Climate Policy Initiative\u2019s flagship analysis, the Global Landscape of Climate Finance (\u201cThe Landscape\u201d), has provided the most comprehensive overview of global climate-related primary investment available since 2012. The Landscape aims to comprehensively track domestic and international investment from both the public and private sectors in activities that address and respond to climate mitigation and adaptation actions.<\/p>\n\n\n\n
To inform the United Nations Framework Convention on Climate Change (UNFCCC) fourth Biennial Assessment and Overview of Climate Finance Flows<\/a>, we reviewed estimates using updated data on climate finance flows for the years 2017 and 2018, as previously reported in the Global Landscape of Climate Finance 2019<\/a>. <\/p>\n\n\n\n Additionally, this update report offers a preliminary estimate for finance in 2019, drawing on data published in 2020. Reflecting a unique year for the global economy and to set the stage for the next full Landscape in 2021, we also make a high-level and early assessment of the likely impact of the COVID-19 crisis on climate finance flows. <\/p>\n\n\n\n Finally, we look to trends in the climate finance community, in policy and in financial sector practice which will be needed to meet the challenge of aligning finance flows across the whole economy with Paris climate goals.<\/p>\n\n\n\n Based on our updated analysis and estimation following newly available information, climate finance flows reached USD 574 billion per year on average in 2017\/18<\/strong>. This results in total climate finance flows of USD 608 billion in 2017 and USD 540 billion in 2018 (as compared to USD 611 and USD 546 billion reported, respectively, in 2019\u2019s Landscape). The slight decline is the result of adjustments to numbers issued by our data providers after the publication of the 2019 Landscape.
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