Climate finance
sources
Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. The Convention, the Kyoto Protocol and the Paris Agreement call for financial assistance from Parties with more financial resources to those that are less endowed and more vulnerable. Climate finance is needed for mitigation, because large-scale investments are required to significantly reduce emissions. Climate finance is equally important for adaptation, as significant financial resources are needed to adapt to the adverse effects and reduce the impacts of a changing climate.
Readiness and Preparatory Support Programme: With the objective of strengthening the country capacities to access climate finance, the Green Climate Fund has allocated resources under the GCF Readiness and Preparatory Support Programme (the Readiness Programme),to support countries raise awareness, develop capacities and engage all relevant stakeholders at national/ local level.
The Climate Finance Data Portal presents information on financial resources that have been made available to Non-Annex I Parties to the UNFCCC. The Portal consists of the following four modules:
- The "National Communications Module": This module presents information communicated by Annex II Parties on the provision of financial resources related to the implementation of the Convention through their fourth, fifth and sixth national communications.
- The "Fast-start Finance Module": Fast-start finance refers to the collective commitment by developed countries to provide new and additional resources, including forestry and investments through international institutions, approaching USD 30 billion for the period 2010 - 2012. The module on Fast-start Finance presents information as submitted by developed country Parties on the resources provided to achieve their commitments, including ways in which developing country Parties access these resources.
- The "Funds Managed by the GEF Module" is a joint effort between the secretariat of the UNFCCC and the secretariat of the GEF. This module presents information on financial flows that have been channelled, mobilized and leveraged by the GEF in its role as an operating entity of the Financial Mechanism of the UNFCCC. Information contained in this module is retrieved directly from the website of the GEF without further modification by the UNFCCC secretariat.
- The "Adaptation Fund Module": This module presents information on Adaptation Fund (AF) project data related to entities, projects and programmes as approved by the AF Board. Information contained in this module is retrieved directly from the website of the AF without further modification by the UNFCCC secretariat.
List of potential sources of climate funding relevant for our country:
Exploring CLIMATE FINANCE
Relevant Documents:
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We are building partnerships to implement a just energy transition
06-12-2023 -
Energy transition will be accelerated through the Green Financing Facility
06-12-2023 -
Shukova presented the national expectations from the Investment Platform to the first people of the EBRD, the IEA and the AIIB
06-12-2023 -
Media Briefing pre-COP28
22-11-2023
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