Busan Parternship for Climate Finance Effectiveness releases new reports

Busan partnership increases stakeholder knowledge of uses of climate finance

Partners are already investing in analytical work, as well as regional and global dialogues on Climate Finance and Development Effectiveness.
Climate public expenditure and institutional reviews (CPEIR) have been carried out in Bangladesh, Cambodia, Morocco, Nepal, Philippines, Thailand and Samoa, with several others well underway in Africa and Latin America. There is also a fiscal framework report for Indonesia in line with the National Action Plan to Reduce GHG Emissions. These studies help countries to align national climate policies with national development policies and budgets. They also indicate that very significant levels of national spending are already contributing towards addressing climate change. In Nepal 6% of government spending is climate change related. In Samoa 15% of government spending is climate related.

Regional dialogues have been organised in Africa, Asia-Pacific, Caribbean and Latin American leading to consensus and a 'Call for Action'. Most recently, a CPEIR workshop in Bangkok brought together partner countries, donor agencies and international organisations, as well as stakeholders from Ministries of Finance, Planning and Environment to share country experience and lessons learned on the governance of Climate Finance and Development Effectiveness.

The partnership seeks to map and share ongoing work globally. A side meeting at Rio+20 in June presented the building block, with participants from Africa, Latin America and Asia to review some of the initiatives underway. In the margins of the final Working Party on Aid Effectiveness meeting in Paris, African supporters also met to identify potential volunteers for a mapping study in Africa.

For more information, please visit the website for the Busan Partnership for Action on Climate Finance and Development Effectiveness