This consultation, co-organized by the Organisation for Economic Co-operation and Development and Climate Policy Initiative, addressed two main themes, namely improving transparency in tracking climate finance flows, and strengthening development co-operation for adaptation.
Part 1. Tracking Climate FinanceThis session focused on boosting transparency and accountability in climate-related development finance, discussing the tracking of international public finance, in particular climate-related official development assistance (ODA), and other official flows (OOF) across bilateral and multilateral institutions. Topics of discussion included:
- How can the various initiatives tracking international public finance be brought together to ensure they are mutually reinforcing and build an accurate and robust understanding of climate flows?
- What are the interests and ambitions of relevant parties and institutions in establishing an integrated system for tracking international climate finance?
- What specific steps could be taken in the near-term to to overcome existing constraints and enable the creation of an integrated system to track climate-related finance?
Part 2. Strengthening Development Co-operation for AdaptationThis session focused on strengthening development co-operation providers’ efforts to help partner countries deliver effective adaptation outcomes and discussed the following questions:
- What types of support do partner countries most need from development co-operation providers to boost effective adaptation planning and implementation in the context of national, sub-national, and sector development planning?
- How are development co-operation providers organising and prioritising their resources to best support adaptation in LDCs and other vulnerable countries?
- How can the effectiveness of development co-operation interventions, including better engaging with private sectors, be improved?