At the country level, Susanne Olbrisch, a UNDP Climate Finance expert, is working with a broad range of countries to address different questions of climate finance. At the global level, UNDP is also working with other international agencies to harmonize what we are doing on climate finance. There, Susanne is the UNDP focal point in the inter-agency NDC Cluster on Finance. We sat down with Susanne to share with us her personal experience with supporting countries on climate finance assessments.

What does UNDP have on offer for countries in terms of dealing with climate finance?

UNDP has issued a range of approaches to track, assess and plan for climate finance.

What are the objectives of these approaches? How are they different from each other?

While some are focusing on aspects like private sector, budgets and investment risk, it is important to have a full view on all relevant stakeholders and spenders of climate finance, including the government, private sector and households. UNDP provides approaches for that.

From your experience working with different countries, what support services are in most demand?

When looking at climate finance, countries face the question of how to break down their national climate change commitments – the Nationally Determined Contributions – as well as SDGs into concrete action, how to identify requirements for additional finance, and - even before that - how to structure national finance more efficiently with regards to climate change matters, as this will decrease the amount of additional finance required.

Apart from the technical work, how is the policy level addressed?

Both the technical and the policy level activities run in parallel throughout the full process. During inter-agency Dialogues participants from a broad range of Ministries (Finance, Planning, Environment, Sectoral Ministries), as well as other agencies, private sector, NGOs, academia, think tanks etc. discuss the country’s climate change targets and strengthen their inter-agency collaboration. At the same time an interdisciplinary team of technical experts assesses ways to structure national public and private finance more efficiently, identifying financial requirements to implement climate change action, and developing policy incentives to induce the necessary investments.

How does the process work, what are the steps?

The process usually starts with outreach to a broad range of relevant national institutions and stakeholders, consultations and with an inter-agency Dialogue, followed by a technical training for a team of technical experts that carry out the financial analysis of how to implement the national climate change target. The process is usually guided and overseen by an inter-agency committee that provides high-level leadership. Once the financial assessment is completed, another inter-agency Dialogue discusses follow-up activities of the results.

How have countries used the results since?

Over the last 10 years, countries have used the financial assessments in various ways including feeding results into the preparation of their Nationally Determined Contributions (NDCs) and National Communications, using the results to refine national budgetary planning, inform policy making, foster inter-agency collaboration, inform international negotiations and policy making, among others.

Beyond that, participating countries noted that the integrative process led to capacity building and strengthened inter-agency collaboration, which benefitted the daily work in key institutions beyond the time and scope assessments.

Thanks!

 

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