From billions to trillions – to impact? Lessons for the international development community on climate finance

Nov 8, 2022 | 3:30 PM - 5:00 PM


Political prioritisation of climate change has increased significantly over recent decades including among international development partners with the collective goal of mobilising USD 100 billion per year by 2020 for climate action in developing countries Even as countries race to reach this target, understanding the results of these efforts – including questions of relevance, effectiveness and efficiency – is becoming increasingly urgent. Several countries and multilateral institutions have begun to dig into the available data, providing glimpses of how their climate finance efforts are translating into real impacts for people and the planet. This panel will share findings of climate finance evaluations and discuss key lessons and policy messages for decision makers: climate policy architecture within international development co-operation, mobilisation and relevance. Speakers will look at evidence on three questions: 1. To what extent is the climate finance currently provided relevant to country needs and priorities? Is climate-related development assistance reaching priority countries, and which sectors and target groups are benefiting? 2. What evidence is there about the effectiveness of efforts to mobilise private sector finance for climate? 3. Where do development partners need to focus attention or what changes are needed to improve future climate finance efforts and accelerate progress? This event will take place live from Sharm El-Sheik at the EIB Benelux Pavilion and will be livestreamed here on the OECD COP27 Virtual Pavilion.



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