Bilateral Financing Institutions and Climate Change

Author

United Nations Environment Programme (UNEP)

Description

In its third year, this mapping exercise of climate change financial flows to developing countries is an initiative of the United National Environment Programme (UNEP) Bilateral Finance Institutions Climate Change Working Group (‘UNEP BFI CCWG’). The UNEP BFI CCWG originated from a workshop on bilateral financing for climate change convened in January 2009 at UNEP in Paris. Present members of the UNEP BFI CCWG are UNEP and five bilateral finance institutions: Agence

Française de Développement (AFD), European Investment Bank (EIB), Japan International Cooperation Agency (JICA), KfW Entwicklungsbank (Germany’s Development Bank), and Nordic Environment Finance Corporation (NEFCO). These financing institutions act, and provide financing, on behalf of their respective governments.For the past three years, members of the UNEP Bilateral Finance Institutions Climate Change Working Group (‘UNEP BFI CCWG ’ – see p. 2) have mapped their climate

change financing in an effort to transparently disclose their part in climate change financial flows to developing countries, and to demonstrate their future potential as vehicles for the delivery of significant amounts of climate finance. Building on these prior efforts,5 this report again finds that members of the UNEP BFI CCWG channel significant amounts of climate finance for both mitigation and adaptation, and demonstrates an increase of 22% in bilateral finance institution (BFI) climate financing in 2010 over 2009, despite a trying economic year.

Publication date

2011

Document type

Research Report

Language(s)

English

Website