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The report defines climate finance readiness as the capacity of countries to manage international and domestic climate finance to support national development and Millennium Development Goals (MDGs). It proposes a framework consisting of four main components: financial planning, accessing finance, delivering finance through project implementation, and monitoring, reporting, and verifying (MRV). The framework provides detailed requirements for these areas, such as identifying funding sources for planning and preparing greenhouse gas (GHG) inventories for mitigation MRV, while offering tools to assist decision-makers in developing countries.

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  • Climate finance readiness is defined as the capacity of countries to plan, access, deliver, and monitor both domestic and international climate finance so that it is catalytic and integrated with national development priorities and the Millennium Development Goals (MDGs).
  • The readiness framework is structured around four primary components: financial planning, accessing finance, delivering finance (implementation of projects and programmes), and monitoring, reporting, and verifying (MRV).

Cite the original document

APA
Vandeweerd, V., Glemarec, Y., & Billet, S. (2012). 2. Readiness for Climate Finance. Climate and Development Knowledge Network. https://cdkn.org/story/2-readiness-for-climate-finance-a-framework-for-understanding-what-it-means-to-be-ready-to-use-climate-finance-undp
Chicago
Vandeweerd, Veerle, Yannick Glemarec, and Simon Billet. 2. Readiness for Climate Finance. Climate and Development Knowledge Network, 2012. https://cdkn.org/story/2-readiness-for-climate-finance-a-framework-for-understanding-what-it-means-to-be-ready-to-use-climate-finance-undp.
Wikipedia
{{cite report |last1=Vandeweerd |first1=Veerle |last2=Glemarec |first2=Yannick |last3=Billet |first3=Simon |title=2. Readiness for Climate Finance |publisher=Climate and Development Knowledge Network |date=March 2012 |url=https://cdkn.org/story/2-readiness-for-climate-finance-a-framework-for-understanding-what-it-means-to-be-ready-to-use-climate-finance-undp |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{vandeweerd2012readiness, author = {Vandeweerd, Veerle and Glemarec, Yannick and Billet, Simon}, title = {{2. Readiness for Climate Finance}}, institution = {Climate and Development Knowledge Network}, year = {2012}, month = mar, url = {https://cdkn.org/story/2-readiness-for-climate-finance-a-framework-for-understanding-what-it-means-to-be-ready-to-use-climate-finance-undp}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

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