Innovative Climate - Examples from UNEP Bilateral Finance Institutions Climate Change Working Group
- United Nations Environment Programme (UNEP)
In 2010-2011, the subject of ‘Climate Finance’ has become a key focus of government policy makers and the many non-government research institutes and organisations that advise them. Two key parallel streams of work have been on policy (e.g. what constitutes ‘investment grade policy’) and identifying and tracking international flows of funds and investments for what might be described as climate finance. This report integrates some of these two streams of information, as it applies to Bilateral Finance Institutions (BFIs). But it also has a more practical and specific intent. For years already, BFIs such as AFD, EIB, JICA, KfW and NEFCO,1 have been providing a major portion of climate finance flowing to developing countries in all regions, and for both mitigation and adaptation. The recently published tracking report by the Climate Policy Initiative The Landscape of Climate Finance, for example, identified that BFIs provided about 25% of climate finance in 2010. By contrast, multilateral development banks (MDBs) provided about 13% and private finance about 56%.
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- UNEP Innovative climate finance (845 kB)