From Commitments to Capital: Are New NDCs Built to Mobilize Climate Investment?

The report evaluates 18 updated NDCs from non-Annex I countries using a new Climate Policy Initiative (CPI) framework focused on needs, design, and credibility. While some countries have improved their quantification of finance needs and integration with national plans, the report finds that most NDCs still lack the granular cost estimates and detailed implementation roadmaps necessary to effectively signal investment opportunities to private and public capital.

• As of May 31, 2025, only 22 parties had submitted updated NDCs, and only 15 of those quantified climate finance needs to some degree.
• Among the 18 non-Annex I NDCs analyzed, 13 quantify climate finance needs, but only five provide granular, sector-specific cost estimates. Five of these updated NDCs do not quantify climate finance needs at all.
• Private sector mobilization strategies remain largely underdeveloped; while six NDCs showed enhancement, eight of the 14 references to private sector engagement were high-level or unspecific. Brazil is noted as an exception, providing a detailed strategy including sustainable sovereign bonds and a currency hedging program.
• Implementation planning is generally weak; although all 18 analyzed NDCs include a general implementation plan, only two demonstrate a high level of detail regarding legal frameworks, budgets, and implementing bodies. Cuba is highlighted for outlining targets, timeframes, and cost estimates per mitigation measure.
• Overall progress is characterized as incremental, with most countries showing limited change across indicators compared to previous NDCs, suggesting persistent capacity constraints.

APA

Climate Policy Initiative (2025). From Commitments to Capital: Are New NDCs Built to Mobilize Climate Investment? https://www.climatepolicyinitiative.org/publication/from-commitments-to-capital-are-new-ndcs-built-to-mobilize-climate-investment/

Chicago

Climate Policy Initiative. From Commitments to Capital: Are New NDCs Built to Mobilize Climate Investment? 2025. https://www.climatepolicyinitiative.org/publication/from-commitments-to-capital-are-new-ndcs-built-to-mobilize-climate-investment/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=From Commitments to Capital: Are New NDCs Built to Mobilize Climate Investment? |date=24 July 2025 |url=https://www.climatepolicyinitiative.org/publication/from-commitments-to-capital-are-new-ndcs-built-to-mobilize-climate-investment/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025from, author = {{Climate Policy Initiative}}, title = {{From Commitments to Capital: Are New NDCs Built to Mobilize Climate Investment?}}, institution = {Climate Policy Initiative}, year = {2025}, month = jul, url = {https://www.climatepolicyinitiative.org/publication/from-commitments-to-capital-are-new-ndcs-built-to-mobilize-climate-investment/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }