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Monitoring Climate Finance in Developing Countries: Challenges and Next Steps

Reporting on a Series of Three Workshops

This working paper reports on a series of three regional workshops in which participants from governments in Latin America, Africa and Asia reflected on the main technical, policy, and capacity challenges to monitoring climate finance, and exchanged experiences on efforts that are under way in their respective countries to improve information on climate finance flows.

Key Findings

Executive Summary

This working paper reports on a series of three regional workshops in which participants from governments in Latin America, Africa and Asia reflected on the main technical, policy, and capacity challenges to monitoring climate finance, and exchanged experiences on efforts that are under way in their respective countries to improve information on climate finance flows. The workshops were held by WRI and its partners in 2012 and 2013 in Jakarta, Nairobi and Bogota respectively, and brought together government representatives from the region, as well as regional development banks and other stakeholders. The paper presents a number of country-specific experiences and examples of efforts to address the challenges, and discusses some recommendations and next steps that countries and their development partners can take to strengthen climate finance tracking.

Developed countries have obligations under the UNFCCC to report on the finance they have provided in support of developing countries’ adaptation and mitigation efforts. Similarly, developing countries have obligations to report on climate finance received. Initial attempts to measure and report climate finance suggest that there is often a mismatch between information on finance provided and that on finance received. Monitoring climate finance is not only crucial to determine compliance with climate finance pledges within the context of the UNFCCC, but it also has important implications for recipient countries at the national level. Indeed, accurate reports on climate finance flows will allow recipient countries to make more informed decisions about planning, prioritization, and allocation of resources for climate change.

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