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Climate Change Expert Group www.oecd.org/env/cc/ccxg.htm
Transparency of reporting on
finance:
Enhanced reporting on finan...
2 Climate Change Expert Group
Reporting finance provided and
mobilised: Lessons to date
A. Incomplete picture (scope of re...
3 Climate Change Expert Group
Developed
Changes to existing arrangements
under Paris Agreement
 Scope of reporting Partie...
4 Climate Change Expert Group
Potential ways forward (1/4)
 Building flexibility in the reporting modalities to allow
“ot...
5 Climate Change Expert Group
Potential ways forward (2/4)
 Revising existing CTF table 7(b)
to integrate finance mobilis...
6 Climate Change Expert Group
Potential ways forward (3/4)
 Encouraging activity-level
reporting from multilateral
public...
7 Climate Change Expert Group
Potential ways forward (4/4)
 Providing common sources/references/definitions
 Creation of...
8 Climate Change Expert Group
Conclusions
 Various options suggested for enhancing reporting of
finance provided and mobi...
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CCXG Global Forum September 2017, BG2 Transparency of reporting on finance: Enhanced reporting on finance provided and mobilised by Lola Vallejo

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CCXG Global Forum September 2017, BG2 Transparency of reporting on finance: Enhanced reporting on finance provided and mobilised by Lola Vallejo

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CCXG Global Forum September 2017, BG2 Transparency of reporting on finance: Enhanced reporting on finance provided and mobilised by Lola Vallejo

  1. 1. Climate Change Expert Group www.oecd.org/env/cc/ccxg.htm Transparency of reporting on finance: Enhanced reporting on finance provided and mobilised Lola Vallejo (OECD) based on “Enhancing mitigation and finance reporting” (Vallejo, Moarif & Halimanjaya; draft) CCXG Global Forum on the Environment and Climate Change 12 September 2017
  2. 2. 2 Climate Change Expert Group Reporting finance provided and mobilised: Lessons to date A. Incomplete picture (scope of reporting Parties) B. Limited but growing experience of reporting private finance mobilised C. Inconsistent information reported by Parties, despite improvements
  3. 3. 3 Climate Change Expert Group Developed Changes to existing arrangements under Paris Agreement  Scope of reporting Parties o Annex II  Developed + ‘Other’  Content reported o Voluntary reporting of private finance mobilised for Annex II Mandatory for developed countries o Finance mobilised by public bilateral  Mobilised by all public interventions (incl. multilateral) Annex II “Addresses” A Incomplete picture “Challenges” B Lack of experience reporting finance mobilised Other countries  Reporting purpose o Full overview of aggregate financial support provided for GST* *”to the extent possible”“Challenges” C Inconsistent information
  4. 4. 4 Climate Change Expert Group Potential ways forward (1/4)  Building flexibility in the reporting modalities to allow “other Parties” reporting, while acknowledging common end goal o Common guidelines ≠ all countries report the same things A
  5. 5. 5 Climate Change Expert Group Potential ways forward (2/4)  Revising existing CTF table 7(b) to integrate finance mobilised through bilateral public interventions o Total amount of other (climate specific) public contributions o Total amount of (climate specific) private finance mobilised o Share of private finance mobilised attributed to Party’s contribution (Developed) Party A contribution (Developed) Party B contribution Multilateral institution contribution (Developing) Party domestic expenditure Private finance mobilised by public interventions B
  6. 6. 6 Climate Change Expert Group Potential ways forward (3/4)  Encouraging activity-level reporting from multilateral public finance providers to the UNFCCC o On public finance provided o … and private finance mobilised through multilateral channels o 3rd Party quality control and data harmonisation o To avoid double-counting and increase comparability B Multilateral institution contribution (Developed) Party A contribution (Developed) Party B contribution (Developing) Party domestic expenditure Private finance mobilised by public interventions C
  7. 7. 7 Climate Change Expert Group Potential ways forward (4/4)  Providing common sources/references/definitions  Creation of an online interface enabling data export for finance provided and mobilised o New ‘macro tool’ to be tested for BR3 o User interface building on BR-DI…allowing country- level searches C Biennial Report Data Interface (BR-DI)
  8. 8. 8 Climate Change Expert Group Conclusions  Various options suggested for enhancing reporting of finance provided and mobilised  Need to bear in mind the dual purpose of enhanced transparency framework of support o Provide clarity o Inform global stocktake Increased need for comparable information

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