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Between 2019 and 2023, Indonesia's power sector saw total reported investments of USD 38.02 billion, with fossil fuels (FF) dominating at 62% of the share. The report highlights a significant gap in 'unreported' investment in captive coal-fired power plants (CFPPs), estimated at USD 10.63 billion. While renewable energy (RE) investment reached USD 8.85 billion, it remains concentrated in baseload sources like hydropower and geothermal. Private international financial institutions are the primary drivers of fossil fuel investment, whereas RE is increasingly supported by domestic private sources. Analysis of PLN reveals that coal plants account for 46% of annual operating costs, and PLN-owned solar plants suffer from severe inefficiency with a capacity factor of only 4% compared to a 16% benchmark.

Between 2012 and 2021, the North Region of Brazil received R$ 30.6 billion (US$ 11.1 billion) for land transport infrastructure, representing 17% of the national total tracked. Public sources provided 78% of this funding, with the federal government as the primary source. The rail sector was the largest beneficiary in the North, receiving 55% of resources, heavily driven by the Carajás Railroad. In contrast, public budget funds in the North were overwhelmingly directed to highways (99%), primarily for maintenance and operation (79%). While private finance via incentivized debentures grew nationally, it accounted for 22% of the North's flows. Multilateral Development Banks (MDBs) contributed R$ 3 billion, with the New Development Bank (NDB) being the most active in the region. The report emphasizes that without improved governance and rigorous socio-environmental analysis, these investments risk driving deforestation in the Amazon.

In 2019/2020, Nigeria received an average of USD 1.9 billion annually in climate finance, representing only 11% of the USD 17.7 billion needed annually for its conditional NDC. Public finance dominated at 77% of total flows, primarily delivered as concessional debt. Mitigation finance (USD 1.1 billion) outweighed adaptation finance (USD 663 million), despite high vulnerability to climate shocks. Energy systems received the most investment, particularly solar, while sectors like waste and industrial processes remained severely underfunded. The report highlights a significant contradiction between climate finance flows and continued heavy investment in fossil fuels, noting one LNG project alone received USD 2.77 billion. Key barriers include limited private sector mobilization, capacity constraints in GHG reporting, and a lack of national climate budget tagging.

In 2015, Côte d’Ivoire received FCFA 16.8 billion in REDD+ aligned finance, a small fraction of the estimated FCFA 173 billion needed annually to reach its 2030 forest cover target. The report highlights a significant gap between ambition and means, noting that 87% of relevant international finance (FCFA 80 billion) was 'grey'—meaning it lacked safeguards to prevent deforestation. Key institutional bottlenecks include SODEFOR's inability to execute its reforestation budget and a lack of mainstreaming of forest protection in national planning. The report argues that 'greening' existing agricultural finance could increase aligned funding five-fold. It recommends creating a National REDD+ Fund, improving land tenure security, and leveraging the success of the OIPR's debt-swap funding model.

In 2011, Indonesia disbursed at least IDR 8,377 billion (USD 951 million) in public climate finance, with the domestic government providing 66% of these funds. The majority of domestic spending (73%) targeted 'indirect activities' such as policy development, primarily in the forestry sector. International development partners contributed 34% of the total, with a stronger focus on direct mitigation and adaptation projects, particularly in energy. The report identifies significant tracking gaps, especially regarding adaptation finance, and highlights the limited role of local governments and the untapped potential of state-owned enterprises (SOEs) in delivering climate action.