Climate finance architecture, emerging trends in adaptation

Climate finance architecture, emerging trends in adaptation

United Nations Development Programme

Srilata Kammila UNDP

How much $ is available today for tackling climate change?

2011

$364 Billion 2012

$359 Billion

2013

$331 Billion

2014

$391 Billion

Source: Climate Policy Initiative 2015

How is $391 billion used?


Mitigation $361 Billion

Dual benefits $4 Billion

Adaptation $25 Billion

How sufficient is the available financing to address the needs? Climate change mitigation

Invested, 2011-2014 $1.095 Trillion

Need to support INDC pledges $13.5 Trillion (for next 15 yrs)

Need to limit to 2 ̊C $16.5 Trillion (for next 15 yrs)


How sufficient is the available financing to address the needs? Climate change adaptation – It’s more complex than estimating CCM financing needs


CCA finance in 2014 $25 Billion

Annual lower estimate (UNEP) before 2050 $140 Billion

Annual upper estimate (UNEP) before 2050 $300 Billion

WRI (2015), UNEP (2014)

How is $391 billion composed of?


Public $148 Billion

(38%)

Private $243 Billion

(62%)

Zooming in on public financing


Development Finance Institutions (national, multilateral, bilateral)

$131 Billion (88%)

Governments and agencies $15 Billion (10%)

Climate funds $2 Billion (1%)

Global Climate Finance Architecture

Sources of financing

Climate Finance under the UNFCCC

UNFCCC COP & CMP

Multilateral Funds (e.g. MDTFs and

CIFs) Adaptation Fund GEF

(e.g. SCCF, LDCF)

Green Climate Fund

Standing Committee

Bilateral Funds (e.g. ICI)

Multilateral Implementing

Entities

National Implementing

Entities GEF Agencies

Programme Countries

What global trust funds are accessible for countries?

GEF Trust Fund Special Climate Change Fund

Least Developed Countries Fund (only for LDCs)

Adaptation Fund Green Climate Fund

142 countries Non-Annex I LDCs Parties to Kyoto

Protocol Non-Annex I

GEF6 – $4.43 billion $962 million $344 million $170 million $10.2 billion

Mitigation window in STAR Adaptation Adaptation Adaptation Mitigation &

Adaptation

Through GEF agencies

Through GEF agencies

Through GEF agencies NIE and MIE Through AEs

Agency support to countries in accessing funds & implementing projects

WB 34%

UNDP 30%

UNEP 9%

IFAD 9%

AfDB 5%

EBRD 4%

IADB 3%

FAO 3%

ADB 3% SCCF

UNDP 55%

AfDB 12%

WB 10%

UNEP 9%

FAO 8%

IFAD 6% LDCF

ANII 5%

CSE 4% IFAD

4%

MINIRENA 5%

UNDP 49%

PIOJ 5%

UCAR 3%

UNEP 8%

WB 2%

WFP 15% AF

ADB 2%

AfDB 2%

EBRD 2%

FAO 7%

IADB 5%

UNDP 39% UNEP

11%

UNIDO 7%

World Bank 25%

GEF TF

Thank You….Questions?

Education

Climate finance architecture, emerging trends in adaptation