Report on National-Subnational Climate Finance

This study is aimed at providing support to UfM Secretariat (UfMS) in the definition and implementation of its ‘Climate Finance Strategy’ yet to be fully developed, but primarily inspired by the strong will to increase cooperation on this specific chapter, as expressed by member countries in UfM’s 2014 Ministerial Declaration on Environment and Climate Change. After establishing a Climate Change Expert Group (CCEG), and a Regional Climate Finance Committee for Climate Action (RCFC), UfMS commissioned two studies to quantify the amount of international climate finance reaching the Southern and Eastern Mediterranean (SEMed) region, in 2017 and 2018. Together with a second study focusing on assessing the international private climate finance flows in the Region, the report on National-Subnational Climate Finance aims at complementing the first UfM’s flagship reports, and exploring more precisely the national and subnational perspectives on “additional finance strategies and measures for climate action” to international public climate finance flows and instruments, in two pilot countries of the MENA region: Kingdoms of Morocco and Jordan. This study aims to provide “a general overview of the current state of national/subnational climate finance sources and their typology, if possible, the amounts, and categories of beneficiaries of climate financing in the two of the Southern Mediterranean countries during 2016 and 2017”. Based on the analysis and benchmark between these two emblematic countries in the Region, FMDV’s report is also expected to produce a proposal aiming at developing in 2019 a “Technical assistance on a Regional Strategy to consolidate the ongoing works on the issue of climate finance in the UfM MENA countries, on all topics (international-national-subnational public, private climate finance)”. (31th of December, 2018)

Authors: Carlos de Freitas, Referent Senior Expert; Amélie Lougsami, Referent Regional Junior Expert; Anas Felhi, Referent Morocco Junior Expert

October 2019