This Platform aims at providing comprehensive guidance on financial options available for climate action in developing countries. Here you can find information on where to access the wide range of funds available from multilateral and bilateral institution, as well as public and private sources.
The joint UNDP/World Bank knowledge portal, the Climate Finance Options (CFO) Platform, was officially launched in Cancun in December 2010. During the 2011 inaugural year, it attracted 30,000 users who viewed over 100,000 pages of climate finance information and data aimed at developing countries. The Platform provides analyses of over 60 public and public-private climate funding sources for developing country action. Due to increased collaboration between UN agencies and MDBs, the CFO Team has doubled its initial database of funding source profiles thanks to input from these partners. The CFO Library offers users over 100 publications, many authored by UN and MDB outfits. A number of these partners have contributed analytical tools to the CFO Toolkit, which now contains some 40 financial and project analysis instruments for improved decision-making.
The CFO Platform has proven to be a valuable knowledge and capacity building tool for many developing countries. Since a November 2011 workshop and scoping exercise, the CFO Team has been actively assisting the Ministry of Planning & Infrastructure of Viet Nam and UNDP and World Bank offices in Hanoi to produce the first country-specific CFO-styled climate finance knowledge resource. Financial and technical assistance from the CFO project will supplement the launch of the platform, expected in 2012. The CFO Team is pursuing similar opportunities to “spin-off” the Platform to additional interested countries in the coming year.
Following a workshop in Paris in March 2011, work has continued in harmonizing systems for monitoring and reporting climate finance flows. The new system for tracking adaptation and mitigation co-benefits in the World Bank portfolio has been shared with MDBs and other partners who have allocated staff, travel and workshop budget for these activities. The work stream on mitigation is led by the IDB and the stream on adaptation by the AfDB.