Public climate finance to developing countries is rising

Climate Change 2018 Ice

UN Photo/Eskinder Debebe Masses of ice on Jökulsárlón glacial lagoon in south-east Iceland in June 2013.

This article is brought to you in association with OECD.


Public climate finance from developed to developing countries totalled USD 56.7 billion in 2017, up 17% from USD 48.5 billion in 2016, according to new data compiled by the OECD.

A new data series for 2013-2017 shows that public climate finance has risen by 44% from USD 39.5 billion in 2013. The year-on-year rise has been steady aside from a small dip in 2015.

The data includes bilateral public climate-related aid from developed countries, multilateral climate finance attributable to developed countries, and officially supported climate-related export credits from developed countries. Updated estimates of mobilised private climate finance flows are due to be provided in 2019. Previously estimated mobilised private climate finance for 2013-14 are provided in the report for completeness.

The 2017 figure is consistent with a linear pathway to the level of public climate finance from developed countries that the OECD projected in a previous report in 2016 would be reached in 2020, i.e. USD 66.8 billion in 2020, excluding export credits.

Public climate finance from developed to developing countries is rising 

 © OECD  

The data series shows that bilateral public climate finance increased by 20% from 2013 to 2017 to reach USD 27 billion. Multilateral climate finance attributable to developed countries rose by 79% to USD 27.5 billion, and climate-related export credits increased by 31% to USD 2.1 billion.

Within that, finance for adaptation to climate change rose by 65% from USD 7.8 billion in 2013 to USD 12.9 billion in 2017. Finance for climate change mitigation rose by 38% from USD 28.2 billion to USD 38.9 billion, and finance for cross-cutting activities rose 37% from USD 3.5 billion to USD 4.8 billion.

The relative mix of grants to loans (concessional and non-concessional) was relatively stable over the five-year period. Grants represented over a third of bilateral and less than 10% of multilateral climate finance, while loans accounted for about 60% of bilateral and nearly 90% of multilateral finance. Grant financing rose by 25% from USD 10.3 billion in 2013 to USD 12.8 billion in 2017, while the volume of loans doubled to USD 40.3 billion in 2017 from USD 20.0 billion in 2013. The majority of bilateral loans were concessional; most multilateral loans were non-concessional.

All regions received increasing amounts of public climate finance over the period. Asia, followed by Africa and Latin America, received the largest share of bilateral and multilateral climate finance over the period at more than 80% in any given year.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Ambassador Zhang Ming: “Work Together for a Better Globalization”

G20 LIVE: World Leaders in Turkey for G20 Summit. Global Economy will be discussed in Antalya

104 countries have laws that prevent women from working in some jobs

Yemen hospital airstrike under investigation amid resurgence of deadly cholera

Brexit: PM May must hush Boris Johnson to unlock the negotiations

Anti-vaccers: does the empty can rattle the most?

This is the critical number that shows when housing breaks down

Trump wants to implicate China in US attacks against global order

Wednesday’s Daily Brief: Diplomacy for Peace Day, #VaccinesWork, the cost of war on Afghans, tech and well-being

Here are four ways ASEAN can help entrepreneurs thrive – especially women

‘BioSolar Leaves’ are better at cleaning the air than trees, say the technology’s developers

This AI-powered app aims to help people with autism improve their social skills

Opposite cultures: Should it be a problem?

Why CFOs need to rethink what it means to create value

A Sting Exclusive: “Delivering on the Environmental Dimension of the new Sustainable Development Agenda”, Ulf Björnholm underscores from UNEP Brussels

Girls groomed for suicide missions fight back against the extremists of Lake Chad

EU and Indian flags at EU-India Summit in New Delhi last October (copyright EU 2018, Source: EC - Audiovisual Service)

India and the EU get close to revive talks on proposed Free Trade Agreement

Commuters in these cities spend more than 8 days a year stuck in traffic

Senior UN adviser sees ‘rare’ victory for humanitarian diplomacy as aid convoy reaches desert camp in Syria

Tourism offers much to the EU gets a little

Is Data Privacy really safe seen through Commissioner’s PRISM?

Agreement reached on screening of foreign direct investment for EU security

3 charts that show the economics of European football

Brexit negotiations: Can May’s Britain bounce back?

DR Congo Ebola centre attacks could force retreat against the deadly disease, warns UN health chief

This cheap, 700-year old solution could change billions of lives

EU Commission: Growth first then fiscal consolidation

UN-led Yemen ceasefire monitoring team gets ready to begin operations

GSMA Mobile 360: Connecting Cities, Connecting Lives, Connecting Europe

UN pushes for universal health care on International Day

The inhumane face of crisis mirrored in numbers

Apple® logo (copyright: Apple)

Apple takes further step into music: EU Regulators formally approve its planned Shazam acquisition

How to fight back against misinformation and polarization

Austerity lovers and ‘relaxationists’ fight over the EU budget

The umpteenth Italian overturn takes Renzi and PD to unprecedented victory at EU elections

A silent killer: the impact of a changing climate on health

A Sting Exclusive: “The EU Cybersecurity Act for a more secure and cyber-resilient European Digital Single Market”, by EU Commissioner Gabriel

First Western Sahara talks at UN in six years, begin in Geneva

Finnish Prime Minister calls for a more united EU of concrete actions

Macro-Financial Assistance: Europe’s way to control Ukraine?

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

Action needed to tackle stalled social mobility

Sweden to reach its 2030 renewable energy target this year

Capital Markets Union: Making it easier for insurers to invest in the real economy

The Parliament defies a politically biased Banking Union

Mental health in medical students: the deciphered quandary

16 foods that are good for you – and the planet

Technology can help solve the climate crisis – but it will need our help

The European Parliament hemicycle in Strasbourg (Copyright: European Union, 2017 / Source: EC - Audiovisual Service / Photo: Mauro Bottaro)

EU Parliament sends controversial copyright law reform back to discussion

EU approves disbursement of €500 million in Macro-Financial Assistance to Ukraine

How much more political is the new EU leadership? Does this include personal bend?

The unique role of business in building social good

‘Regional security and integration’ in Central Africa under threat, Security Council warned

The most unlikely innovators are changing ICT for development – it’s time we took notice

How tiny countries top social and economic league tables (and win at football, too)

Remembering Kofi Annan

A Europe that Protects: Commission calls for more efforts to ensure adoption of security proposals

How to end overfishing in the global South

ECB’s first flight in Eurozone’s banking universe will be just a reconnaissance

European Citizens’ Initiative: A game of much publicity and one big lie

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s