Aim and objectives

 

The overall aim of the project is to contribute to the development of more comprehensive methodologies and systems both for measuring private climate finance flows to, between and in developing counties, and for determining those private flows mobilised by developed countries' public interventions. In doing so, the project intends to complement other work that has a central objective to track public flows, and thereby contribute building a more transparent, comprehensive and trusted international measurement and reporting system for climate finance.

To achieve this overall aim, the Research Collaborative will focus on the following three main objectives:

 

  1. Identify, develop and evaluate possible methodologies for measuring private climate finance flows to, between and in developing countries; a preliminary step towards this is to develop an improved mapping of private climate finance and of data needs availability and gaps;

  2. Identify, develop and evaluate possible methodologies to measure private climate flows being mobilised by developed country public sector interventions (including from relevant bilateral or multilateral development finance);

  3. Conduct ground testing of methodologies and pilot measurements of private climate finance and of private flows mobilised by public sector intervention. Progress towards this objective is expected to be achieved iteratively by assessing, reviewing and refining methodologies.

While tracking every dollar of private flows will likely prove unnecessary and technically not feasible, the need for more clarity on the overall picture is a prerequisite to understanding and measuring how public interventions mobilise private finance.

The project is focused on technical issues in terms of identifying, developing, testing and evaluating possible methodological options as input to political discussions. Decisions and choices on key definitional issues and acceptable measurement and reporting methodologies (in particular for accounting purposes under the UNFCCC) are out of scope as these need to take place at the political level.

Upon completion of the above-listed three initial objectives, the RC will (funding permitting), as a fourth and follow-up objective, work towards proposing options for data collection and analysis to help assess private flows financing climate change mitigation and adaptation activities in comparison to the finance still flowing to “brown” activities (leading to an increase of GHG emissions and/or climate vulnerability compared to a given baseline).