CCXG global forum, April 2024, Marta Torres-Gunfaus
Summary climate finance ccxg gf march 2014
1. Climate Change Expert Group www.oecd.org/env/cc/ccxg.htm
Co-facilitated by
Georg Børsting, Tosi Mpanu Mpanu, Herman Sips, Suzanty Sitorus
Climate finance replication
and scaling up – key points
CCXG Global Forum
19 March 2014
2. 2 Climate Change Expert Group
What is replication and scaling up?
Scaling up and replication
crucial for real
transformation
Different topics – may need
to be addressed separately
Include the diversity of
private sector actors
Replication and scaling up
for adaptation may need a
different recipe book than
for mitigation
3. 3 Climate Change Expert Group
Mitigation and adaptation finance
International finance not balanced at present;
replication risks repeating this imbalance
Projects have multiple aims; artificial divide
between mitigation vs adaptation not helpful for
replication and scaling up
Adaptation is case-specific; more likely to be
replicated if intervention aligned into a larger
programme/policy
Difficult to attract private adaptation finance if not
directly related to core business interests, e.g.
food industry and insurance
4. 4 Climate Change Expert Group
Modify to fit local contexts
Replication is not copying – need to modify to local
conditions
It’s not just the finance – domestic enabling conditions
key to moving to programme-level
Barriers include integrity of policies in the face of
competing development objectives; translating
commitment into actions that produce results
5. 5 Climate Change Expert Group
Multiple barriers exist
Information and knowledge gaps
what works and what doesn’t (monitoring and
evaluation – M&E- can help)
how to incentivise front runners
Capacity gaps in moving from planning to
implementation and in developing portfolios
Multiple financing instruments (e.g. capital cost
reduction, Feed-in tariff) may be needed for
projects that face multiple barriers and risks
Note that business cycles are much shorter than
public climate funding approval processes
6. 6 Climate Change Expert Group
Information flow and M&E key…
To provide enough information about what has
worked and what hasn’t … this can increase
political will and potentially also climate finance
delivery
Can also help to reduce risk and cost of project
development (e.g. via improved resource
surveys)
To help financial actors understand what the real
key risks are
Information needs to be packaged so that it
resonates with the business sector
7. 7 Climate Change Expert Group
… as are institutions
Strong institutional structure at a variety of levels
(national, sub-national) needed to plan, prioritise,
implement climate finance interventions.
Support is needed for intervention by government
Good, ongoing, communication and teamwork
between government and private sector also
needed
Alignment of donors is crucial
8. 8 Climate Change Expert Group
What creates appetite from the
private sector?
Enabling policy framework can help, whereas
legislative uncertainty is a key barrier
Reduced risk, e.g. via developing risk mitigation
instruments; allow flexibility in how risk is dealt with
Reduce high up-front capital costs – improve self-
sustainability of intervention
Reduce delays in funding approval and
disbursement (multilateral climate finance delivery
can be slow)
Knowledge of domestic institutional structure
Use programmatic rather than project approach
10. 10 Climate Change Expert Group
Possible future work
How to scale up private climate finance for adaptation?
Role that the 2015 agreement can play in enhancing the
enabling environment for climate finance
How to learn from Paris Declaration to improve country
ownership and donor co-ordination re climate finance
mobilised as part of the 2015 agreement
How can M&E help to identify best practice for climate
finance interventions
How can “adaptation contribution” be financed?
How can a future climate agreement provide incentives
for enhanced climate-related finance and investment
flows?
Notas do Editor
Replicating and scaling up are different. Replication is not copying – need to modify to local conditions (different herbs and spices)