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Biennial assessment and overview of climate finance flows 2014

Background

At the seventeenth session of the Conference of the Parties (COP), Parties mandated the Standing Committee on Finance (SCF) to prepare a biennial assessment and overview of climate finance flows, to include information on the geographical and thematic balance of such flows, drawing on available sources of information, including national communications and biennial reports of both developed and developing country Parties, information provided in the registry, information provided by Parties on assessments of their needs, reports prepared by the operating entities of the financial mechanism, and information available from other entities providing climate change finance.

At COP 18, Parties further requested the SCF, in preparing the first biennial assessment and overview of financial flows, to consider ways of strengthening methodologies for reporting climate finance and to take into account relevant work by other bodies and entities on the measurement, reporting and verification (MRV) of support and the tracking of climate finance.

Additionally, at COP 19, the SCF was requested, in the context of the preparation of its biennial assessment and overview of climate finance flows, to consider ongoing technical work on operational definitions of climate finance, including private finance mobilized by public interventions, to assess how adaptation and mitigation needs can most effectively be met by climate finance.

Developed country Parties were invited to submit to the secretariat, by May 2014, information on the appropriate methodologies and systems used to measure and track climate finance.


Update

Following its mandates, the SCF has developed pdf-icon a timeline as well as the objective and scope of the first biennial assessment and overview of climate finance flows (89 kB) based on which it will conduct the actual assessment in 2014. The SCF has also developed pdf-icon a proposed outline for the biennial assessment and overview of climate finance flows. Relevant SCF meeting background documents with regards to the biennial assessment and overview of climate finance flows can be found here, which served as basis for the SCF discussions on this topic.


Side event         New!   

During the fortieth session of the Subsidiary Bodies, the SCF will organize a side event on Sunday 8 June from 13:15 to 14:45: "Biennial assessment and overview of financial flows - update of the work of the SCF and inputs from collaborating institutions". This event will give the opportunity to the SCF to both provide an update on the progress made for the preparation of the first BA, and to further engage with Parties and all relevant stakeholders on ways to advance the work. More information will be provided soon.

pdf-icon Programme (146 kB)

pdf-icon Presentation (146 kB)


Submissions

In the beginning of 2014, the SCF invited inputs from interested stakeholders to support its work on the biennial assessment and overview of climate finance flows in general, as well as on the objective, scope and proposed outline of the biennial assessment and overview of climate finance flows in particular. More specifically, the SCF invited interested stakeholders to provide information on the following topics:

  • Comments on the draft outline of the report: Are there any missing elements/aspects?
  • Contributions for the overview section of the report (data, recent and upcoming reports, on-going research);
  • Criteria for assessment: against which criteria the finance flows should be assessed and how this assessment should be done;
  • Ideas for strengthening methodologies for measuring, reporting and verifying climate finance;
  • Technical and analytical studies on definitions of climate finance;
  • Finance needs, including finance for technology, capacity building, forestry, adaptation and mitigation, and readiness to receive climate finance;
  • Assessment of experience in mobilizing private funds using public finance;
  • Analyses of the experience of fast start finance;
  • National approaches to estimate domestic (budgetary) expenditure for climate change.



Submissions received by the Standing Committee on Finance as at 5 February 2014*
Document
Submitted by
Date
pdf-icon CICERO Input to UNFCCC Standing Committee on Finance (83 kB) CICERO 9/1/2014
pdf-icon Adaptation Fund submission to the Standing Committee on Finance (80 kB)
pdf-icon The Operational policies and guidelines of the Adaptation Fund (242 kB)
pdf-icon The situation, as of January 2014, of accredited national, regional and multilateral implementing entities accredited for the Adaptation Fund (65 kB)
pdf-icon The Annual Performance Report of the Adaptation Fund for the Fiscal Year 2013 (288 kB)
pdf-icon An excerpt of the first annual performance report of the Adaptation Fund (AFB/EFC.7/4.Rev.2): Reporting Process Requirements (103 kB)
pdf-icon Adaptation Fund experience with involvement of the private sector in project implementation: select examples (64 kB)
Adaptation Fund Board secretariat
17/1/2014
pdf-icon Joint Report on MDB Climate Finance 2012 (683 kB)
AfDB Climate Finance Tracking page with copies of reports and methodologies
European Bank for Reconstruction and Development
20/1/2014
pdf-icon CPI submission (115 kB)
CPI
20/1/2014
pdf-icon Report on the green finance mappings of national and regional development
banks by the International Development Finance Club (IDFC) 2012

pdf-icon Report on the green finance mappings of national and regional development
banks by the International Development Finance Club (IDFC) 2013

pdf-icon Business model framework of the Green Climate Fund (GCF)
Technical papers on the design of the GCF and on further specific sub-sectoral instruments
KfW Development Bank
20/1/2014
pdf-icon GEF Secretariat response (154 kB)
Global Environment Facility
20/1/2014
pdf-icon Adaptation Finance - How can Private Sector play for Adaptation Finance (1788 kB) Takashi Hongo
20/1/2014
pdf-icon Submission to SCF: Biennial Assessment & Overview of Climate Finance Flows, 20 January 2014 (476 kB)
Friends of the Earth U.S., Heinrich Böll Stiftung North America, Institute for Policy Studies, Interamerican Association for Environmental Defense, Jubilee South – Asia/Pacific Movement on Debt and Development, Pacific Environment and Third World Network
20/1/2014
pdf-icon OECD submission to the UNFCCC Standing Committee on Finance, 20 January 2014 (812 kB) OECD
20/1/2014
pdf-icon AGENCE FRANCAISE DE DEVELOPPEMENT
Inputs to the Standing Committee on Finance
regarding climate finance flows tracking options
(296 kB)
pdf-icon AFD Group's related climate activity 2012 (339 kB)
pdf-icon Mapping of green finance delivered by IDFC members in 2012 (2518 kB)
AFD
21/1/2014
pdf-icon Publications by the World Resources Institute in response to SCF request for inputs (141 kB)
WRI
23/1/2014
pdf-icon Links relevant for the SCF (68 kB)
ADB
24/1/2014
pdf-icon IGES Submission to the Standing Committee on Finance: Climate Finance Trends in Asia (310 kB)
Climate and Energy area of IGES: relevant reports on FSF and the FSF database
IGES
31/1/2014
pdf-icon Submission on Biennial Assessment and Overview of Financial Flows (281 kB)
pdf-icon Climate Change Financing Requirements of Developing Countries
(387 kB)
South Centre
5/2/2014


Submissions received following calls for input by the Standing Committee on Finance in 2013

In 2013, the SCF also called for submissions on elements to be taken into account for the development of a work programme on measurement, reporting and verification of support and the conduct of the biennial assessments and overview of climate finance flows in 2014.


Submissions received as at 31 July 2013*
Document
Submitted by
Date
pdf-icon Submission CPI (799 kB) Climate Policy Initiative 29/7/2013
pdf-icon Submission Germanwatch (202 kB)
Germanwatch 30/7/2013
pdf-icon Submission Haites (125 kB) Erik Haites, Margaree Consultants Inc. 31/7/2013
pdf-icon Submission OECD (218 kB) OECD 31/7/2013
pdf-icon Submission IAETA (146 kB) IAETA 31/7/2013
pdf-icon Submission CIF (193 kB) CIF 31/7/2013
pdf-icon Submission BlindSpot Think Tank (70 kB) BlindSpot Think Tank 31/7/2013



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