Climate finance makes up a significant portion of financing in the 2030 Agenda. With it, comes opportunities and challenges especially around how climate finance can be effectively governed, delivered and monitored. The delivery of climate funding however is still rife with issues especially when it comes to aligning with countries national development strategies. Donor harmonisation, aligning donor systems with national systems, managing for results, and mutual accountability between provider and recipient countries, remain important issues in climate financing.
Like development finance, effective climate finance should be underpinned by the principles of policy coherence, ownership, transparency, and predictability, especially in support of countries most vulnerable to climate change. Applying these principles and monitoring closely climate finance will allow better distinction between aid and climate finance, in order to ensure that climate finance is additional to development finance.
CPDE, through its Reference Group on Climate Finance, is organising this study conference to clarify the platform’s position on climate finance and to identify CPDE’s role and strategy in engaging civil society and other development actors on this subject.