In order to facilitate enhanced action on mitigation in developing countries, two crucial elements of the post-2012 international climate finance regime will be the effective matching of financial support from developed countries with mitigation actions in developing countries and the improved tracking of climate-specific financial flows.

This paper highlights the relevant information that needs to be tracked in order to build a comprehensive Measuring, Reporting and Verification (MRV) system for climate finance, proposing both improvements to current reporting and tracking systems as well as new reporting approaches for a more robust and inclusive MRV system for finance.