1887

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

.

Scaling-up finance to support climate actions in EECCA countries

This chapter provides an overview of 11 countries of Eastern Europe, the Caucasus and Central Asia (EECCA), which are the scope of this report, in terms of their economies, populations and climate change related targets. This chapter also summarises the intended nationally determined contributions that the EECCA countries submitted in time for the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC). Finally, this chapter outlines a set of recommendations for policy development that the EECCA countries and their development co-operation partners could pursue to scale-up finance for climate finance in the region, based on the results of the analysis detailed in Chapters 2, 3 and 4.

English

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