In this video, Prelish Lal of the Ministry of Economy for Fiji explains countries can plan for their climate finance needs by costing out their nationally-determined contribution (NDC) and creating a climate finance strategy. Knowing how much it will cost to implement an NDC is the first step to making strategic decisions about which financial instruments and policies are needed. Bringing numbers to the table helps different stakeholders understand what implementation may entail in practice. For developing countries, it may help them understand how much funding will be needed from external sources. These instruments can be used in identifying priorities areas and creating high-level planning documents for governments to follow as they seek to finance their NDCs.

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