1. Rio Markers and development finance statistics in the DAC CRS
This session will present on recent work of the OECD to review and improve the Rio marker system, looking at harmonising with the MDB Joint approach and a quality review of the new adaptation marker. We invite participants to share their experiences on the application of the markers, experiences on refining the methodology and application, and views on recommendations to improve the system.
The second half of this session will explore members’ experiences on the use of the Rio marker data for tracking policy objectives and commitments –in tracking spend across donor portfolios and for reporting against international commitments. The objective is to gain insight on the relevance of the Rio marker system to date and needs of future tracking to identify any areas for refinement of the existing system, given international commitments and reporting requirements have moved forward and are evolving.
2. Understanding and tracking non-concessional 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.
This session provides an update on the work of the OECD in tracking non-concessional development finance and private climate finance. Members are invited to highlight their views on the role of non-concessional development finance in supporting climate objectives – and how the climate-relevance of such flows can be tracked.
3. Climate change and development finance effectiveness
The Busan Partnership for Effective Development Co-operation – now embodied in the Global Partnership - sets out principles, commitments and actions that offer a foundation for effective co-operation in support of international development. During its 4th High Level Forum on Aid Effectiveness (2011) climate finance was outlined as a priority for effective international development, indicating that climate finance can also be assessed through the aid effectiveness principles.
This is a fundamental pillar and starting point for considering the effectiveness of climate finance, however it is not clear if a common understanding exists on what makes climate finance effective (given the potential range of perceptions and objectives across recipients, providers and wider stakeholders), and whether existing aid effectiveness principles are relevant and sufficient to guide all international climate finance flows (given the range of providers, sources and instruments to channel climate finance going forward).
The objective of this session is to take the opportunity to update members on the latest developments of the Busan Partnership, and to explore members’ views and experiences in defining, understanding and implementing principles of effectiveness in raising, allocating and delivering climate finance.