Global Climate Finance: An Updated View on 2013 & 2014 Flows

The report updates global climate finance data for 2013 and 2014, finding an annual average of USD 367 billion. It highlights the dominance of renewable energy and domestic investment, while noting a shift where developing countries began receiving more investment than developed countries in 2014. The document also identifies significant data gaps in adaptation and energy efficiency tracking.

• Total global climate finance increased by 9% between 2012 and 2014, with flows decreasing by 5% in 2013 and then increasing by 15% in 2014. The updated annual totals are USD 342 billion for 2013 and USD 392 billion for 2014, resulting in an annual average of USD 367 billion.
• Renewable energy was the primary sector for climate finance, accounting for over 70% of flows from 2012 to 2014. This was accompanied by a decrease in technology costs, meaning that in 2014, the same level of investment as in 2012 deployed an additional 10 GW of onshore wind and solar PV.
• Domestic investment predominated over international flows, making up 74% of all tracked global climate finance in 2013 and 2014. On average, USD 136 billion was invested domestically in developing countries and USD 135 billion domestically in developed countries.
• A shift in investment distribution occurred between 2013 and 2014; while developed countries received approximately 2% more investment than developing countries in 2013, developing countries received over 11% more investment than developed countries in 2014.
• Public investment in adaptation rose from USD 22 billion in 2012 to USD 27 billion in 2013, remaining at that level in 2014. In 2013 and 2014, an average of 52% of this finance was international and 48% was domestic.
• Private commercial finance grew from USD 22 billion in 2012 to an annual average of USD 37 billion for 2013-2014, driven by increased investor confidence in mature renewable energy technologies. Market rate debt from public and private institutions saw a 78% increase from 2012 to 2014.
• Public investment in energy efficiency declined from USD 32 billion in 2012 to USD 26 billion in 2014. The report notes that captured figures represent only a small fraction of estimated global needs, which range from USD 90 to 365 billion annually.

APA

Mazza, F., Falzon, J., & Buchner, B. (2016). Global Climate Finance: An Updated View on 2013 & 2014 Flows. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2016/10/Global-Climate-Finance-An-Updated-View-on-2013-and-2014-Flows.pdf

Chicago

Mazza, Federico, James Falzon, and Barbara Buchner. Global Climate Finance: An Updated View on 2013 & 2014 Flows. Climate Policy Initiative, 2016. https://www.climatepolicyinitiative.org/wp-content/uploads/2016/10/Global-Climate-Finance-An-Updated-View-on-2013-and-2014-Flows.pdf.

Wikipedia

{{cite report |last1=Mazza |first1=Federico |last2=Falzon |first2=James |last3=Buchner |first3=Barbara |title=Global Climate Finance: An Updated View on 2013 & 2014 Flows |publisher=Climate Policy Initiative |date=October 2016 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2016/10/Global-Climate-Finance-An-Updated-View-on-2013-and-2014-Flows.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{mazza2016global, author = {Mazza, Federico and Falzon, James and Buchner, Barbara}, title = {{Global Climate Finance: An Updated View on 2013 \& 2014 Flows}}, institution = {Climate Policy Initiative}, year = {2016}, month = oct, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2016/10/Global-Climate-Finance-An-Updated-View-on-2013-and-2014-Flows.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }