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Climate Finance in 2013-14 and the USD 100 billion goal
The report estimates that climate finance mobilised by developed countries for developing countries reached USD 61.8 billion in 2014 and USD 52.2 billion in 2013, with a two-year average of USD 57.0 billion. Public finance remains the dominant source, accounting for 71% of the average total, while mobilised private finance accounts for 26%. The findings highlight a significant increase in bilateral public finance and a substantial rise in outflows from Multilateral Development Banks (MDBs) between 2013 and 2014. The report emphasizes that the majority of finance (77%) targets mitigation, with adaptation receiving 16%. It also details the methodological challenges in tracking private finance and the attribution of multilateral flows to developed countries.
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Document type: Report