CCXG Global Forum September 2017, BG2 Transparency of reporting on finance: Enhanced reporting on finance provided and mobilised by Alpha Kaloga

1. Kaloga, Alpha Oumar
GUINEA
12.09.2017
Transparency of reporting on
finance: Enhanced reporting on
finance provided and mobilized

2. Transparency of reporting on finance: Enhanced reporting on
finance provided and mobilized
 Some key features for enhanced reporting and transparency of climate
finance are required to fulfil the expectation of all Parties to the
Agreement
1. Provide clarity & through sufficient details on reported financial support
provided and mobilized
2. Need to address definitional and methodological gaps
3. Mutually agreement on what is reported as climate finance?
4. Focus on financial support specifically aimed at supporting climate action.
5. Focus on the net value of provided support
6. Developing modality for reporting and accounting climate finance received
7. Ensure consistency in the use of guidance, modalities and methodologies n

3. Transparency of reporting on finance: Enhanced
reporting on finance provided and mobilized
 Bilateral climate finance
 More granularity through the provision project level/ component information
 toward a quantitative rather than a descriptive approach
 Climate Specificity
 Net value Vs Face value
 Solve the inconsistency across different reports (NC, BR and Strategies and Approaches
submitted to UNFCCC
 Climate finance through multilateral channels
 Information on imputed multilateral contributions, i.e. a percentage of their core
contribution, based on the totals reported by the MDB on overall climate-specific
financing by MDBs
 Enhanced understanding of the outflow of finance from multilateral channels to
developing country Parties
 To the extent possible MDB’s to provide information on climate finance provided as
granular as by bilateral resources

4. Transparency of reporting on finance: Enhanced
reporting on finance provided and mobilized
 Mobilized climate finance through public intervention
 a common methodology at the UNFCCC level on how to estimate climate finance mobilized
 Clear guidance on attribution and causality of support, and time of estimation
 To the extent possible provide more granular information at project level
 Defining public and private finance, in particular in cases where entities or funds are
mixed;
 (i) attributing mobilized private finance, where multiple public actors are involved; and
 (ii) assessing causality between public interventions and flows of private finance

5. Biennial Communications on Indicative
Support (BCIS) as envisaged in Art 9.5
 Developed countries shall submit Biennial Communications of Indicative
Support (BCIS) >>>
 in connection with para 55 initiates the process of defining that information,
decision 9./CP21 (methodologies for reporting climate finance information) is
instructive in that regard on the type of information
 Inform the transparency framework – for upfront aggregation- or to track
progression in support to be provide
 Time frame: Link to INDC submission time frame. In the year of NDC
submission, BCIS should be in conjunction and in line with the NDC time frame
(projected levels of public financial resources to be provided to developing
country Parties)

6. Merci de votre attention