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Comparing Definitions and Methods to Estimate Mobilised Climate Finance

Author

Listed:
  • Randy Caruso

    (OECD)

  • Jane Ellis

    (OECD)

Abstract
At the 16th Conference of the Parties (COP) in 2010, developed countries formalised a collective climate finance commitment made previously in Copenhagen of “mobilising jointly USD 100 billion per year by 2020 to address the needs of developing countries...from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources” (UNFCCC, 2010). However, there is currently no definition of which “climate” activities, flows, or other interventions could count towards the USD 100 billion; what “mobilising” means; or even which countries are covered by this commitment. The paper examines different definitions used by 24 key actors in climate finance to quantify the level of private climate finance mobilised by their interventions, as well as the methods used to track such private climate finance. Key findings are that i) methodologies to assess and estimate mobilisation vary widely, and ii) considerable risk of double-counting exists. A la 16e Conférence des Parties (CdP) tenue en 2010, les pays développés ont formalisé un engagement financier collectif pour le climat précédemment souscrit à Copenhague de « mobiliser collectivement 100 milliards USD par an d’ici à 2020 pour répondre aux besoins des pays en développement ...de diverses sources, publiques et privées, bilatérales et multilatérales, y compris de sources alternatives (CCNUCC, 2010). Cependant, il n’existe pas actuellement de définition des activités, flux ou autres interventions « climatiques » qui seront comptabilisés dans ces 100 milliards USD ; que signifie « mobiliser » ; voire, quels sont les pays concernés par cet engagement. Ce document se penche sur les différentes définitions utilisées par les 24 acteurs principaux du financement climatique pour quantifier le niveau des financements climatiques privés mobilisés par leurs interventions, ainsi que les méthodes employées pour suivre ces financements climatiques privés. Il ressort de ce rapport deux grandes constatations i) les méthodologies d’évaluation et d’estimation des fonds mobilisés sont très disparates, et ii) il existe d’énormes risques de double comptage.

Suggested Citation

  • Randy Caruso & Jane Ellis, 2013. "Comparing Definitions and Methods to Estimate Mobilised Climate Finance," OECD/IEA Climate Change Expert Group Papers 2013/2, OECD Publishing.
    • Handle: RePEc:oec:envaab:2013/2-en
    DOI: 10.1787/5k44wj0s6fq2-en
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    File URL: https://doi.org/10.1787/5k44wj0s6fq2-en
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    Citations

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    Cited by:

    1. Kris Bachus & Emilie Bécault, 2017. "Public climate finance: the challenge of reporting equity," BeFinD Working Papers 0117, University of Namur, Department of Economics.
    2. Katherine Sierra, Timmons Roberts, Michele de Nevers, Claire Langley, Cory Smith, 2013. "First Steps toward a Quality of Climate Finance Scorecard (QUODA-CF)-Working Paper 335," Working Papers 335, Center for Global Development.
    3. W. Pieter Pauw, 2017. "Mobilising private adaptation finance: developed country perspectives," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 55-71, February.
    4. Kris Bachus, 2015. "Official climate-related development finance in Belgium: Concepts and methodologies," BeFinD Working Papers 0104, University of Namur, Department of Economics.
    5. repec:nam:befdwp:4 is not listed on IDEAS

    More about this item

    Keywords

    climate finance; financement climatique; leverage; MNV; mobilise; mobiliser; MRV; stimuler; suivi; tracking;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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