Large-scale investments are needed to significantly reduce carbon emissions, as well as to adapt cities and societies to the adverse effects of a changing climate. Financing – either public, private or drawn from alternative sources – that seeks to support these mitigation and adaptation actions is known as climate finance.
International climate agreements call for parties with more financial resources to assist those that are less endowed with resources and more vulnerable to the negative effects of climate change.
In the global commitment to fight climate change, the current lack of data regarding international private climate finance is a significant obstacle as it limits the ability of governments to make informed decisions in their attempts to scale up climate projects.
International climate finance commitments to the Southern and Eastern Mediterranean (SEMed) region accounted for
11% of global financial flow in 2019, amounting to 9.12 billion.
Bilateral finance comprised
37% of the overall amount
committed to the SEMed region in 2019. Major bilateral donors include the EU institutions (excluding EIB), France and Germany.
Multilateral climate funds provided the smallest share of
overall climate finance to the SEMed region
with only 2%.
This page aims to facilitate the sharing of climate finance information among decision-makers, including data, climate-related funding opportunities, and climate tracking requirements. In doing so, we hope to enhance the accuracy of the financial commitments as actors can have a better understanding of the financial mechanisms in place in the region as well as a basis for comparison to fund and implement their projects. Stakeholders are therefore encouraged to invest in opportunities and capacitate the development of bankable projects at UfM regional level.
Climate finance data - databases and initiatives
Here you can find the main relevant web-pages of partners and institutions that offer updated information on climate finance. This subcategory will be a reference site of consultancy for decision makers, researchers and anyone interested in climate finance data.
Global Innovation Lab for Climate
Finance www.climatefinancelab.org
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Identifying, developing, and supporting transformative sustainable finance ideas, to remove specific barriers to attracting investments and to drive billions of dollars of private investment for nations, businesses and investors to move toward a low-carbon, climate resilient economy.
lab.cpi@cpiglobal.org
NDC Partnership
Finance ndcpartnership.org
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Provide countries with the tools they need to implement their NDCs and combat climate change. The NDC Partnership works directly with national governments, international institutions, civil society, researchers, and the private sector to fasttrack climate and development action.
amanda.mckee@ndcpartnership.org; supportunit@ndcpartnership.org
International Platform of Sustainable Finance ec.europa.eu/info/businesseconomy-euro/banking-and-finance/ sustainable-finance/internationalplatform-sustainable-finance_en
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The ultimate objective of the IPSF is to scale up the mobilization of private capital towards environmentally sustainable investments.
One Planet Summit
www.oneplanetsummit.fr
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A platform for commitments to tackle the challenge of climate change. To scale up the ecological transition, the One Planet Summit promotes environmental and climate solutions that go hand in hand with employment, innovation and the creation of economic opportunities. It serves as a platform for the international community and in particular for the 2030 Action Agenda.
Green Growth Knowledge Partnership
(GGKP) and its platform
https://www.greengrowthknowledge.org/
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The Green Growth Knowledge Partnership (GGKP) is a global network of experts and organizations dedicated to providing the policy, business, and finance communities with knowledge, guidance, data, and tools to transition to an inclusive green economy.
contact@ggkp.org
Climate finance tracking in the context of Exchange Traded Funds (ETFs)
and Measurement, Reporting and Verification (MRV)
- Standing Committee on Finance (UNFCCC) unfccc.int/SCF
- Measurement, Reporting and Verification (UNFCCC) unfccc.int/process-and-meetings/transparency-and-reporting/ support-for-developing-countries/overview
- Enhanced Transparency Framework (UNFCCC) unfccc.int/enhanced-transparency-framework
- OECD www.oecd.org/env/cc/tracking-climate-finance.htm
- GIZ www.giz.de/en/worldwide/57753.html
Accessing climate finance – funding opportunities
Here you can find more information on climate funding opportunities worldwide, to facilitate the search of organisations, institutions and experts.
- Global Environment Facility www.thegef.org/about/funding
- Green Climate Fund www.greenclimate.fund
- Global Climate Change Alliance + www.gcca.eu
- Adaptation Fund www.adaptation-fund.org
Related UfM publications
UfM focal point for climate finance
