The Practical Challenges of Monitoring Climate Finance: Insights from Climate Funds Update
Climate Finance Policy Brief
This brief reflects on the practical experience of monitoring climate finance from Climate Funds Update (CFU), a joint website tracking initiative of the Overseas Development Institute (ODI) and the Heinrich Böll Foundation (HBF), established to increase the transparency of climate finance flows. CFU was launched in 2009 and seeks to monitor 22 dedicated public climate change finance initiatives from the point when donors pledge funding, through to the actual disbursement of climate finance. This brief highlights and makes the case for a focus on public finance, before considering the adequacy of information available, drawing on the CFU experience. It concludes by suggesting key priority areas for efforts to harmonise climate finance reporting such as increasing the comparability of information available and avoiding double-counting as well as the provision of information on the implementation of projects and programs throughtout their life cycle.
Click here to read The Practical Challenges of Monitoring Climate Finance (12 pages, pdf, 239KB)