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TRANSCRIPT
CLIMATE FINANCE IN 2013-14 & THE USD 100 BILLON GOAL
A report by the OECD in collaboration with Climate Policy Initiative (CPI),
At the request of the incoming and current UNFCCC
COP Presidencies, France and Peru
Presentation to ENVIRONET-WP-STAT Task Team, Monday 2nd November
Ms. Stephanie Ockenden, Lead Analyst and Project Manager (OECD)
Headline results
Data highlights
Accounting framework Data coverage and consistency Expected reporting to UNFCCC MDB attribution
Key lessons
MOBILISED CLIMATE FINANCE ….
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The aggregate volume of public and private climate finance
mobilised by developed countries for developing countries:
Public, 71%
USD 40.7 bn
Private, 26%
USD 14.7 bn
Comprehensive (though preliminary) figures for public climate finance in 2013 and 2014.
Preliminary partial estimates of mobilised private climate finance.
Transparency by breaking down climate finance by source
Transparency in outlining the accounting framework, working classifications and methodological approaches
Reflects on, as far as possible, common methodology of a group of 19 bilateral climate finance providers on their common understanding of the scope of mobilised climate finance.
Multilateral public and private flows are not counted in their entirety, rather, a share is attributed to developed economies.
DATA AND METHODOLOGICAL HIGHLIGHTS:
Headline results
Data highlights
Accounting framework Data coverage and consistency Expected reporting to UNFCCC MDB attribution
Key lessons
ACCOUNTING FRAMEWORK & WORKING
CLASSIFICATIONS
Example of working classifications and definitions:
• Classification of “developed country” providers
• Classification of “developing country” recipients
• Climate Definitions
DATA COVERAGE AND CONSISTENCY
Source Average 2013-14 Coverage of data Consistency of
data
Public
Bilateral 22.8
Multilateral 17.9
Export Credits 1.6
Mobilised Private 14.7
Aggregate 57.0
Climate finance mobilised from developed countries for developing countries (USD billion)
Source: OECD analysis
Complete Comprehensive Partial Very partial Unavailable
Consistent Broad
Convergence
Partial
convergence
Variety of
approaches Unclear
Improvements in transparency of bilateral
public finance reported to the UNFCCC:
Bilateral Public Climate Finance, 2011-14 by finance source (USD billion)
Multilateral Finance Attribution:
• MDB financing draws on retained earnings and leveraging of
money from global capital markets on the basis of their
capital, which is typically composed of “paid-in”, and “callable”
capital as well as “reserves” built up over the years, from both
developed and developing countries.
– Overall estimated that 83% of total MDB outflows are attributed
to developed economies, however this average masks
significant variation across the MBDs, (range 59-99%).
– For concessional windows, the attribution share to developed
economies is based on a weighting of current and historic financial
contributions, where the average share is 95%.
– For non-concessional windows, the attribution share to
developed economies is based on a weighting of paid-in capital and
a discounted level of highly-rated callable capital, where the
average share is 78%.
Headline results
Data highlights
Accounting framework Data coverage and consistency Expected reporting to UNFCCC MDB attribution
Key lessons
KEY LESSONS:
Methodologies for measuring and reporting climate finance
are improving.
Significant foundations from DAC statistics.
But further progress is needed on methodologies and to
improve transparency.
Our report is intended as a contribution towards enhancing
transparency, and a starting point for discussion.
THANK YOU
Read the report at:
http://www.oecd.org/env/cc/oecd-cpi-climate-
finance-report.htm
Should you have any questions please contact:
• OECD Project Owner:
• OECD Project Manager:
THE PROJECT TIMELINE...
June July August September October
Data Collection & Processing
Analysis & Drafting
Final Report
Data Consultation & Scoping
Sensitivity analysis on MDB attribution
Headline estimate Sensitivity
Concessional
Windows of MDBs
Attribution based on
weighting of current and
historical contributions
Attribution based on
current contributions only
(last replenishment
period)
Attribution based on
historical contributions
only (excluding the last
replenishment period)
USD 4.8 bn (95%) USD 4.7 bn (94%) USD 4.8 bn (96%)
Non-Concessional
Windows of MDBs
Attribution based on
paid-in and callable
capital (discounted by
90%)
Attribution based on
paid-in capital only
Attribution based on
paid-in and callable
capital (discounted by
50%)
USD 10.7 bn (78%) USD 9.6 bn (70%) USD 11.5 bn (84%)
Total MDB
attributed Climate
Finance
USD 15.5 bn (83%)
THE ADAPTATION-MITIGATION BALANCE...
77 % 7 % 16%
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Public Bilateral Public MDB Climate Funds
Export Credits Private
Climate finance vs development finance...
Bilateral climate finance, from ODA vs total bilateral ODA commitments:
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DAC and UNFCCC figures compared
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