Multilateral climate funds linked to the UNFCCC process play a quantitatively small but very important role in financing climate action in developing countries. Scrutinising the access to UNFCCC funds is key to longstanding debates on equity and justice in international climate finance flows.

This report from the Finance Working Group of the independent Global Stocktake (iGST) documents key perceptions of expert climate finance practitioners from the Global South in accessing UNFCCC linked climate funds. It raises key equity and justice concerns in the provision of and access to climate finance, as well as identifying examples of good practices, before providing options to enhance equity and justice. Finally, the report suggests how the Global Stocktake (GST) can deepen conversations on critical elements of climate finance access.