Climate change impacts such as drought, floods, severe weather and sea-level rise are likely to result in a range of development risks and threats. These will impact the poor and developing countries disproportionately. Key challenges for the development community are to ensure that climate change adaptation and mitigation are integrated at all levels of development decision-making, and to channel adequate financial resources to fund climate-related activities that promote development effectiveness.
1. Climate Change and Development Co-operation Task Team
There are close links between development and climate change. Recognising this, OECD member countries have committed to “work together to better integrate climate change adaptation into development planning and assistance, both with their own governments and in activities undertaken with partner countries”. The Task Team on Climate Change and Development Co-operation supports this objective by bringing together expertise from the OECD’s Development Assistance Committee (DAC) and Environmental Policy Committee (EPOC). The Task Team’s overarching mission is to support the integration of climate change adaptation into development co-operation, through the provision of guidance, research and training.
2. Climate Finance and Development
The OECD is working together to apply lessons from development co-operation to the management and delivery of climate finance under the Partnership for Climate Finance and Development. A number of initiatives are underway by a range of providers of development co-operation, civil society and academic actors to improve understanding of climate finance. A progression in this analytical work can be charted as:
(i) Tracking international climate finance flows
(ii) The aid effectiveness of climate finance
(iii) National delivery of climate finance
(iv) Knowledge sharing platforms and regional dialogues
3. Tracking Climate Finance