2. Understanding and tracking non-concessional climate finance
This session provided an update on the work of the OECD in tracking non-concessional development finance and private climate finance.
The growing need for new and innovative instruments to more effectively target and fund development and climate-related objectives requires looking beyond traditional ODA and to the role of non-concessional finance and private finance. Systematically compiling data on the range of non-concessional climate finance flows and the extent to which these have been mobilised, leveraged or catalysed by public finance, actions and policy measures is an important starting point to understand the landscape of flows. This evidence can enable future climate finance to be more targeted and used more effectively, as well as providing a basis for any future reporting requirements.
Brief update on efforts to extend coverage of DAC system to non-concessional development finance, Cécile Sangaré, OECD DCD:
Update on the OECD led Research Collaborative on Tracking Private Climate Finance – Member exchange on experiences - Raphael Jachnik - OECD ENV:
3. Climate change and development finance effectiveness
This session provided an update to members on the latest developments of the Busan Partnership for Action on Climate Change Finance and Development Effectiveness, and explored members’ views and experiences in defining, understanding and implementing principles of effectiveness in raising, allocating and delivering climate finance.
Update on Busan Partnership for Action on Climate Finance and Development Effectiveness
a) Anne-Marie Sloth Carlson, UNDP:
b) Dongoh Nam, Ministry of Strategy and Finance, Korea:
Results from an OECD/DCD survey on ‘What enables effective international climate finance in the context of development co-operation?' - Stephanie Ockenden and Sáni Zou, OECD DCD:
Recent developments in field work with countries
a) Smita Nakhooda, Oversease Development Institute (ODI):
b) Jens Fugl, European Commission:
For further information, please contact Stephanie Ockenden (email@example.com)