​In 2009, developed countries committed to mobilise US$100 billion in climate finance per year by 2020 to address the needs of developing countries in the face of climate change. Meeting this target will require transformational change in the scale and pace of financing. Public sector resources can play a pivotal role in catalysing private sector investment. However, there is very little information on how public finance has, to date, mobilised private support for climate compatible development. To fill this gap, the Research Collaborative on Tracking Private Climate Finance, an OECD-led project, was tasked with identifying, developing and assessing methodological options for tracking private climate finance and for measuring mobilised private climate finance.

The COP side event “Towards improved methodologies and data for tracking private climate finance” will feature presentations of on-going research activities under this project and of initial results on methods currently in use for measuring mobilisation. ODI’s Shelagh Whitley will discuss her recent work in this area.