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The briefing outlines the complexities of establishing the New Collective Quantified Goal (NCQG) for climate finance, emphasizing the need for a science- and equity-based approach over purely political targets. It highlights the lack of a common definition for climate finance and the necessity of aligning the NCQG with the Paris Agreement's articles and the actual needs of developing countries. The text argues for a more balanced allocation between mitigation and adaptation, the inclusion of loss and damage, and a focus on fair access to finance that avoids increasing the debt burden of vulnerable nations.

The report finds that implementing Africa's NDCs will cost approximately USD 2.8 trillion between 2020 and 2030, with a 'climate finance need' of USD 2.5 trillion after accounting for USD 264 billion in domestic public commitments. Current annual flows of USD 30 billion cover only about 12% of the required USD 250 billion per year. Mitigation accounts for 66% of needs, dominated by the transport sector (largely due to South Africa), while adaptation represents 24%, likely underestimated due to data gaps. The report highlights a heavy reliance on public finance (87%) and recommends that the UNFCCC provide standardized guidance and capacity support to improve the robustness of national needs assessments.

The report finds that implementing Africa's NDCs will cost approximately USD 2.8 trillion between 2020 and 2030, with a 'climate finance need' of USD 2.5 trillion after accounting for domestic public commitments. Current annual flows of USD 30 billion cover only about 12% of the required USD 250 billion per year. Mitigation accounts for 66% of needs, heavily skewed toward South Africa's transport sector, while adaptation represents 24%, likely underestimated due to data gaps. The report highlights a significant reliance on public funding (87%) and recommends that the UNFCCC develop standardized guidance and that countries adopt more participatory, bottom-up needs assessments to mobilize private capital.

The Global Landscape of Climate Finance 2021 reports that annual climate finance reached USD 632 billion in 2019/2020, though growth has slowed. The report highlights a massive investment gap, noting that an increase of at least 590% is needed to meet 2030 climate objectives. Mitigation remains the dominant focus, particularly in renewable energy and low-carbon transport, while adaptation finance continues to lag, relying almost entirely on public sources. Geographically, investments are heavily concentrated in East Asia & Pacific, Western Europe, and North America, with China accounting for an estimated 81% of investments in its region.

The document argues that Africa faces an existential crisis due to climate change, yet adaptation finance remains critically low compared to mitigation. It identifies barriers such as the perception of adaptation as a public good, lack of bankable proposals, and inadequate climate data. To address these, the brief recommends demonstrating the business case for adaptation to attract private capital, strengthening government technical capacity, introducing adaptation levies, and lobbying for a distinct international goal for adaptation finance.

The document presents recommendations from African stakeholders to improve the quantum and quality of climate finance. Key priorities include establishing a global goal for adaptation finance, streamlining access to the Green Climate Fund (GCF), and creating national regulatory environments to unlock private investment. It emphasizes the need for grant-based finance to avoid exacerbating debt crises and calls for a broader definition of return on investment for adaptation projects.

The proposal seeks USD 762,359 over 18 months to address Saint Lucia's fiscal vulnerability and decreasing Official Development Assistance (ODA). It focuses on five workstreams: accessing the green bond market, developing a debt-for-climate swap roadmap, greening the local financial sector, increasing capacity for Public-Private Partnerships (PPPs), and developing a concept note for a 'Green Affordable Housing' project. The project is implemented by the Global Green Growth Institute (GGGI) in collaboration with the Government of Saint Lucia.

The briefing outlines five critical areas for success at COP26: increasing the ambition of Nationally Determined Contributions (NDCs), mobilizing international climate finance for developing nations, prioritizing global climate adaptation, finalizing rules for international carbon markets under Article 6 of the Paris Agreement, and aligning private investments with climate goals through standardized financial reporting.

The South Asia Regional Resilience Dialogue emphasizes the need to reposition local actors, particularly women and youth, as agents of change rather than victims. It identifies systemic barriers such as top-down interventions, limited recognition of women's efforts, and inflexible financial architectures. The document advocates for decentralized finance delivery, the co-creation of knowledge, and the mobilization of diverse funding sources, including private sector investment and microfinance, to ensure climate resources reach the most vulnerable populations.

The Adaptation Benefits Mechanism (ABM) is a results-based financing tool that uses grants to repay commercial investors based on third-party valuations of adaptation benefits. Launched in 2019 and running through 2023, the pilot phase aims to deploy USD 50 million, with the African Development Bank leading implementation. The mechanism is particularly suited for land use and forestry projects and requires the involvement of project beneficiaries in design and monitoring. While applicable globally, Ghana and Cote d’Ivoire are identified as the most supportive countries for proposing pilot projects.

The GCF Secretariat report for the period ending 31 July 2021 indicates that programming and implementation targets are largely on track, with 76% of the portfolio now under implementation. Key achievements include the approval of USD 1.2 billion in funding at the B.28 meeting and the adoption of the Integrated Results Management Framework (IRMF) at B.29. The Secretariat is working to diversify its private sector portfolio and improve direct access for entities. However, the Simplified Approval Process (SAP) targets are likely to remain unmet due to slow proposal development. The report also highlights the impact of COVID-19 on project expenditure and the ongoing efforts to finalize bilateral privileges and immunities agreements.

The report highlights a significant gap in adaptation finance, noting that while total global climate finance reached US$437 billion in 2015, only 16 percent was dedicated to adaptation. It argues that public finance is insufficient to meet the projected costs of building resilience in the developing world, which could reach US$500 billion by 2050. The text identifies critical barriers to private sector engagement, including a lack of predictable returns, deficient regulatory frameworks, and knowledge gaps regarding climate vulnerability. It further examines how climate change threatens key sectors—agriculture, energy, health, and transport—while suggesting that these vulnerabilities also present new market opportunities for climate-resilient products and infrastructure.

The document is a Readiness support proposal submitted to the Green Climate Fund (GCF) to help Georgia update its Technology Needs Assessment (TNA). The project, implemented by UNEP on behalf of the Climate Technology Centre and Network (CTCN), aims to identify and prioritize low-emission and adaptation technologies in the energy, agriculture, industry, and waste sectors. With a requested budget of USD 487,725 over 18 months, the initiative will establish a National TNA Committee, develop Sectoral Technology Action Plans, and create a financial mobilization strategy including new business models to attract private sector investment. The ultimate goal is to translate these findings into bankable GCF project proposals to reduce greenhouse gas emissions and enhance economic resilience.

The report finds that urban adaptation finance is significantly underfunded, representing only 3-5% of total global adaptation flows, with an estimated annual investment of up to USD 3.7 billion against a projected need of USD 11-20 billion for urban infrastructure protection. Analysis of the Global Landscape of Climate Finance, World Bank PPI, and CDP Cities data reveals a heavy concentration of funding in the water and wastewater sectors and a geographic bias toward East Asia and the Pacific, particularly China. Key barriers to scaling finance include limited DFI mandates for sub-national investment, poor municipal creditworthiness, and a lack of standardized outcome metrics for private investors. The report recommends developing practitioner case study databases, improving urban boundary tracking, and expanding DFI mandates to work directly with cities.

The report analyzes climate finance in South Africa for 2017-2018, tracking an annual average of R62.2 billion. It identifies a significant gap between current funding and the R8.9 trillion estimated by the IFC as necessary to achieve South Africa's Nationally Determined Contributions (NDCs) by 2030. Public finance averaged R22 billion annually, with a strong domestic preference, while private finance averaged R35.3 billion, focused exclusively on mitigation. The document recommends developing standardized climate finance definitions, improving public-private coordination, and scaling blended finance to leverage private capital.

The Caribbean Development Bank (CDB) has established a four-year work programme (2020-2023) to scale up climate finance for its Borrowing Member Countries (BMCs). The strategy focuses on three main areas: public sector investment in water security, renewable energy, and resilient infrastructure; leveraging the private sector through financial sector transformation; and enhancing institutional capacity through GCF Readiness support. The pipeline includes regional programmes for financial transformation, Integrated Utilities Services (IUS) for energy, and water security, alongside single-country projects in The Bahamas, St. Kitts and Nevis, and Grenada. The CDB emphasizes the need for concessional financing to address high public debt levels exacerbated by the COVID-19 pandemic.

The briefing outlines four priority areas for climate negotiations leading up to COP26: finalizing the Paris Agreement rulebook (specifically common timeframes for NDCs, transparency frameworks, and Article 6 carbon markets), establishing metrics for adaptation and loss and damage, addressing the shortfall in public climate finance for developing nations, and bridging implementation gaps for the 'decade of ambition'. It highlights the role of the 2020 Climate Dialogues in maintaining momentum and warns that a lack of public funding and transparency from developed nations threatens trust and the success of future negotiations.

The Global Resilience Partnership (GRP), in collaboration with the UNDP and GEF, is seeking Expressions of Interest from organizations managing innovative finance mechanisms in fragile and conflict-prone regions. The initiative aims to support private sector solutions that address the 'triple threat' of COVID-19, climate change-induced extreme weather, and geopolitical instability. Selected organizations will receive grants, technical assistance from a multidisciplinary mentoring facility, and networking opportunities to improve the scale and effectiveness of their funds. Eligible mechanisms must be based in specific Least Developed Countries (LDCs), demonstrate a sustainable revenue model, and focus on the intersection of climate adaptation, food and water security, and disaster risk reduction.

The report analyzes the tracking of 'high-emissions finance'—defined as primary investment in assets with a material contribution to global GHG emissions—focusing on the power sector in 2017 and 2018. Using project-level datasets, the authors tracked USD 40.8 billion in annual average commitments, representing roughly one-third of the total fossil fuel power investment estimated by the IEA. The analysis reveals that public institutions, particularly export credit agencies and state-owned banks, and private commercial banks are major sources of this finance. Significant data gaps exist because investments made through corporate balance sheets are not captured in project-level data, particularly in Europe and China. The report recommends that public authorities mandate the disclosure of capital expenditures for high-emissions assets and establish technical emission thresholds to deter harmful investments.

The document records the disclosure of environmental and social impact assessments and management plans for the Miro Forestry & Timber Products subproject in Ghana and Sierra Leone, as well as the broader Arbaro Fund programme operating in Sub-Saharan Africa and Latin America.