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Industrial countries committed to mobilise USD 100 billion of climate finance for developing countries from different financing sources. At the beginning of this project, there were no internationally harmonised options and data for measuring mobilised private finance.

The project aims to address the lack of investment in sustainable energy and energy-efficient assets from public and private financial institutions.

The project aimed to improve understanding of potential Results-based Climate Finance (RBCF) opportunities and limitations. Mitigation and adaptation related RBCF initiatives in the climate context were  studied and assessed.

Update: The Adaptation Finance Fellowship Programme (AFFP) is now open for applications. For further information and submission of applications please visit our official Project Website.

Most experts agree that the USD 100 billion required annual investment for adaptation cannot only come from public sources, but also from private investors. There are increasingly examples of adaptation measures at the local level and being financed, at least in part, by the private sector.

Following the UNEP / BNEF / UN Secretary General’s Office Working Group Meeting on Climate Finance held at Frankfurt School in December 2013, the United Nations Environment Programme (UNEP) launched an Inquiry into policy options for guiding the global financial system to invest in the transition to a green economy.

The scale of financing needed to combat climate change and its impacts is said to be in the hundreds of billions of dollars. In response, many international funds have been made available for developing countries through bilateral, multilateral and private sources.

Adaptation Projects happen (i) in a changing, and (ii) due to a changing risk environment. This change is driven by carbon emissions which can in general be attributed to different countries.

The European Commission’s Directorate-General of Climate Action has commissioned a project to look at what Europe’s role should be in “shifting private finance towards climate-friendly investments” – both within the EU and internationally.

 

Exploring options and feasibility to implement an Energy Efficiency Finance Barometer: