International climate finance is set to increase substantially throughout this decade: international finance from a wide variety of sources, both public and private, and towards climate change adaptation and mitigation will have to increase tenfold from Fast-Start Finance levels of USD 30bn over 2010-12 to reach the goal of mobilising jointly USD 100 billion per year by 2020.
The potential scale of this funding makes the effectiveness of its delivery, use and measurement critical not only for the impact of targeted mitigation and adaptation measures, but also for poverty reduction and broader development outcomes. Ensuring the development effectiveness of climate finance was laid out as a development objective in the 'Busan Partnership for Effective Development Co-operation' in Busan, South Korea, December 2011.
The Busan Partnership for Action on Climate Change Finance and Development Effectiveness is a voluntary partnership to promote coherence and collaboration across the climate and the development communities. Under this partnership the OECD, UNDP and 27 other institutions and countries are working together to apply lessons from development co-operation to the management of climate finance.
A Global Forum on Using Country Systems to Manage Climate Change Finance (December 2013, Rep. of Korea), organised by the Korean Ministry of Strategy and Finance and the United Nations Development Programme (UNDP) in collaboration with the Organisation for Economic Co-operation and Development (OECD) and IBON International.
The forum will bring together 150 participants including government officials from Ministries of Finance, Planning, Environment and Local government as well as technical practitioners, Civil Society Organisations and development partners. The discussion will focus on managing climate change finance from both domestic and international sources.
Background on the Partnership
The Busan Partnership for Action on Climate Change Finance and Development Effectiveness is a voluntary partnership to promote coherence and collaboration across the climate and development communities. Under this partnership the OECD, UNDP and 27 other institutions and countries are working together to apply lessons from development co-operation to the management of climate finance. As a result, collective support is provided to develop national capacities and country systems in order to effectively allocate, manage and track domestic and international climate finance in partner countries. Successful practices and country examples are shared amongst members of the Partnership through regional and international events and online platforms.
Who is in the Partnership?
As of February 2013, 27 countries and institutions are supporting the Partnership.
OECD countries: Australia, Belgium, Denmark, European Commission, Korea, Mexico, New Zealand, Norway, Switzerland
Partner Countries: Bangladesh, Bolivia, Cameroon, Fiji, Honduras, Indonesia,Kenya, Lesotho, , Peru, Samoa, Tanzania, Uganda and Vietnam, Zambia
Civil Society and Intergovernmental Organisations : Better Aid, Pacific Island Secretariat, UNDP, OECD
Regional Networks and In-depth Analysis
Supporters of the Partnership are working together and across the Asia-Pacific, Africa and Latin America and Caribbean regions.
in 2010, OECD and the African Development Bank commissioned country case studies on climate change finance management in six African countries (Cameroon, Ghana, Kenya, Morocco, Tanzania, South Africa).
These reports provided input to a regional dialogue in Nairobi, with broad participation from African governments, development partners, civil societies and media.
The dialogue concluded in The Nairobi Call for Action on Climate Change Finance and Development Effectiveness: An African Approach to accountable and effective climate finance.
A Synthesis Report on the six African case studies is available in English and French.
Regional dialogues took place in Asia and the Pacific in 2010 and 2011, co-ordinated by the Capacity Development Facility for Development Effectiveness (CDDE).
The first dialogue brought together key partner country and donor representatives, and resulted in the Bangkok Call for Action. Five country case studies from Bangladesh, Cambodia, Indonesia, the Philippines and Vietnam and a synthesis report were prepared as inputs to this dialogue.
The second dialogue took place in 2011 and resulted in a roadmap for a country-led climate finance management in Asia and the Pacific.
Most recently, the UNDP and ODI completed Climate Public Expenditure and Institutional Reviews (CPEIRs) in Bangladesh, Cambodia, Nepal, Samoa and Thailand. A summary workshop was organised in Bangkok in September 2012.
Latin America and Caribbean
With the leadership of the Government of Honduras, a regional dialogue took place in Tela in May 2012.
Partner countries, development co-operation providers and civil society organisations attended the dialogue to share country experience and to work together towards a regional implementation plan.