Financing Climate Action in Eastern Europe, the Caucasus and Central Asia

image of 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.

English Russian


Assessing readiness to access climate finance

Enhancing “readiness” of the countries of Eastern Europe, the Caucasus and Central Asia (EECCA) to access scaled-up international climate finance is essential to accelerate their transition towards low-carbon and climate-resilient economies. This chapter explores ways in which the EECCA countries and their partners can first assess the countries’ readiness to access climate finance, and then identify possible areas for improvement. Based on the review of existing climate finance readiness programmes implemented by several development co-operation partners, this chapter outlines key questions to assess the EECCA countries’ climate finance readiness. These questions fall into the following four categories: (a) planning targets, strategies and policies; (b) building institutional capacities; (c) developing programmes and projects; and (d) implementing, monitoring, evaluating and learning.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error