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Practical Methods for Assessing Private Climate Finance Flows

image of Practical Methods for Assessing Private Climate Finance Flows

In spite of the climate finance commitment by the developed countries to mobilise jointly 100 billion USD per year by 2020 to address the needs of developing countries from a wide variety of sources, there is no clear agreement on the types of funds that might count as mobilised by developed countries and what private finance flows could be considered as mobilised for climate action in developing countries. This study identifies ten considerations that are key to estimating mobilised private climate finance. An example methodology is proposed for tracking mobilised private investment and the methodology is tested on three Nordic case studies. Through the further refinement of methodologies, it should be possible to develop common systems for M&E of finance enabling a clearer understanding of the finance landscape and the effectiveness of interventions for mobilising private investment.

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Case studies from the Nordic countries

Based on interviews completed as part of this study, it can be seen that the importance of tracking climate finance is increasingly recognized across the Nordic countries. The tracking approaches and the level of systematisation still vary considerably between countries and organisations, as well as in some cases within organisations that provide and channel public climate finance to developing countries.11 Also, if tracking of mobilised climate finance is undertaken, it rarely distinguishes between public and private funding – in some cases it is not within the mandate or of immediate interest of the respective organisation, or there are no resources or capacities for tracking.

English

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