The Climate Policy Initiative's Global Landscape of Climate Finance aims to comprehensively track domestic and international investment from both the public and private sectors in activities that address and respond to climate mitigation and adaptation actions.
To inform the United Nations Framework Convention on Climate Change (UNFCCC) fourth Biennial Assessment and Overview of Climate Finance Flows, CPI has reviewed estimates using updated data on climate finance flows for the years 2017 and 2018, as previously reported in the Global Landscape of Climate Finance 2019.
Additionally, this update report offers a preliminary estimate for finance in 2019, drawing on data published in 2020. Reflecting a unique year for the global economy and to set the stage for the next full Landscape in 2021, CPI also makes a high-level and early assessment of the likely impact of the COVID-19 crisis on climate finance flows.
Finally, CPI looks to trends in the climate finance community, in policy and in financial sector practice which will be needed to meet the challenge of aligning finance flows across the whole economy with Paris climate goals.
Based on currently available information, the initial estimate suggests 2019 climate finance flows will amount to USD 608 – 622 billion, representing a 6% - 8% increase from 2017/18 averages. However, climate finance flows still appear to be far below the level needed to achieve Paris goals and there is also uncertainty over the mid to long-term prospects of climate finance due to the ongoing COVID-19 pandemic.