In this video, Luis Fernando Mejia of Fedesarrollo explains how countries can use budget tagging and other methods to monitor their climate finance and track how public, private and international funding has been allocated and spent for mitigation, adaptation and other climate-related initiatives. Monitoring finance allocations and expenditures for climate initiatives (as well as activities that go against national climate goals) can help a country identify sectors or initiatives in need of further investment.   Currently, developing countries track where both domestic and international climate finance is going within their national borders, and developed countries primarily track how much money they have provided to their developing country counterparts.

This video is part of the Paying for Paris Climate Finance Resource Hub.