OECD Climate Change

Aligning finance and investment for climate action

The OECD is building on its broad range of expertise to support the alignment of all forms of finance with the objectives of the Paris Agreement and with broader sustainability goals, across the finance, investment and development finance communities. This includes a particular focus on sustainable finance for developing countries, green public procurement, and a focus on supporting private sector-led action on climate change.

Climate finance

Annual climate finance provided and mobilised by developed countries for developing countries.

The OECD presents aggregate trends of annual climate finance provided and mobilised by developed countries for developing countries for the period 2013-21. It includes breakdowns by climate theme, sector, financial instrument and region for the period 2016-21. The report also provides key recommendations for international providers to increase financing for adaptation and more effectively mobilise private finance for climate action, which are both key policy priorities and current bottlenecks.

Released on 16 November 2023: Climate Finance Provided and Mobilised by Developed Countries in 2013-2021: Aggregate Trends and Opportunities for Scaling Up Adaptation and Mobilised Private Finance.

Driving transformative change in the financial system

Finance mechanisms

Subnational Government Climate Finance

Given the urgency of the climate crisis, it is more important than ever to improve our understanding of the financial role of subnational governments in the transition. The OECD is tracking progress in regions and cities and identifying areas where further action is needed.

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Blended finance

Blended finance is an innovative approach for donor governments, development co-operation agencies, philanthropies and other stakeholders, to attract commercial capital towards projects that contribute to sustainable development, while providing financial returns to investors.

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Institutional investment

Building green is imperative to achieve global climate and development commitments. Private investment in particular is needed to bridge the infrastructure investment gap, given institutional investors’ large pools of long-term capital. Where do investments stand today?

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Environmental, Social and Governance investing

A growing number of institutional investors and funds now incorporate various ESG investing approaches, spurred by shifts in demand for better alignment between societal values and long-term financial value.

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