3.1 ockenden
TRANSCRIPT
CLIMATE FINANCE IN 2013-4 & 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, Wednesday 4th NovemberMs. 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 ….
Sour
ce: O
EC
D
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:
[email protected] • OECD Project Manager: