Supporting Access to Finance for Climate Action

Climate finance refers to local, national or transnational financing, which may be drawn from public, private and alternative sources of financing. Climate finance is critical to addressing climate change mitigation and adaptation, because large-scale investments are required to significantly reduce emissions, notably in sectors that emit large quantities of greenhouse gases, and to adapt to the adverse effects and reduce the impacts of climate change. While there are many guides, tools and initiatives out there on NDCs and climate finance, there was a need for guidelines relating NDCs and climate finance more closely to the development agenda in countries, and to the role of bilateral donors. This guide outlines the Climate Finance Architecture, the role of the Climate Funds including the GEF, GCF, LDCF and Adaptation Fund, Multilateral Development Banks, Bilateral Donors, Private Sector and Decentralized access to climate finance.