Climate-related development finance in 2013-14

Climate-related development finance in 2013-14 OECD Development Co-operation Directorate Paris, November 2015

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Climate-related development finance DATA CAPTURED IN DAC STATISTICS (2013-14)

bilateral projects from 32 countries

+ 2000

multilateral projects from 17 institutions

+ 40

fields in the database, all publicly available!

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arker

Climate-related development finance MITIGATION & ADAPTATION

Mitigation only 63%

Both Adaptation only 12% 25%

Total climate-related development finance =

75%

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional.

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+

37%

- 12%

Climate-related development finance

BY PROVIDER

Bilateral DAC Members Multilateral Dev. Banks

15.2 bn

10.4 bn

18.8 bn

Climate-specific & related funds

2.5 bn

South-South & non-DAC providers

0.7 bn

Private finance mobilised

2.6 bn

Rio marker - Principal Rio marker - Significant MDB Joint Approach Climate components Either Rio marker or MDB Joint Approach

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional. DAC statistics capture data on climate-related development finance, from DAC members, MDBs, international organisations and increasingly from non-DAC providers. Private finance estimates are from OECD DAC Survey on mobilisation. Data recorded in DAC statistics is not equivalent to that reported as climate finance towards the USD 100bn goal, and is not comparable to the recent estimates in the OECD study Climate Finance in 2013-14 and the USD 100 billion goal in collaboration with CPI (see http://www.oecd.org/env/cc/oecd-cpi-climate-finance-report.htm) THE DEVELOPMENT ASSISTANCE COMMITTEE: ENABLING EFFECTIVE DEVELOPMENT

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Climate-related development finance BILATERAL ODA from DAC MEMBERS Bilateral climate-related commitments reached USD 25 billion on average per year in 2013-14, representing 18% of total bilateral Official Dev. Assistance (ODA).

Share of bilateral ODA

USD billion, constant 2013 prices

30

18 %

Rio marker - Principal 16 %

25

Rio marker - Significant 13 %

20 15 5%

10 4%

4%

5 0 2003-4

2005-6

2007-8

2009-10

2011-12

2013-14

Source: OECD DAC. Two-year averages, 2014 data are provisional. Reporting on the mitigation marker became mandatory in 2007, and the adaptation marker was introduced only in 2010; thus data on earlier years is under-estimated. The Rio makers are descriptive, allowing for an approximate quantification of financial flows. Not all climate-related ODA is reported to the UNFCCC as climate finance: out of total bilateral climate-related ODA in 2013-14 (USD 25.1 billion on average per year), only a share is reported as climate finance (preliminary estimate: USD 19.1 billion on average per year). This reflects how Party reporting to UNFCCC, whilst often based on, is not directly comparable to the DAC climate-related development finance statistics.

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Climate-related development finance

BY FINANCIAL INSTRUMENT

Mitigation

Adaptation 90 %

68 %

32 %

Grant Loan

10 %

Equity Concessional

Non concessional

Percentage of total mitigation-related finance

Concessional

Percentage of total adaptation-related finance

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional.

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Non concessional

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Climate-related development finance

BY INCOME GROUP

Mitigation

Adaptation

80%

61% 39%

20% Least developed Middle & low-income income countries countries

Least developed Middle & low-income income countries countries

By financial instrument

Grant

Concessional loan

Non-concessional loan

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional.

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Equity

Climate-related development finance

Percent of total climate-related development finance

TOP 5 SECTORS

Top 5 sectors account for over 70% of total climate-related development finance.

27 % 19 %

11 %

Energy generation & supply

Transportation & storage

General environmental protection

10 %

Agriculture, rural development, forestry & fishing

8%

Water & sanitation

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional.

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Climate-related development finance CLIMATE OBJECTIVES INTEGRATED INTO KEY SECTORS 3% 56%

24%

6%

Transportation & storage

69%

7%

24%

Energy generation & supply

41%

11%

Agriculture, rural development, forestry & fishing

59%

5%

3% 29%

Identified as climate-related

{

63%

Water & sanitation

Mitigation-related Adaptation-related

Not identified as climate-related

Both mitigation & adaptation

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional. The bar represents total ODA per sector and the climate-related share within that total.

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Climate-related development finance

BY REGION

Mitigation

Adaptation

Both mitigation & adaptation

Europe

America

Asia

Africa Oceania

Source: OECD DAC. 2013-14 average, USD constant 2013 prices, 2014 data are provisional.

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Climate-related development finance PRIVATE AMOUNTS MOBILISED Climate-related

Not climate-related

2.6 bn

13.3 bn

Adaptation only, 2 % Mitigation only

Both

62 %

36 %

Shares in investment funds, 12% Guarantees

Syndicated loans

44 %

44 %

Source: OECD DAC Survey on mobilisation. 2013-14 average, USD constant 2013 prices. See oe.cd/DevFinanceMobilisation. These figures are not directly comparable with recent estimates of the OECD report Climate Finance in 2013-14 and the USD 100 billion goal in collaboration with CPI (see http://www.oecd.org/env/cc/oecd-cpi-climate-finance-report.htm).

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For more information: oe.cd/RioMarkers oe.cd/climateDACstats www.oecd.org/dac/stats

Contact: dac.contact@oecd.org

November 2015

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