CLIMATE-RELATED DEVELOPMENT FINANCE We monitor bilateral and multilateral climate-related external development finance flows, working across the OECD to improve the quality, coverage and communication of our data. An increasing range of resources are available today to finance development and climate change action, including private sector climate finance. The OECD is working to identify, measure and support the reporting of private climate finance.
ADAPTATION AND DEVELOPMENT Climate change impacts such as drought, floods, severe weather and sea-level rise threaten to unravel – if not reverse - development gains of the past. These will disproportionately impact the poorest of the poor, particularly in developing countries. Key challenges for the development community include ensuring that climate change adaptation and mitigation respond to local development priorities and are integrated at all levels of decision-making, and that adequate financial resources are available to fund priority climate actions – such as adaptation - that also support sustainable development. Effective development co-operation and practices are central to good outcomes.
THE 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT AND CLIMATE CHANGE No country can achieve sustainable development without tackling climate change. Development finance will be key to maximising the coherence and synergy between climate change and sustainable development in developing countries. OECD work on development co-operation places particular emphasis on ensuring that the nexus of climate change and sustainable development addresses the needs of the poorest of the poor – the most vulnerable populations. All countries need to embed the SDGs in country planning and policies. The OECD offers a research, knowledge-sharing and policy platform that can help guide the transformation of global development policies and finance for a zero-carbon, climate-resilient world.
