availability, source and use of development finance institution (dfi) data in the climate policy...
DESCRIPTION
Presented in March 2014 by Jane Wilkinson, Director of Climate Policy Initiative, this presentation: Provides a quick overview of the OECD-CPI Consultation on Tracking climate finance; Summarises the CPI approach (Who is a Development Finance Institution or DFI? DFIs in the global landscape of climate finance; the availability and source of DFI climate finance data; compatibility of DFI data with other data sources); Provides some suggestions of a way forward.TRANSCRIPT
Availability, source & use of DFI climate finance data
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BRAZILCHINAEUROPEINDIAINDONESIAUNITED STATES
+39 041 2700 426Island of San Giorgio Maggiore 830126 VeniceItalyclimatepolicyinitiative.org
Availability, source and use of DFI data in the
CPI Landscapes of Climate FinanceOECD Rio Marker Task Team meeting, March 2014
Jane Wilkinson, Director
Availability, source & use of DFI climate finance data
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Overview of Presentation
• Quick recap of OECD-CPI Consultation on Tracking Climate Finance
• Summarize CPI approach- Who is a Development Finance Institutions
(DFI)?- DFIs in the Global Landscape of Climate
Finance 2013- Availability and source of DFI climate
finance data- Compatibility of DFI data with other data
sources
• Some suggestions for a way forward
Availability, source & use of DFI climate finance data
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Recap: OECD-CPI Consultation on Tracking Climate Finance, Warsaw, COP 19
• Improve tracking to ensure– Robustness and transparency– Incentives that encourage mainstreaming
and prioritize climate change– Situate/understand climate finance in a
broader context• Principles for better tracking– Better definitions and methods– Robust and integrated data management– Enhanced disclosure– Balance
Availability, source & use of DFI climate finance data
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Recap Continued
• What might improve tracking and transparency?– Bring OECD reporting system, MDB reporting
initiative and DFI surveys closer together– OECD DAC CRS is a good starting point
• Broaden participation– Engage more openly with developing
countries– Use informal work of ENVIRONET and WP-
STAT Task Team– Strengthen developing country ability to
track finance
Availability, source & use of DFI climate finance data
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Who is a Development Finance Institution (DFI)?
Note: only institutions listed that are considered under the Global Landscape of Climate Finance 2013
Availability, source & use of DFI climate finance data
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DFIs in the Global Landscape of Climate Finance (USD billions flowing in 2011/2012)
Availability, source & use of DFI climate finance data
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The private sector provides the lion’s share of finance.
PRIVATE
62%$224bn
PUBLIC
38%$135bn
The public sector plays a central role providing incentives, low-cost loans, risk coverage mechanisms, direct project investment, and technical support.
DFIs as key actors in the Global Landscape 2013
DFIs $121 bn
Government Budgets$9-16 bn
Climate Funds
$1.6 bn
ProjectDeveloper
s$102 bn
Corporate
Actors$66 bn
Households
$33 bn
Commercial Financial
Institutions$21 bn
Institutional Investors$0.4 bn
Venture CapitalPrivate Equity
Infrastructure Funds$1.2 bn
$359 bn
Availability, source & use of DFI climate finance data
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Availability and source of DFI climate finance data
- DFI reporting to OECD DAC CRS system (Rio markers)- Pro: common definitions, review process, project level data is public,
compatible with ODA Rio marker data- Con: limited coverage of DFIs unitl now, 2012 data only in 2014
- MDB climate finance joint report- Pro: full coverage of MDBs, common approach among MDBs , 2012 data in
2013- Con: project level data is not public, compatibility with other data?
- IDFC green finance mapping- Pro/Con: similar for DFIs under the IDFC as for MDB joint reporting
- CPI surveys for DFIs (used for Global & Indonesian Landscape)- Pro: large coverage (40+), same definition/reporting format, 2012 data in 2013- Con: ‘black box’ , CPI has no project level data, no control whether DFIs use the
same approach / follow the given definition / methodology (compatibility has to be improved by intensive dialogue with individual DFIs)
Availability, source & use of DFI climate finance data
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Compatibility of DFI data with other data sources
• Data of individual DFIs is largely compatible but there are inconsistencies
- between MDBs and non-MDBs; among non-MDBs- in terms of: granularity of coding, inclusion of activities, stage of projects
• Global and local DFI offices may have different views (Indonesia)
• It is possible that DFIs definitions may differ from national players in developing countries (Indonesia)
• DFI reporting under OECD DAC CRS allows for compatibility with ODA data
• More consistent definitions mitigation than for adaptation data; MDB list of mitigation activities are an interesting way forward
• Making DFI data as compatible as possible with CPI definition was time consuming (Indonesia, Global)- Compatibility much easier to achieve if project level
data
Availability, source & use of DFI climate finance data
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Suggestions for the way forward
For a full and high quality climate finance overview, we need:- Common definitions / reporting formats
- List of activities included/excluded could help- Common application of definitions; can be
improved with;- Transparency when reporting - Review system
- Common database / tracking system, or ways to avoid double counting of flows - Project level reporting can help to identify
overlaps- Identify ways to address the confidentiality
issue that some DFIs face
Availability, source & use of DFI climate finance data
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Additional information
www.ClimateFinanceLandscape.org
www.ClimatePolicyInitiative.org
BRAZILCHINAEUROPEINDIAINDONESIAUNITED STATES
+39 041 2700 426Island of San Giorgio Maggiore 830126 VeniceItalyclimatepolicyinitiative.org
Thank you!