International public climate finance in the mediterranean

The Union for the Mediterranean’s Ministerial Declaration on Environment and Climate Change was adopted in Athens on 13 May 2014, where UfM Member States call for greater assistance and international cooperation with regards to finance, technology transfer and capacity building. In response, the UfM created the Regional Finance Cooperation Committee for Climate Action and in parallel the UfM Climate Change Expert Group. The UfM CCEG was created to support the development of climate projects and initiatives, acting as a platform to enhance regional dialogues and to bring together climate initiatives, programmes, and stakeholders. In 2009, developed countries pledged to raise 100 billion USD per year by 2020 to finance global climate action. Following this, in the context of the 2015 Paris Agreement adopted by the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), the UfM Secretariat sought to obtain an overview of climate finance committed to the SEMed region. In response, the current study on international public climate finance to the SEMed region in 2016 was conducted by Climatekos on behalf of the UfM, with support from the European Union and under the administration of the Integrated Maritime Policy / Climate Change (IMP/CC) Facility. This update report builds on the UfM Climate Finance Study published in December 2017 (Climatekos, 2017). It draws on data that has officially been reported to the OECD’s Development Assistance Committee (DAC) by multilateral and bilateral donors, using a revised methodology to complement and amend estimates of the international public climate finance flows identified in the previous study.

Authors: Alison Midgley, KalianaTanganelli, Sabine Henders, Robert Tippmann, Ali Agoumi

July 2018