Tracking and enhancing international private climate finance in the Southern-Mediterranean Region
This study provides an overview of the available data for estimating international private climate financial flows to the Southern and Eastern Mediterranean (SEMed). It complements the previous UfM Climate Finance studies focused on international public climate finance, developed in the framework of the UfM Ministerial Declaration on Environment and Climate Change in 2014 where UfM Member States expressed their desire for increased cooperation, through the Regional Climate Finance Committee for Climate Action (RCFC). The current data limitations concerning international private climate finance are a significant obstacle for fully capturing the state of total climate finance in the SEMed region, and therefore limits the ability of governments to make informed choices in their attemps of scaling up climate finance. However, this study aims at providing a better understanding of the required steps for achieving a complete picture of international private climate finance flows in the SEMed region. It does this by assessing the opportunities and limitations of the available data and methodologies, as well as laying out the current barriers for tracking and mobilising international private climate finance in the region. Hence, leading to concrete recommendations for tracking and attracting international private climate-related investments.
Authors: Jérémie Fosse, Kristian Petrick, Salvador Klarwein, Karine Moukaddem
22nd of January 2019 – reviewed 18/02/19