Results of Domestic Finance Assessments
Around 60 financial assessments have been carried out in countries since 2008.
Countries have used the results of the assessments in multiple ways to implement their national climate targets and Nationally Determined Contributions.
How countries have used I&FF results:
Countries are using the outcomes of their finance assessments in various ways, inter alia:
Developing evidence for climate finance action
- Feeding results into the preparation of their national climate targets (Nationally Determined Contributions)
- Feeding results into the preparation of their National Communications, e.g., regarding identification of key sectors and measures
Strengthening national budgeting
- Using the results to refine national budgetary planning, making it more efficient and strategizing the share going towards climate action.
Making a business case for climate finance
- Following up on potential partnerships, reaching out to organizations that attended the final dialogue, including regional development banks
- Developing a proposal to the Adaptation Fund and other international funding institutions
Using I&FF assessments as a continued planning tool
- Continuously tracking finance going to climate action and NDC implementation
- Identifying further key sectors that would benefit from I&FF assessments and fundraising for them nationally and internationally
Fostering inter-agency collaboration
- Establishing or strengthening inter-ministerial committees on climate change
- Integrating the results into the national Climate Change agencies and using the results for National Action Plans and National Development Plans
Informing policy making
- Developing a national strategy for mitigation and climate change risk management
- Development of norms and standards for energy efficiency and improving water resources management, which will be integrated into the legislative framework
Enhancing participation in international negotiations
- Briefing their national climate change negotiators on the results and actions
- Improving factors for a better participation in the international negotiations on climate change