New GIZ publication: Measuring, Reporting and Verifying Climate Finance. International State of Play and Future Perspectives
How can climate finance be better measured, reported and verified (MRV)? Various international efforts are currently underway to tackle the complex challenge of MRV of climate finance, which is highly relevant for two key reasons: on a political level, it is considered to be an important element for strengthening transparency, accountability and trust between developed- and developing-country Parties in the climate negotiation process and is particularly linked to the extent to which developed-country Parties have complied with their international commitment to mobilise USD 100 billion per year by 2020. On a practical level, MRV of climate finance can help to strengthen the efficiency and effectiveness of financial sources by tracing the scale, regional/sectoral distribution and use of public and private support. From a technical point of view, however, MRV of climate finance is exceedingly complex.
A newly published GIZ paper aims at stimulating the current debate by providing an update on MRV of climate finance at UNFCCC, OECD and EU level. Furthermore, it generates recommendations and pointers for future work and perspectives on MRV of climate finance.
The paper seeks to inform a range of different groups, including representatives of governmental organisations, actors involved in climate negotiations, donor agencies, national and international development banks and civil society.
The publication can be accessed through the following link: HERE
For more Information, please consult: Dr Iro Andrea, GIZ <firstname.lastname@example.org>