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Biennial Assessment and Overview of Climate Finance Flows

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The pdf-icon 2014 Biennial Assessment and Overview of Climate Finance Flows Report (5351 kB) , the pdf-icon Summary and Recommendations by the Standing Committee on Finance on the 2014 biennial assessment and overview of climate finance flows (169 kB) and the pdf-icon Note of Clarification (202 kB) are now available.


Background

One of the functions of the Standing Committee on Finance is to assist the COP with respect to the measurement, reporting and verification of the support provided to developing country Parties through activities such as the preparation of the BA. The COP requested the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows (decision 2/CP.17, paragraph 121(f)). Subsequently, the COP requested the Standing Committee on Finance to consider:

  • Relevant work by other bodies and entities on the MRV of support and the tracking of climate finance (decision 1/CP.18, paragraph 71);
  • Ways of strengthening methodologies for reporting climate finance (decision 5/CP.18, paragraph 11);
  • 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 (decision 3/CP.19, paragraph 11).

Activities in the framework of the second biennial assessment and overview of climate finance flows  NEW

The preparation of the second biennial assessment and overview of climate finance flows involves meta-data and information gathering from multiple sources, which in turn informs the work of the Standing Committee on Finance.

At the technical level, the work combines literature review with virtual and in-person technical meetings involving international financial institutions and other organizations involved in climate finance tracking and reporting.

External contributors providing inputs in the preparation process include international financial institutions and other organisations that produce and aggregate data on climate finance flows such as multilateral development banks, development finance institutions, international organisations, research institutions and think tanks, private sector financial institutions, academia, civil society organisations.

The literature review for the second biennial assessment and overview of climate finance flows is organised in four research tracks. Each track conducts research and gathering of data sets from primary and secondary data providers.

  • Research track I: This track reviews ongoing efforts aimed at improving tracking and reporting of climate finance flows, including improvement in the use of operational definitions of climate finance.
  • Research track II: This track collects data sets and any other relevant quantitative and qualitative information on climate finance flows for the period 2013-2014.
  • Research track III: This track carries out research to inform the assessment of climate finance flows.
  • Research track IV: This track focuses on cross-cutting issues and undertakes research to address them in a coherent and comprehensive manner in the biennial assessment and overview of climate finance flows.

Indicative timeline for the preparation of the second biennial assessment and overview of climate finance flows:
Key events

Key events




SCF
12

SB
44


SCF
13
(tbc)


SCF
14
(tbc)


COP
22


Key Deliverables
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Literature Review and Data Collection











Drafting of technical report











Fact-checking and editing of technical report











Publication and roll-out of the BA











The preparation of the second biennial assessment and overview of climate finance flows will include two technical meetings. The first technical meeting will take place on 8 April 2016, back-to-back with the eleventh meeting of the SCF taking place 6-7 April in Bonn. The provisional programme of the first technical meeting can be found pdf-icon here (498 kB)


Activities in the framework of the first biennial assessment and overview of climate finance flows (2014)

Submissions by Parties

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.

Submissions by external contributors

External contributors including organisations that follow the work of the Standing Committee on Finance such as multilateral development banks, development finance institutions, international organizations, research institutions and think tanks, private sector financial institutions, academia, civil society organizations, provided inputs to the technical work on the preparation of the first BA.

Technical Work

Technical meetings of key stakeholders formed an integral part of the preparation process of the first biennial assessment and overview of climate finance flows. These meetings were organised in conjunction with Standing Committee on Finance meetings and focused on a specific set of topics.
  • The pdf-icon first technical meeting (269 kB) was held on 6 March, 2014. This meeting examined issues relating to comparability of climate finance definitions and methodologies for measuring, reporting, and verifying different types of financial flows. It also addressed needs for data on current climate finance flows.

    pdf-icon List of Participants (230 kB)
  • The pdf-icon second technical meeting (158 kB) was held on18 June, 2014. This mini-workshop focused on assessment of climate finance flows. Participants also exchanged views on data needs in the future, and ways to improve data availability, quality and coverage.

    pdf-icon List of Participants (220 kB)

The technical work culminated in a technical report and recommendations of the Standing Committee on Finance to COP 20.


Side events aimed at enhancing transparency and inclusiveness

Side event at COP 20

During COP 20, a side event on the first biennial assessment and overview of climate finance flows of the Standing Committee on Finance took take place on 3 December 2014.

pdf-icon Programme (205 kB)
pdf-icon Presentation (635 kB)

Side event at SBs40

During the fortieth session of the Subsidiary Bodies, the Standing Committee on Finance organised a side event entitled "Biennial assessment and overview of financial flows - update of the work of the Standing Committee on Finance and inputs from collaborating institutions". This event gave the opportunity to the Standing Committee on Finance 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.

pdf-icon Programme (146 kB)
pdf-icon Presentation (146 kB)


Media

A press conference on the first biennial assessment and overview of climate finance flows was held on Wednesday 11:30-12:00 (Lima time) in Press Room 1.

Please click here to watch the live broadcast of the press conference.


Sources of data on climate finance

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