Published on September 13, 2019
The report was prepared by the OECD, in response to a request by developed countries to help them better understand public climate finance trends.
OECD analysis shows that climate finance provided and mobilised by developed for developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016. While the 2016 and 2017 totals cannot be directly compared with estimates for earlier years due to improvements in data and methodology relating to private finance, the overall trend is upwards. The report provides further break downs per theme, financial instruments and regions, as well as provides information on methodologies and data.
The 2017 and 2016 public climate finance figures are broadly consistent with a linear pathway to the level of public climate finance from developed countries that the OECD has previously projected would be reached in 2020, i.e. USD 66.8 billion in 2020, excluding export credits. Estimates of private finance in 2016-17 suggest that more needs to be done. Achieving a given level of total climate finance in 2020 requires continued efforts to scale up public finance and improve its effectiveness in mobilising private finance.