OECD/IEA Climate Change Expert Group Papers
This series is designed to make available to a wider readership selected papers on climate change issues that have been prepared for the OECD/IEA Climate Change Expert Group (CCXG). The CCXG (formerly called the Annex I Expert Group) is a group of government delegates from OECD and other industrialised countries. The aim of the group is to promote dialogue and enhance understanding on technical issues in the international climate change negotiations. CCXG papers are developed in consultation with experts from a wide range of developed and developing countries, including those participating in CCXG Global Forums.
The full papers are generally available only in English.
The opinions expressed in these papers are the sole responsibility of the author(s) and do not necessarily reflect the views of the OECD, the IEA or their member countries, or the endorsement of any approach described therein.
- ISSN: 2227779X (online)
- https://doi.org/10.1787/2227779X
Exploring Climate Finance Effectiveness
Ensuring that climate finance is used effectively will help to maximise its impact. The effectiveness of climate finance can be defined as the extent to which an activity attains its stated aims. These aims can vary, depending on the source of climate finance and how it is channelled. There are therefore different views on what “effective” climate finance is, as well as on how this effectiveness can be assessed. This paper explores how different communities view climate finance effectiveness; the policies or institutional pre-conditions that facilitate effectiveness; and how effectiveness is currently monitored and evaluated. The paper concludes by discussing the conflicts and trade-offs encountered in assessing effectiveness and a possible way forward in balancing multiple views and priorities.
Keywords: climate finance effectiveness, aid effectiveness, monitoring and evaluation, mobilise
JEL:
G23: Financial Economics / Financial Institutions and Services / Non-bank Financial Institutions; Financial Instruments; Institutional Investors;
F21: International Economics / International Factor Movements and International Business / International Investment; Long-Term Capital Movements;
O44: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Environment and Growth;
Q56: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth;
Q54: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Climate; Natural Disasters and Their Management; Global Warming;
F65: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Finance;
F35: International Economics / International Finance / Foreign Aid;
F55: International Economics / International Relations, National Security, and International Political Economy / International Institutional Arrangements;
F64: International Economics / Economic Impacts of Globalization / Economic Impacts of Globalization: Environment;
O2: Economic Development, Innovation, Technological Change, and Growth / Development Planning and Policy
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