Center for Access to Climate Finance
Upscaling Access to Climate Finance
By unlocking climate finance, developing countries can implement ambitious climate plans that limit global warming to 1.5 degrees C and help communities and economies respond to adverse climate impacts.
The limited availability of climate finance and the complexity to access it prevents developing countries from delivering climate-development action at the speed and scale needed to drive transformational change. To address these challenges, the UK and Fiji – as initial co-Chairs – launched the Taskforce on Access to Climate Finance at COP26. The Taskforce is a collaboration between climate-vulnerable developing countries and climate finance providers to identify and implement solutions to improve access to climate finance.
The Center for Access to Climate Finance (the “Center”) hosted by the NDC Partnership Support Unit, is a response to demand from Taskforce members for a dedicated body capable of delivering global thought leadership exchange in the field of climate finance access. The Center will generate and streamline knowledge and solutions for climate-vulnerable countries, catalyzing systemic change and enabling low-emission and climate-resilient development.
The Center leverages and amplifies learning from the Taskforce by providing thought leadership, sharing best practices, facilitating global knowledge exchange and South-South learning, and generating evidence to improve the international climate finance system.
Areas of Focus
The Center has three areas of focus that draw on the evidence base established through the Taskforce country trials and build on the Partnership’s ongoing support to close to 100 countries.
Knowledge Sharing
The Center consolidates experiences from climate-vulnerable developing countries, climate finance providers and subject-matter experts. It facilitates peer exchanges between countries and knowledge exchanges between climate finance providers and recipients.
System Thinking and Policy Analysis
The Center helps drive forward the “Taskforce Principles and Recommendations on Access to Climate Finance” and inform global discourse around the reform of international climate finance systems.
Outreach
The Center engages with countries and institutions to inspire positive action and stronger coordination, building on the NDC Partnership’s wider engagement with members, relevant strategic initiatives and major climate finance providers.
Pioneer Country Trials
The Taskforce is testing and demonstrating new approaches to accessing and programming climate finance through Pioneer Country trials in Bangladesh, Fiji, Jamaica, Mauritius, Rwanda, Somalia and Uganda.
The Center works closely with these country-led trials to:
- Advance the Taskforce Principles and Recommendations on Access to Climate Finance by collecting, analyzing and sharing best practices and lessons learned that can support countries and wider system reforms
- Identify new solutions that can scale up successful approaches based on insights gained from the country trials.
- Mainstream these solutions across the NDC Partnership.
- Ensure effective communication of findings by and to Partnership members, including multilateral development banks and other Development Partners.
Guiding Principles and Recommendations
All work conducted through Taskforce and the Center is based on the Principles and Recommendations on Access to Climate Finance. The Principles, developed by the Taskforce to guide providers and recipients in how climate finance could be accessed, programmed and used, include:
- Country Ownership
- Harmonization of Processes and Alignment of Finance
- Responsiveness to Country Needs and Climate Vulnerability
- Flexibility and Innovation
- Transparency and Accountability
About the Taskforce on Access to Climate Finance
The Taskforce on Access to Climate Finance is a collaboration between climate-vulnerable developing countries and climate finance providers.
The Taskforce on Access to Climate Finance is a collaboration between climate-vulnerable developing countries and climate finance providers. It is currently co-chaired by the United Kingdom and Rwanda. The Taskforce is supporting country-led trials in seven developing countries, with representation from Least Developed Countries and Small Island Developing States, to identify and implement solutions to improve access to climate finance. These trials are working towards a coordinated and longer-term approach to climate finance, which is aligned with national priorities.
Since May 2024, the Support Unit serves as the Secretariat of the Taskforce and hosts the Center for Access to Climate Finance. The Taskforce work is aligned with the Partnership’s Finance Strategy, Guiding Principles of the NDC Partnership and its model, with a strong focus on creating a programmatic approach to match national priorities with a coordinated offer from bilateral and multilateral partners, and other financiers.
An overview of developments made through the Pioneer Country trials and progress against the Principles and Recommendations can be found in the Taskforce annual reports.
Annual Report on the Taskforce on Access to Climate Finance 2022
This project was funded with UK International Development from the UK government.
Contact
For more information, please contact NDC Partnership Climate Finance Associate Eszter Mogyorosy at eszter.mogyorosy@ndcpartnership.org.