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Environnement

Climate Finance Provided and Mobilised by Developed Countries in 2013-17

Published on September 13, 2019

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This report presents OECD estimates of annual volumes of climate finance provided and mobilised by developed countries for developing countries in 2013-17. These estimates include bilateral and multilateral public finance, official-supported export credits and mobilised private finance. The underpinning accounting framework is consistent with the one used by the OECD in 2015 to produce estimates of climate finance for the years 2013-14, as well as that used in 2016 to produce 2020 climate finance projections. Furthermore, it is also consistent with the outcome of the UNFCCC COP24 on modalities for the accounting of financial resources provided and mobilised through public interventions.

 

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.

Press release

Key relevant OECD reports

Further OECD work on tracking climate finance