Presentation from September 2023 CCXG Global Forum

1. Climate Change
Expert Group
New Collective Quantified Goal on
climate finance
Considerations relating to transparency and data
availability
___________________
Marcia Rocha (CCXG/OECD)
Global Forum on the Environment and Climate Change | 12.09.2023
Based on “Draft technical discussion note: Possible approaches and options for selected elements of the New
Collective Quantified Goal on climate finance” Falduto C., Jachnik R., Rocha M., Watson C. (2023, draft)

2. Introduction and outline
• Tracking progress in a transparent manner is important to both
inform more effective financing and policy actions, as well as to
build trust amongst Parties
• What are the existing data and tracking initiatives that can inform
a process for tracking progress to the NCQG:
• Data sources in the context of the UNFCCC
• Data sources beyond the context of the UNFCCC
• Insights from current tracking progress initiatives

3. Data sources in the context of the UNFCCC
Reporting element
Requested (“should”) or
required (“shall”)?
Reporting format
Bilateral public
• Required for developed country Parties.
• Requested for Other Parties that
provide support
Common tabular format
Multilateral public
• Required for developed country Parties.
• Requested for Other Parties that
provide support
Common tabular format
Mobilised private by public interventions
• Required for developed country Parties.
• Requested for Other Parties that
provide support
Textual and/or common
tabular format
Information on financial support received
by developing country Parties (Article 9 of
the PA)
• Requested for developing country
Parties
Common tabular format

4. Data sources in the context of the UNFCCC
Reporting element Requested (“should”) or required (“shall”)?
Data gaps Data on private finance mobilised by multilateral public finance will lack
Data inconsistencies
Inconsistencies will likely remain; use of standardized labels, recipient
countries and data at activity level
Timeline of the
availability of data
A lag in data availability could lead to progress assessments to be published
one year after the BTRs or to consider preliminary data
Developing countries’
reporting
In time, these reports can help identifying funding shortfalls, and guide more
precise, impactful climate finance going forward

5. Data sources beyond the context of the UNFCCC
• Data on multilateral climate finance
• OECD DAC statistics provide standardised activity-level data on climate
finance commitments by multilateral development banks and funds, and
the private finance mobilised by such interventions
• MDBs own and Joint reports demonstrate MDBs' efforts to mobilise and
allocate financial resources to combat climate change, fostering global
cooperation and sustainable development in the face of the climate crisis
• Data on finance beyond OECD DAC members: OECD TOSSD goes beyond
DAC members and provides data on international public finance flows directed
towards sustainable development initiatives
• Data on private finance (beyond that mobilised by international public
finance): Commercial data sources on private finance include financial research
firms, market intelligence platforms, and specialized databases that focus on
tracking private sector investments and funding activities

6. Insights from current tracking progress initiatives
• UNFCCC Biennial Assessments and Overview of Climate Finance Flows:
primary data from Party submissions, information from external reports,
institutional data from multilateral organisations, and insights from
consultative workshops with various stakeholders
• CPI Global Climate Finance Landscapes: primary data submitted by Parties
and other development finance institutions to other organisations to create a
detailed and comprehensive overview of financial flows.
• Assessments of progress towards the current USD 100 billion goal (e.g.
UNFCCC’s or OECD’s) use a combination of data sources. Similarly, Oxfam’s
Climate Finance Shadow Reports use a combination of UNFCCC and OECD
DAC data.

7. THANK YOU!
Climate Change
Expert Group
http://oe.cd/ccxg
Chiara.Falduto@iea.org
Marcia.Rocha@oecd.org
Raphael.Jachnik@oecd.org