Estimating Needed Investments to Address Climate Change

Photo: UNDP MR Windpower

 

‘From a development perspective, what does my country need to do to address climate change in selected key sectors, and what financial landscape will be required to achieve those needs?’

 

To effectively address climate change adaptation and mitigation decision makers recognize the need for solid information in terms of current and future climate change-related investments and financial flows, as well as on their timing, sources and investment entities.

Teams comprised of Ministries of Planning, Finance, Environment and others together with private sector, academia and non-governmental organizations. Applying UNDP’s IF&F methodology, stakeholders analyzed the following questions for assessment:

  • What are the adaptation/ mitigation options for selected key sectors in the next 25 years?
  • Who is currently investing in the sector? Who are the major players & funding sources within government, private sector and households?
  • What shifts/increases in I&FF will be needed in the sector?
  • What will be the overall needs for additional I&FF to address climate change?
  • What policies and incentives are suitable to induce the necessary shifts and changes?

 

Through the I&FF assessments, countries’ capacities were strengthened to:

  • Nationally organize financial flows effectively
  • Mobilize additional resources.

 

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