OECD Climate Change

Research Collaborative on Tracking Finance for Climate Action

Finance plays a critical role in meeting climate policy goals, as called for by Article 2.1c of the Paris Agreement to make finance flows consistent with a pathway towards lowering greenhouse gas emissions and climate-resilient development. To achieve this, policy makers require robust finance-related metrics and indicators to assess progress and the credibility thereoff, as well as to effectively incentvise investment and financing to reduce emissions and enhance resilience.

Our work

The OECD Research Collaborative is a network of governments, research organisations and finance providers, designed to serve as a platform for identifying research priorities, sharing information, linking together disparate research outputs, and communicating results to raise awareness. This stream of work addresses key technical and policy relevant issues relating to assessing the consistency of finance with climate policy goals, including:

  • In-depth analyses and pilot studies to explore definitions, data, methodologies and their applications, covering both the mitigation- and resilience-related provision of Article 2.1c of the Paris Agreement, real-economy investments and the financial system as well as their interlinkages, financial flows and stocks.

  • Workshops and stakeholder engagement bringing together climate and financial policy makers, investors and financial institutions, researchers, data and assessment methodology providers, to share best practices and remaining research gaps, as well as facilitate relevant collaboration.

Read our brochure to find out more.


Scenarios for net zero: From global consistency to sectoral and geographical circumstances

23 November 2023 | OECD COP28 Virtual Pavilion

This session presented a framework to assess the consistency of mitigation scenarios with the Paris Agreement and discussed the scope, granularity, assumptions and uncertainities of scenarios used to inform climate ambition and action. The panel involved representatives from the climate science, climate policy and corporate communities, to enhance understanding on opportunities for policy makers as well as non-state and private actors to contribute to improved use of scenarios.

The replay is available here and the opening presentation can be downloaded here.

The use of climate change mitigation scenarios for financial sector target setting, transition planning and alignment assessment

2 October 2023 | OECD Forum on Green Finance and Investment

This session discussed the consistency with the Paris Agreement of climate change mitigation scenarios currently used in finance, their scope and granularity, as well as opportunities for improved design and use of such scenarios. The panels involved experts across the scientific, research, climate and financial communities, with the aim to share best practices and experiences, thereby contributing to bridge remaining knowledge and coordination gaps.

The replay is available here and the opening presentation can be downloaded here.

Workshop on metrics for Climate Transition and Net-Zero GHGs in Finance: Supporting climate policy goals and avoiding greenwashing

22 February 2023 | OECD, Paris

An increasing number of financial sector initiatives are supporting the alignment of finance with the Paris Agreement and net-zero goals by encouraging action, designing alignment frameworks and assessment methodologies, developing metrics, and promoting improved reporting and data availability. The emergence and diversity of such initiatives implies a need for further co-ordination and an improved common understanding on the range of potential metrics and indicators. This OECD workshop, which gathered about 100 in-person participants and close to 300 virtual participants, contributed to this process. Discussions focused on if and how such metrics and indicators contribute to assessing progress in the financial sector towards climate mitigation policy goals. The event also focused on the issue of climate integrity and impacts in terms of GHG emission reductions in the real economy.


Our work is supported financially by the following OECD delegations:


Contact us

For more information, please contact us at [email protected]