The OECD study "Climate Finance in 2013-14 and the USD 100 billion goal", in collaboration with Climate Policy Initiative, provides an up-to-date estimate of public and private climate finance mobilised by developed countries towards their UNFCCC 2010 Cancun commitment, for climate action in developing countries. Public and private finance mobilised were estimated at USD 62 billion in 2014, up from USD 52 billion in 2013 and making an average of USD 57 billion annually over the 2013-14 period. These estimates comprise public finance provided by donor governments through various instruments and institutions, including non-concessional loans. It also includes private funding for climate-related projects that has been directly mobilised by developed country public financial interventions. There is an acknowledgement of the important role played by capacity building and policy related interventions as well as enabling environments, although it is an outstanding challenge to account for these in quantitative terms. Public finance, either bilateral or multilateral, accounted for more than 70% of the flows during 2013-14, while mobilised private finance made up more than 25% and export credits the remainder. Over three-quarters of total estimated climate finance was to support mitigation activities, with about one sixth going to support adaptation and a small share targeting both. The report was launched by the OECD Secretary-General during the Lima climate finance meetings in the margins of the 2015 World Bank-IMF assemblies. DOWNLOAD THE STUDY (pdf versions) in the following languages: ENGLISH FRENCH SPANISH

summary

Event and speech

• OECD at #COP21 | 2015
• Mobilising climate finance for development action, Statement by Angel Gurría, OECD Secretary-General | 2015
  
  

Objective and background on the project 

The estimate of climate finance was prepared at the request of the Peruvian and French governments in the context of their responsibilities as the current and incoming presidencies of the UNFCCC Conference of Parties (COP). Climate finance flows are an important element of the negotiations in the lead up to COP21 in Paris, where countries are expected to finalise a new universal agreement on responses to climate change beyond 2020. 

Released in advance of COP21 to increase transparency about progress towards the USD 100 billion goal, the report builds on other recent international efforts to improve the tracking of climate finance, including by the UNFCCC Standing Committee on Finance. The lessons learned from conducting this exercise may be helpful in informing efforts to further improve the transparency and comprehensiveness of climate finance measuring, tracking and reporting.

key links

OECD

• Attribution of multilateral climate finance in the report "Climate Finance in 2013-14 and the USD 100 billion goal" - Explanatory note
• Climate Finance Provided and Mobilised by Developed Countries in 2013-18, 2020
• Climate Finance Provided and Mobilised by Developed Countries in 2013-17, 2019
• 2020 Projections of Climate Finance Towards the USD 100 Billion Goal: Technical Note, 2016
• OECD Statistics on External Development Finance Targeting Environmental Objectives Including the Rio Conventions
• Research Collaborative on Tracking Private Climate Finance
• Climate Change Expert Group (CCXG)

CPI

• Climate finance: Climate Policy Initiative (CPI)
• Climate Finance Landscape

UNFCCC

• United Nations framework Convention on Climate Change - Focus on Climate Finance
• Biennial Assessment and Overview of Climate Finance Flows

FURTHER OECD work on climate

• Climate lecture: What’s changed, what hasn’t and what we can do about it: Six Months to COP21, by OECD Secretary-General Angel Gurría at the London School of Economics, 2015   
• Financing climate change action
• Aligning Policies for a Low-carbon Economy
  
  

Why the OECD and CPI?

The OECD has extensive experience and expertise in tracking and measuring climate-related development finance, both through the OECD Development Assistance Committee (DAC) statistical framework and the OECD-hosted Research Collaborative on Tracking Private Climate Finance. Climate Policy Initiative brings substantial knowledge on the overall landscape on climate finance, and since 2011 has worked at the forefront of efforts to systematically track global climate finance, and to address related methodological and definitional issues.

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