Tracking finance flows towards environmental objectives is key to monitor progress and hold countries to account on their commitments – such as the UNFCCC commitment on the part of developed parties of mobilising jointly USD 100 billion per year by 2020 from a wide variety of sources, public and private, to support mitigation and adaptation in developing countries.
Improved climate and environment aid statistics also serve a much greater purpose. We can be more effective with our money with better information on the allocation of finance - ensuring it goes to where there is need and where there may be greatest impact. Additionally, through tracking we can incentivise and encourage environmental issues to be considered and mainstreamed into development practice.
Key principles we need to draw on for an integrated tracking system are: consistent definitions, clear methodologies, robust and integrated data management systems, and transparency to ensure greater scrutiny and greater accountability.
The Environment and Rio Markers
Currently, five environment–related markers exist to monitor aid for environmental purposes within the OECD DAC statistical system. Markers for climate change adaptation, mitigation, biodiversity, and desertification are referred as “Rio Markers”, because they are directly relevant to the objectives of Rio Convention – namely UNCBD, UNCCD and UNFCCC. In addition, the DAC holds statistics on key sectors relevant to environment.
Joint ENVIRONET and WP-STAT Task Team to Improve Rio Markers, Environment and Development Finance Statistics
DAC members in November 2013 established the Joint ENVIRONET and WP-STAT Task Team to Improve Rio Markers, Environment and Development Finance Statistics.
The overarching goal of the Task Team is to ensure that DAC methodologies and data remain the reference for the international community in measuring Official Development Assistance (ODA) and non-export credit Other Official Flows (OOF) related to climate change, biodiversity, desertification and other environmental concerns.
The Task Team will seek to achieve this goal in several ways, notably:
i. Facilitating improved use and understanding of the Rio markers through greater communication and outreach
ii. Scoping and reviewing options to improve the quality and robustness of the Rio markers and their implementation, where practical and feasible;
iii. Supporting international communities to clarify their information needs and to use or to build on the existing DAC data and systems, avoiding the need for duplicative systems; and
iv. To increase transparency and support greater accountability in reporting against the Rio Conventions (the UN Framework Convention on Climate Change (UNFCCC), UN Convention on Biological Diversity (UNCBD) and UN Convention to Combat Desertification (UNCCD)).
Please contact the OECD Secretariat for further details:
Stephanie.Ockenden@OECD.org and Valerie.Gaveau@OECD.org
- OECD-CPI Consultation on Development and Climate Change, Session on Tracking Climate Finance, November 2013, Warsaw, Poland
- Joint ENVIRONET and WP-STAT Working Session with IFIs and DFIs on Alternative Approaches to Track Climate Finance, 16 September 2013, Paris, France
- Joint ENVIRONET and WP-STAT Workshop on Rio Markers, Climate and Development Finance Statistics, 24-25 June 2013, Paris, France
- Joint ENVIRONET and WP-STAT Workshop with International Financial Institutions (IFIs) on Tracking Climate Finance, February 2013, Paris, France
- OECD Submission to UNFCCC Standing Committee on Finance, January 2014
- Understanding climate change finance flows and effectiveness - mapping of recent initiatives, Bird et al., Updated December 2013
- OECD DAC Statistics on Aid to Biodiversity, December 2013
- OECD DAC Statistics on Climate-related Aid, November 2013
- OECD DAC Statistics on Aid to Climate Change Adaptation, November 2013
- OECD DAC Statistics on Aid to Climate Change Mitigation, November 2013
- OECD Submission to UNFCCC Standing Committee on Finance, July 2013
- A Post-2015 Information System for International Development and Climate Finance, DCD Background Research Paper submitted to UN Post-2015 High Level Panel, May 2013