Domestic Climate Finance Mapping and Planning: Virtual Workshop, 2021 – Summary

The report details a virtual workshop held on January 21, 2021, which brought together over 200 participants from more than 60 countries to discuss domestic climate finance tracking. Key discussions centered on integrating climate budget tagging into national planning, the role of taxonomies in mobilizing private capital, and the necessity of credible sectoral roadmaps to align financial flows with the Paris Agreement. The document highlights specific national examples, such as Indonesia's use of budget tagging for Green Sukuk issuance and South Africa's development of a green finance taxonomy.

• Domestic climate finance tracking is used to identify financial gaps and enhance resource mobilization, while also supporting the Paris Agreement's 'Enhanced Transparency Framework' by helping parties report on finance provided, received, or needed in biennial transparency reports.
• Integrating climate finance tracking into public budgeting is essential for strategic resource allocation; for example, Indonesia utilized climate budget tagging data as a reference for issuing Green Sukuk (green bonds) to fund climate actions and achieve SDG targets.
• To mobilize private sector capital, countries are developing standardized taxonomies and metrics to reduce information asymmetry and greenwashing risks. South Africa recently released a technical paper introducing a green finance taxonomy to standardize projects and resource mobilization across the financial sector.
• A major barrier to private investment is the lack of credible sectoral roadmaps and investment-grade policies. The UK's Committee on Climate Change 6th Carbon Budget Report is cited as a positive example for providing detailed investment requirements by sector for the transition.
• Countries are expanding their tracking efforts to include adaptation and subnational levels. Indonesia implemented climate budget tagging for adaptation in 2020, with 43% of its climate budget allocation focused on adaptation, and piloted subnational budget tagging in 11 provinces.
• Gender mainstreaming is being integrated into climate finance tracking, with Ecuador developing a gender-relevant climate index as part of its ongoing Climate Public Expenditure and Institutional Review (CPEIR).

APA

Climate Policy Initiative (2021). Domestic Climate Finance Mapping and Planning: Virtual Workshop, 2021 – Summary. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/01/Domestic-Tracking-Workshop-2021-Summary-EFI-CPI-UNDP.pdf

Chicago

Climate Policy Initiative. Domestic Climate Finance Mapping and Planning: Virtual Workshop, 2021 – Summary. 2021. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/01/Domestic-Tracking-Workshop-2021-Summary-EFI-CPI-UNDP.pdf.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Domestic Climate Finance Mapping and Planning: Virtual Workshop, 2021 – Summary |date=2021 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2021/01/Domestic-Tracking-Workshop-2021-Summary-EFI-CPI-UNDP.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2021domestic, author = {{Climate Policy Initiative}}, title = {{Domestic Climate Finance Mapping and Planning: Virtual Workshop, 2021 – Summary}}, institution = {Climate Policy Initiative}, year = {2021}, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2021/01/Domestic-Tracking-Workshop-2021-Summary-EFI-CPI-UNDP.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }