The need to support national processes that enhance access, allocation and spending of climate finance in developing countries is increasingly being appreciated by the international community. The Green Climate Fund’s (GCF) Governing Instrument envisages support for such climate finance readiness activities, and a number of bilateral and multilateral initiatives are being developed to provide resources to this end. The exploration of climate finance readiness needs in Tanzania is therefore timely.
The Global Landscape of Climate Finance 2013 finds that global climate finance flows have plateaued at USD 359 billion, or around USD 1 billion per day – far below even the most conservative estimates of investment needs. On one hand, there is some cause for optimism: Although private investment has declined in general terms, technology costs for large-scale renewable energy have fallen further, perhaps as economies of scale start to take hold.
“National Financing Pathways” are put forward here as a concept that articulates the interdependencies between public, private and international sources of finance as a means of delivering scaled investment to support implementation of low emission and climate resilient development. The interplay between national policy objectives and institutional frameworks with various sources of finance can be considered as constituting a national finance ecosystem and so influencing the shape and pace of the financing pathway.
The Climate Change Open Data Platform serves as a one stop shop for data and content on climate change-, energy-, and environment-related topics.
This capacity assessment scorecard will be one key resource to identify Institutional Capacities for Climate Change, which will allow a prioritized Capacity Development Plan to be prepared.
The International Guidebook of Environmental Finance Tools provides guidance on developing and implementing the most commonly used, widely applicable, and potentially high-impact environmental finance tools. It aims to define and analyse the primary tools that are already in use and that can be applied globally to advance sustainable development. The tools explored in the Guidebook have been successfully applied to protect the environment and promote pro-poor and predominantly rural development.
This paper argues that a climate finance readiness process presents 5 key components to be considered by governments: planning process, national climate change strategy, functions of a financial architecture, form of a financial architecture, and the financial mechanism and vehicles/windows. The paper catalogues country efforts to: (i) create new institutions and/or organize their existing institutions to deal with the challenge posed by climate change causes and impacts (Section 2); and (ii) to mainstream climate change into development planning processes and deal
The economic impacts of climate change are already apparent and they threaten development gains. Extreme weather events have brought severe droughts to Central Asia, heat waves and forest fires to Russia, and floods to Southeastern Europe. Unchecked emissions will come at rising economic cost and increasing risk to individuals. There is a clear case for all of the world’s economies to move to a low-carbon growth path.
To assess gaps and accelerate implementation of the climate reform agenda, in 2012 the Department of Budget and management and the climate change commission sought advisory services from the World Bank to carry out a Climate Public Expenditure and Institutional Review (CPEIR). Carried out at mid-term of the first phase of the national climate change action plan, the Philippine development plan (2011-2016), and the current administration, this review comes early enough to help guide the finalization and operationalization of the first phase of the climate reform agenda.