Rationale and definition:

Developed countries have pledged under the Conference of Parties of the UNFCCC to provide some $100 billion per year in climate finance by 2020. This indicator will track official (i.e. public) climate finance provided by each developed country as a contribution towards the overall target of at least $100 billion per year.

Disaggregation:

By destination, expenditure for mitigation vs. adaptation, public vs. private resources.

Comments and limitations:

This finance commitment under the COP does not define official climate financing in a way that would allow for the creation of an unambiguous global indicator. Several bodies, including the OECD, are proposing standards and definitions. Additional work is required to arrive at internationally accepted coherent standards for monitoring on official climate financing.

Preliminary assessment of current data availability by Friends of the Chair:

TBD.

Primary data source:

International monitoring.

Potential lead agency or agencies:

OECD DAC, UNFCCC.