Financing Climate Action in Eastern Europe, the Caucasus and Central Asia
This report aims to shed light on how EECCA countries and development co-operation
partners are working together to finance climate actions, using the OECD DAC database
to examine finance flows by provider, sector, financial instrument, channel, etc.
A significant amount was committed by international public sources to the 11 countries
comprising the EECCA in 2013 and 2014 (i.e. USD 3.3 billion per year), but the scale
of such finance varies considerably from country to country and is insufficient to
achieve and strengthen their climate targets communicated through the Intended Nationally
Determined Contributions COP21.
In addition, while a range of climate-related policies have already been developed
by the EECCA countries, the extent to which such policies are being effectively implemented
and conducive to attracting climate finance is still unclear. In this respect, this
report proposes a set of questions for the EECCA countries to self-assess their readiness
to seize opportunities to access scaled-up climate finance from various sources: public,
private, international and domestic.
Published on November 23, 2016Also available in: Russian
In series:Green Finance and Investmentview more titles