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Monitoring Climate Finance in Developing Countries: Challenges and Next Steps
The document reports on three regional workshops held in 2012 and 2013 in Jakarta, Nairobi, and Bogota, focusing on the difficulties developing countries face in tracking climate finance. Key obstacles include the lack of a consistent global definition of climate finance, poor inter-agency coordination, and limited data on private and NGO investments. The paper recommends that countries adopt national definitions suited to their circumstances, strengthen institutional arrangements such as focal units or coordinating committees, and that development partners increase transparency and utilize recipient country systems for reporting.
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Document type: Research paper
wri13_monitoringclimate_final_web-da7683340f408d18.pdf
This World Resources Institute working paper reports on three workshops held in Asia, Africa, and Latin America to identify challenges developing countries face in monitoring and tracking climate finance. It details nine primary technical, political, and capacity barriers, ranging from inconsistent definitions and lack of institutional coordination to the limited transparency of development partners and the difficulty of tracking private financial data.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper