Biennial Assessment and Overview of Climate Finance Flows
(Level of completeness) (Level of completeness) LOW HIGH LOW HIGH Public Public Private Public Private Public Public M o b i l i z e d p r i v a t e c l i m a t e f i n a n c e b y M D B C l i m a t e - s p e c i f i c f i n a n c e t h r o u g h b i l a t e r a l , r e g i o n a l a n d o t h e r c h a n n e l s M D B c l i m a t e f i n a n c e a t t r i b u t e d M u l t i l a t e r a l ( i n c l u d i n g U N F C C C ) c l i m a t e f u n d s UNFCCC funds Other international publicinvestment, 48RE investment, 295 Domestic climate-related public investment, 67Energy efficienc y,246Sustainable transport, 92Mobilized private climate financeby bilateral,regionalinstitutionsRenewable energy projects

Multilateral climate funds (including UNFCCC / UNFCCC funds)


Total amounts channelled through UNFCCC funds and other multilateral climate funds in 2015 and 2016 were USD 1.4 billion and USD 2.4 billion, respectively. USD 0.6 billion in 2015 and USD 1.6 billion in 2016 is channeled through UNFCCC funds.

Further information is available in chapter 2.5.2 in the technical report of the 2018 BA.

MDB climate finance attributed


The attribution of MDB finance flows to members of OECD-DAC, minus the Republic of Korea, is calculated at up to USD 17.4 billion in 2015 and USD 19.7 billion in 2016 to recipients eligible for OECD-DAC official development assistance.

Further information is available in chapter 2.5.2 in the technical report of the 2018 BA.

Climate-specific finance through bilateral, regional and other channels


USD 30 billion in 2015 and USD 34 billion in 2016 were reported as climate-specific finance channelled through bilateral, regional and other channels.

Further information is available in chapter 2.5.1 in the technical report of the 2018 BA.

Mobilized private climate finance by MDB


MDBs reported private finance mobilization in 2015 was USD 10.9 billion and increased by 43 per cent the following year 2016 to USD 15.7 billion. Estimates include private co-financing with MDB finance.

Further information is available in chapter 2.5.4 in the technical report of the 2018 BA.

Mobilized private climate finance by bilateral, regional institutions.


It is estimated that, in 2015, USD 2.3 billion was mobilized through bilateral institutions.

Further information is available in chapter 2.5.4 in the technical report of the 2018 BA.

Renewable energy projects


The Climate Policy Initiative estimated renewable energy flows for new projects ranged from USD 2.4 billion in 2015 to USD 1.5 billion in 2016; this was, however, a significant underestimation given the underlying reporting approaches.

Further information is available in chapter 2.5.4 in the technical report of the 2018 BA.

Domestic climate-related public investment


In total, the domestic climate-related public investment for the period 2015–2016 is estimated to USD 67 billion per year.

Further information is available in chapter 2.3 in the technical report of the 2018 BA.

Renewable energy investments


The renewable energy investments, as the largest segment of the global total accounted USD 320.9 billion in 2015 and USD 269.5 billion in 2016.

Further information is available in chapter 2.2.1 in the technical report of the 2018 BA.

Energy efficiency investment


USD 233.9 billion in 2015 and USD 257.8 billion in investment in energy efficiency technologies across the building, industry and transport sectors.

Further information is available in chapter 2.2.2 in the technical report of the 2018 BA.

Sustainable transport


Data coverage in sustainable transport has improved, with estimates for public and private investment in electric vehicle sales USD 78 billion in 2015 and USD 105.8 billion in 2016.

Further information is available in chapter 2.2.3 in the technical report of the 2018 BA.

Other sector public investment


USD 47.3 billion in 2015 and 47.5 billion in 2016 is estimated by CPI as investments from other public sectors.

Further information is available in chapter 2.2.2 - 2.2.5 in the technical report of the 2018 BA.

Background

The COP requested the SCF to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows.

For more background information click here.

Preparation for the Fourth Biennial Assessment and Overview of Climate Finance Flows
 

 As part of the outreach activities, the Standing Committee on Finance has launched a Call for Evidence to support the preparation of the Fourth BA. Information and data may be submitted on or before 30 October 2020 via email to standingcommittee@unfccc.int. Recent submissions can be found here.
On 7th April 2020, the SCF organized an external webinar for contributors and experts for an informal exchange on the development of the report. Further information on the webinar is available here
On 21st June 2019, the SCF organized a Collaborators Meeting to a) Provide a platform for potential contributors to engage with the SCF on technical topics that may be covered in the 2020 BA; b) Share information and updates on ongoing areas of work that are relevant to the 2020 BA technical report; and c) Identify collaboration opportunities. Further information on the Meeting is available here

 Outline of the fourth Biennial Assessment and Overview of Climate Finance Flows

Sources of Climate Finance Data

Reports on global flows

Reports on multilateral and bilateral flows

National reports submitted under the Convention

Portals and databases

Latest events

Stakeholder engagement webinars

Webinar on Article 2, paragraph 1(c) of the Paris Agreement
Date: 6 November 2020
Time: 1400-1530H CEST 

Webinar on climate finance data quality, methodologies and effectiveness
Date: 20 October 2020
Time: 1400-1530H CET 

Webinar on improving reporting on Climate Finance inputs, impacts and results
Date: 13 October 2020
Time: 1400-1530H CET 

Related links

2018 BA

For detailed information on the 2018 BA, click here

2016 BA

For detailed information on the 2016 BA, click here

2014 BA

Detailed information on the 2014 BA can be found here