Climate Change Finance Tracking

Climate Change Finance Tracking

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Climate public investment tracking is one of the important climate related investment planning and management tools designed to understand a country's resource commitments to address the adverse effects of climate change. It is becoming increasingly important to track and report financial flows that support climate change mitigation and adaptation, to build trust and accountability with regard to climate finance commitments and monitor trends and progress in climate-related investment. However, the current arrangements in place demands more transparency, comparability and comprehensiveness which are very important for the government and Planning Commission.

The key objectives of this exercise are to: report on climate investment flows aligned with national climate strategies and plans, improve the governance of climate related investments, facilitate the assessment of results from climate investments and support better project design

Key features of the Climate Public Investment Tracking
  • Based on the updated Climate Fiscal Framework (CFF 2020) and Climate Public Finance Tracking Methodology (Finance Division, 2018)
  • Possible options for integration of this module in the e-PMS of IMED or ADP Management System (AMS) of Programming Division
  • A methodology for climate investment tracking has been formulated in discussion with PD and IMED

Climate Public Investment Tracking Approach

BCCSAP

Thematic Area

Climate investments are aligned with the thematic areas and programmes of Bangladesh Climate Change Strategy and Action Plan (BCCSAP 2009).

Climate Relevant

Programmes

All targeted climate change adaptation or mitigation projects and programmes are considered to be 100% climate relevant.

Climate Relevant Criteria

detail programges

Introduced 45 climate relevance criteria, that include ‘44 programmes of the BCCSAP’, and a criteria to capture ‘non-climate relevant/development finance

Dimension & Sensitivity

Climate Relevance Weigth

Estimated the climate relevance weight based on climate dimension and climate sensitivity of a relevance criteria

Allocation

Based on Identification

Projects are usually complex in nature and may match with more than one climate relevance criteria. They are identified based on allocation (criteria with maximum climate allocation comes first)

Main approaches for weighting climate relevance have been used by countries - the objective-based approach and the benefits-based approach. Typically, the former is simpler, while the latter is more complex and time-consuming, but potentially more robust. With lessons from the countries across the globe practicing the climate finance tracking and the advantages and disadvantages of different tracking approaches, the planning commission may adopt a hybrid approach that can be better described as 'Objective-Based Cost Component Approach' to tap maximum advantages from both the approaches. This approach not only classifies the climate relevance of projects and programmes, but also uses scientific basis for weighting the investment proposals made for those projects/programmes.
Climate Change & impacts

Key Message
Climate basics
Facts and Figure
Water Resource Scenarios

NAP

NAP Sectors
Pilot Programmes
Risk and Vulnerabilities
Adaptation Priorities

IKM Tools

Climate Vulnerability Atlas
Climate Impact Atlas
Time Series Map
External Resources