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DATA IDENTIFICATION


Name
Amounts provided and mobilized in United States dollars per year in relation to the continued existing collective mobilization goal of the $100 billion commitment through to 2025
Indicator purpose
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Abstract

Under the UNFCCC process, the COP requested the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows. There is no agreed definition under the UNFCCC on what should count toward assessing progress toward the $100 billion commitment. Data from the UNFCCC secretariat refers to climate-specific financial support to developing country Parties, reported by Annex I Parties in their Biennial Reports. This data should not be interpreted as an indicator in relation to the achievement of the collective mobilization goal of $100 billion commitment.  
 

Data source
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DATA CHARACTERISTICS



Contact organization person
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Date last updated
03-APR-2020
Periodicity
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Unit of measure

US dollars

Other characteristics

One of the functions of the Standing Committee on Finance is to assist the COP with respect to the measurement, reporting, and verification of the support provided to developing country Parties through activities such as the preparation of the BA. The COP requested the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows (decision 2/CP.17 paragraph 121(f)). Subsequently, the COP requested the Standing Committee on Finance to consider:  

 

  • Relevant work by other bodies and entities on the MRV of support and the tracking of climate finance (decision 1/CP.18 paragraph 71);
  • Ways of strengthening methodologies for reporting climate finance (decision 5/CP.18 paragraph 11);
  • Ongoing technical work on operational definitions of climate finance, including private finance mobilized by public interventions, to assess how adaptation and mitigation needs can most effectively be met by climate finance (decision 3/CP.19, paragraph 11). 

The COP also requested the Ad Hoc Working Group on the Paris Agreement, when developing the modalities, procedures, and guidelines for the transparency framework for action and support, to consider, inter alia, the information in the biennial assessment and overview of climate finance flows and other reports of the SCF and other relevant bodies under the Convention (decision 1/CP.21, para 94(e)).  
 

DATA CONCEPTS and CLASSIFICATIONS



Classification used

N/A

Disaggregation

Not applicable 

Key statistical concepts

Methods and guidance available to countries for the compilation of the data at the national level:

Methodologies for the reporting of financial information by Parties included in Annex I of the Convention (Decision 9/CP.21) http://unfccc.int/resource/docs/2015/cop21/eng/10a02.pdf#page=15   


 

Formula
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OTHER ASPECTS



Recommended uses

N/A

Limitations

N/A

Other comments

All the metadata shown in this document was gathered from United Nation Statistics Division. The metadata was extracted from https://unstats.un.org/sdgs/metadata/.