Events and news


18 December 2015

Release of “Sector-level approach to estimating mobilised private climate finance: the case of renewable energy”

This OECD working paper explores the extent to which currently-available secondary data make it possible to estimate private finance mobilised by developed countries for renewable energy projects in developing countries.

Findings underline the need for improved primary data collection, in particular by public climate finance providers on private co-finance, building upon the recent progress already achieved in this area.

The paper also highlights that very careful and transparent use should be made of private finance leverage ratios, as they are highly sensitive to both the underlying calculation methods as well as to core characteristics of public finance that result from varying mandates of development agencies and institutions.

8 December 2015

Side events at the UNFCCC twenty first Conference of Parties (COP21) in Paris

The OECD Development Assistance Committee and the Research Collaborative jointly hosted a side event on December 1, which outlined initiatives and collaborations in tracking public and private finance for climate action in developing countries. It included presentations by the OECD, the World Bank, the civil society organisation Grupo de Financiamiento Climático para América Latina y el Caribe, as well a panel intervention by the Swiss delegation to the UNFCCC. 

The Research Collaborative was also invited to contribute to the following events:
• “Publicly Mobilised Private Climate Finance: Implementation and Tracking by Development Finance Institutions”, hosted by KfW Development Bank on December 4 (Research Collaborative presentation).
• “Mobilising private adaptation finance: private realities and public ambitions”, hosted by the German Development Institute (DIE) on December 8 (Research Collaborative presentation).

Further information about OECD at UNFCCC COP21

20 November 2015

Release of the report "Estimating mobilized private finance for adaptation: exploring data and methods”

This report, published by Climate Policy Initiative (CPI) in collaboration with the OECD, advances understanding of how to assess publicly-mobilised private investment in climate resilience. It does so by developing, testing and evaluating a range of methodological options to estimate the amount of private finance mobilised by developed countries’ public finance interventions for climate adaptation in developing countries.

While on-going climate finance tracking efforts focus on measuring private finance mobilised directly, this study also explores possibilities to estimate private finance mobilised indirectly by e.g. by public finance for capacity building or project demonstration.

7 October 2015

Release of "Climate Finance in 2013-14 and the USD 100 billion goal”

This OECD Study, in collaboration with Climate Policy Initiative, provides an aggregate estimate of public and mobilised private climate finance by developed countries for climate action in developing countries, based on a transparent methodological framework. The estimate reaches USD 62 billion in 2014, up from USD 52 billion in 2013 and making an average of USD 57 billion annually over the 2013-14 period. Building upon the work conducted under the Research Collaborative to date, mobilised private finance, which accounts for 26% on average, was estimated based on private co-financing data from bilateral and multilateral development finance institutions as best-available evidence of mobilisation,. 

The report was prepared at the request of the Peruvian and French governments in the context of their responsibilities as the current and incoming presidencies of the UNFCCC Conference of Parties (COP). Climate finance flows are an important element of the negotiations in the lead up to COP21 in Paris, where countries are expected to finalise a new universal agreement on responses to climate change beyond 2020.

9 September 2015

Research Collaborative workshop in Paris

Presentations and discussions focused on progress of and synergies among the various on-going pilot studies of mobilised private climate finance conducted by the OECD, Climate Policy Initiative, bilateral development finance institutions, multilateral development banks and individual donor countries. Close to 60 participants attended from 8 research organisations and consultancies, 10 development finance institutions, 16 government delegations, and the UNFCCC and UNDP Secretariats.

24 August 2015

Release of a technical paper “Proposal of a methodology for tracking publicly mobilized private climate finance”

This paper was drafted by members of the staff of KfW Development Bank to describe a proposal for a technical methodology to track the impact public finance interventions have in mobilising private capital for climate action in developing countries. The methodology was developed for, and voluntarily pilot tested by members of a group of bilateral development finance institutions (coordinated by KfW) and consequently reflects the requirements and norms to the practice of development finance. 

Using the four-stage framework of key decision points developed by the Research Collaborative, the paper outlines the specific elements of the methodology and the rationale for the approach taken, as well as introduces a brief discussion of overarching issues relevant to each decision point. In addition, the paper provides aggregate (though not official) results from the pilot tracking by the group of bilateral development finance institutions, some lessons learned as well as an outlook for the future, acknowledging that the methodology and results represent an early effort to track publicly mobilised private climate finance.

A number of other on-going activities by researchers, multilateral development banks and countries will result in complementary outputs being released during the next months.

28 April 2015

Presentation at a meeting of the EU’s Energy and Climate Change Working Group, Brussels

In the context of a meeting focused on International Climate Finance, the Research Collaborative presentation provided an overview of progress to date, outputs to COP21 and expectation management. This was an opportunity to raise awareness about the work of the Research Collaborative and of its collaborating partners, as well as about some of the remaining hurdles towards producing more robust and comprehensive estimates of mobilised private climate finance.

16 March 2015

Research Collaborative workshop in Paris

The various stakeholders involved in the Research Collaborative shared information about on-going and planned pilot studies of mobilised private climate finance at different levels, and thereby identified as well as discussed co-operation needs and possible synergies. 56 participants attended from 6 research organisations, 9 development finance institutions, 15 country delegations, and the UNFCCC Secretariat.

4 March 2015

Publication of the report “Estimating mobilised private climate finance: methodological approaches, options and trade-offs”

This joint OECD-World Resources Institute report places Research Collaborative findings from work conducted to date both on approaches to estimating mobilisation and on the availability of underlying private climate finance data within an overarching framework. This framework steps through key decision points involved in estimating publicly mobilised private climate finance and assesses a range of methodological options to address these.

Based on this assessment, the analysis:

  • Highlights methodological options that could pragmatically be implemented to estimate mobilised private climate finance in the short term, and
  • Outlines possible longer-term action points towards achieving more systematic and comparable data and methods.

The intent is to help guide on-going and future efforts to further develop, implement and test different methodological approaches, including through pilot measurements of mobilisation by countries, public finance institutions, and/or researchers.

Key messages are summarised in a Policy Perspectives brochure.

12 February 2015

Release of the OECD report “Public Interventions and Private Climate Finance Flows: Empirical Evidence from Renewable Energy Financing”

This study explored the potential development and use of econometric techniques towards estimating publicly mobilised private finance in the renewable energy sector. The report:

  1. presents ‘observed’ ratios of total private to public finance.
  2. seeks to understand determinants of private finance flows by analysing the role of key public finance and policy interventions, taking into account a number of market and country conditions.
  3. assesses the likely mobilisation impact of past public interventions, and draws a comparison with approaches that ignore the role of policy interventions and of country and market conditions.

The methodology proposed is an initial attempt to estimate private climate finance mobilisation empirically. It should be seen as a step towards developing more comprehensive methodologies for analysing and estimating private finance mobilisation in the global climate policy context.

This analysis as well as other work conducted to date fed into the preparation of a soon to be published joint OECD-World Resources Institute report synthesising learnings to date, based on which key messages were summarised in a Policy Perspectives brochure released ahead of COP20 in Lima.

 4 December 2014

Side event at the UNFCCC twentieth Conference of Parties (COP20) in Lima

The Research Collaborative, together with the OECD Development Assistance Committee (DAC), hosted a side event on “Tracking public and private climate finance: towards improved data and increased transparency”, on 4 December at the European Union pavilion.

With the objective to outline and discuss recent achievements and on-going initiatives as well as collaborations in tracking climate finance, the event included presentations and updates from the DAC, the Research Collaborative, international finance institutions, country delegates and non-governmental representatives.

Further information about OECD at UNFCCC COP20.

17 November 2014

Release of the brochure “Policy Perspectives: Estimating mobilised private climate finance”

This Policy Perspectives summarises key messages towards estimating private climate finance mobilised by public interventions. These broadly consist of:

  • In the short-term, to focus on testing and implementing practical methods while providing transparency about underlying definitions, assumptions and limitations. 
  • In the longer term, to converge on definitions, build data systems as well as improve and standardise methods.

This summary is based on a forthcoming joint OECD and World Resources Institute report. The report places Research Collaborative findings from activities conducted to date both on approaches to estimating private climate finance mobilisation and on the availability of underlying climate-specific private finance data within an overarching framework. This framework proposes a range of methodological options to address key decision points for estimating publicly mobilised private finance. The intent is to guide the development and use of more robust methodologies as well as to inform future work by relevant actors, including pilot measurements.

24 September 2014 Release of the report “PILOT - Tracking Mobilised Private Climate Finance” for the Netherlands

The study was authored by Triple E Consulting and commissioned by the Ministry of Foreign Affairs of the Netherlands. It is a contribution to Work Stream 3 of the Research Collaborative: ‘Pilot measurements and ground-testing of methodologies’.

The report consists of a trial calculation of mobilised private climate finance by Dutch public finance in 2012 and of a tentative estimate of mobilisation for the 2015 budget. It describes and makes use of a possible estimation method, summarises the underlying definitional and methodological choices made, as well as highlights the issues and uncertainties encountered in this process, in particular in relation to data availability and attribution of mobilisation.

The information and views set out in this study are those of the authors at Triple E Consulting and do not reflect the official opinion of the Ministry of Foreign Affairs of the Netherlands.

21 September 2014 Presentation at a ministerial meeting on climate finance mobilisation in New York

Ministers and senior officials from over a dozen donor countries met in New York as part of the third meeting of the Climate Finance Mobilisation process. The process is an on-going dialogue on how to enhance and accelerate the scale up and mobilisation of climate finance for low-emission and climate-resilient activities in developing countries.

Along with public financial institutions (multilateral development banks, development finance institutions, and export credit agencies) that provided an update on their climate finance efforts, the Research Collaborative presented emerging findings from its technical work towards improved data and methods to estimate mobilised private climate finance.

A chair's summary of the meeting is available. Download the Research Collaborative presentation.

15 September 2014 Research Collaborative workshop in Paris

The event allowed participants to review the overall status of the Research Collaborative and of individual research activities, discuss the draft of the upcoming synthesis report of learnings to date, as well as view and prioritise options for future work. 53 participants attended from 11 research organisations, 8 development finance institutions, 16 country delegations, and the UNFCCC Secretariat.

10 July 2014 Release of the report “Exploring potential data sources for estimating private climate finance”

The report was authored by Randy Caruso and Raphaël Jachnik (OECD) as a core contribution to Work Stream 1 of the Research Collaborative: ‘Private climate finance mapping, data assessment and tracking methods’. It reviews a number of commercial and public data sources to examine their potential for increasing coverage and understanding of the volume and characteristics of private climate finance beyond renewable energy projects.

The analysis finds that the reviewed databases capture a vast amount of at least partial data on private finance, investment and instruments in climate-relevant sectors. It however also identifies and illustrates a number of limitations that complicate efforts to use these databases to meaningfully identify, isolate and characterise climate-specific private finance. Potential ways forward to mitigate, though not fully overcome these limitations are put forward for consideration by policy-makers and researchers.

Results from this analysis are being combined with findings from other completed and on-going research activities under the Research Collaborative towards the preparation of a synthesis report of learnings to date on methods to estimate mobilised private climate finance.

27 June 2014 Release of the report “Evaluating Methods to Estimate Private Climate Finance Mobilised from Public Interventions”

The study was authored by Aman Srivastava and Shally Venugopal, from the World Resources Institute (WRI). The analysis qualitatively tested a range of existing methodologies used to report private climate finance mobilised by public finance at the project level, and further investigated the mobilisation impacts of public interventions at the broader policy and market development levels. Challenges identified were then captured through the design of an analytical framework that aims to guide donors and reporting institutions in the development of more robust methodologies for measuring and reporting private climate finance mobilisation.

Results from this analysis will be combined with findings from other research activities under the RC towards the preparation of a synthesis report of learnings to date, intended to be published in advance of the 2014 UNFCCC Conference of the Parties in Lima, Peru.

8 June 2014 Presentation at a UNFCCC side event on the Biennial assessment and overview of climate finance flows, Bonn

The Research Collaborative, together with the OECD Development Assistance Committee, participated and presented at a side event hosted by the UNFCCC Standing Committee on Finance (SCF) during the Bonn Climate Change Conference. The purpose of the side event was for the SCF to provide an update on the progress made on the preparation of the first Biennial Assessment and Overview of Finance Flows, and to further engage with Parties and relevant stakeholders on ways to advance work in the area of climate finance tracking.

Download the joint Research Collaborative-OECD DAC presentation.

17 March 2014 Research Collaborative workshop in Paris

The workshop allowed participants to share and discuss emerging results as well as on-going research, ensure co-ordination across activities, discuss remaining research gaps, and consider outreach opportunities and needs for 2014. Download the introductory presentation which includes emerging common threads across research activities.

10 February 2014 Publication of the report “Practical Methods for Assessing Private Climate Finance Flows”

The study has been carried out by Gaia Consulting Ltd and the Overseas Development Institute (ODI) for NOAK, a working group for global climate negotiations under the Nordic Council of Ministers. The report illustrates a number of methodological options for measuring private flows mobilised by developed countries through their use of public finance instruments.

It will be complemented by other on-going activities under the Research Collaborative investigating broader approaches for estimating mobilised private climate finance arising from the use of both direct (finance) and indirect public interventions (such as policies), as well as underlying market conditions.

Download the report and view the full press release.

15 November 2013 Side event at the UNFCCC nineteenth session of the Conference of the Parties (COP19), Warsaw

The side event featured presentations and discussions of on-going activities and initial results, in particular on methods for measuring mobilisation of private climate finance. Read the programme and view the OECD introductory presentation as well as presentations made by Climate Bonds Initiative, the Zambia Institute for Environmental Management, the Overseas Development Institute and the World Resources Institute.

Further information about OECD at UN Climate Change Conference (13-21 November 2013).
17 September 2013 Research Collaborative workshop, Paris

The meeting allowed participating researchers, development finance institutions and government delegations to both review the status of the project including joint research proposals and on-going work under each work stream, as well as to ensure co-ordination across research activities towards the targeted cohesive outputs.

12 June 2013 Research Collaborative meeting, Bonn

The meeting took place on the margins of the UNFCCC conference and negotiations. It allowed participants to jointly review progress made to date and discuss key next steps.

10 April 2013 Meeting of the European Commission’s Economic Policy Committee, Brussels

The project was presented to EC staff and EU countries delegates to the Working Group on Energy and Climate Change, as part of their discussions on the role of private finance for climate action.

18 March 2013 Research Collaborative workshop, Paris

The aim of this researchers’ focused workshop was to generate a collaborative work plan by breaking down the overarching work streams into project activities for consideration by donors.

13-14 February 2013 Research Collaborative workshop, Paris

This kick-off workshop allowedto discuss and review the objectives, scope, research questions, work streams and governance of the Research Collaborative.


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