iTAP).  
Meeting climate goals is becoming a matter of fundamental concern for many countries. For the most vulnerable countries, meeting global mitigation targets to limit the increase in global warming to below 1.5 degrees above preindustrial levels is a matter of survival - because of their limited financial, technical, technological and human capacity to cope with increasing and more frequent climate-related adverse events. This analysis takes stock of the resources mobilised through funding proposals submitted to and approved by the Green Climate Fund over the period from November 2015 to July 2021 (Board 29). It is based on data published by the GCF.  
Produced in collaboration with the African Climate Finance Hub, the report says deep global emissions reductions are the best way to head off Africa’s crippling adaptation costs. It also finds that the continent’s domestic resources are insufficient to respond to projected impacts, but would be important to complement international funding for African countries – including meeting the Cancun climate finance commitments by 2020. The report also explores the extent to which African nations can contribute to closing the adaptation gap – especially in the area of identifying the resources that will be needed.  

Projects