November 13, 2013, Taryn Fransen Mobilising Climate Finance Lessons from fast start finance.

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Presentation transcript:

November 13, 2013, Taryn Fransen Mobilising Climate Finance Lessons from fast start finance

FSF contributions* Identified at project or programme level

Overview of FSF Source Country Financial Instrument Objectives Regions Recipient Institution

Diverse sources were counted GermanyJapanNorwayUKUSA Existing government revenues Yes Innovative sources YesNo Export-credit and bilateral non- concessional development finance NoYesNo Yes Leveraged private finance Not “counted”Counted towards $15B pledge, not towards $30B Not “counted” Reported but not “counted”

Most finance was channelled bilaterally

77% of finance supported mitigation

48% of finance was provided as loans

Adaptation received more grants

Geographic distribution of FSF

Distribution to LDCs and SIDS

Distribution of FSF & ODA

Adaptation FSF vs vulnerability

Mitigation FSF vs GHG emissions

Climate finance has increased

New & additional? CriteriaGermanyJapanNorwayUKUSA Increase in climate finance overall Yes Increase for existing climate projects In some cases “Recycling”?Partially Met 0.7% GNI as ODA? No YesNoNo* New sources?YesNo, but dedicated budget contributions

Lessons from Fast Start Finance Make continued commitment to scaling up climate finance Strengthen enabling environments in recipient countries Better understand how to target country needs and vulnerabilities Reduce public investment in climate- incompatible development Continued reporting improvements will help

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