Monitoring Climate Finance and ODA
The first major part of this paper focuses on tracking, monitoring, and reporting various types of flows, primarily from ODA (Official Development Assistance) and other public sources but also from private sources. It briefly reviews available info...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/01/12536636/monitoring-climate-finance-oda http://hdl.handle.net/10986/18423 |
| Summary: | The first major part of this paper
focuses on tracking, monitoring, and reporting various types
of flows, primarily from ODA (Official Development
Assistance) and other public sources but also from private
sources. It briefly reviews available information on various
current and upcoming financial and investment flows to
support climate action in developing countries as a first
step in assessing the challenges associated with monitoring
such flows. It considers both climate finance (the amount of
additional resources required to catalyze the shift of a
much larger volume of public and private development
investments to climate friendlier options) and underlying
finance (the almost 10 to 20 times larger amount of
financial and investment flows in developing countries that
must increasingly focus on climate action). The next part of
the paper focuses on possible ways of tracking additionality
in ODA flows, with the aim of stimulating a discussion
within the World Bank Group (WBG) and its partners on this
issue. It describes the various perceptions of different
groups of countries as well as possible baselines,
benchmarks, and tools for tracking progress. Increasingly
reliable, comprehensive, and transparent reporting is needed
to demonstrate that new climate finance instruments are not
introduced at the expense of those targeting other
objectives. The final section provides proposals for further
action by industrial and developing countries, the U.N.
system and multilateral development banks (MDBs). |
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