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Estimating Mobilised Private Climate Finance: Methodological Approaches, Options and Trade-offs
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Estimating Mobilised Private Climate Finance: Methodological Approaches, Options and Trade-offs

Author

Listed:
  • Raphaël Jachnik

    (OECD)

  • Randy Caruso

    (OECD)

  • Aman Srivastava

    (World Resources Institute)

Abstract

Quantifying the effect of public interventions aimed at mobilising private finance for climate activities is technically complex and challenging. As a step towards addressing this complexity, the report presents a framework of key decision points for estimating publicly mobilised private finance. This framework outlines different methodological options and choices needed to make these estimates. It assesses trade-offs and implications of these choices in terms of their accuracy, the incentives they provide, their potential to be standardised across entities, and their practicality (data availability, expertise and resource demands). The report further identifies and suggests practical options available in the short-term for estimating mobilised private finance, while underlining the need to provide transparency about underlying definitions, assumptions and limitations. It also recommends longer-term actions to improve these methods, including the need to converge on definitions, to build data systems and to improve and standardise estimation methods. The primary objective of this report is to inform the development of methods to measure in a transparent manner progress towards the fulfilment of the financial commitments made by developed countries in the context of international negotiations under the United Nations Framework Convention on Climate Change. It also aims to encourage careful examination of the links between public interventions and private climate finance. This is to ensure that methods to estimate mobilisation help encourage the efficiency and effectiveness of public interventions aimed at mobilising such finance.

Suggested Citation

  • Raphaël Jachnik & Randy Caruso & Aman Srivastava, 2015. "Estimating Mobilised Private Climate Finance: Methodological Approaches, Options and Trade-offs," OECD Environment Working Papers 83, OECD Publishing.
    • Handle: RePEc:oec:envaaa:83-en
    DOI: 10.1787/5js4x001rqf8-en
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    Citations

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    Cited by:

    1. Lam, Patrick T.I. & Law, Angel O.K., 2018. "Financing for renewable energy projects: A decision guide by developmental stages with case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 90(C), pages 937-944.
    2. Carter, Patrick & Van de Sijpe, Nicolas & Calel, Raphael, 2021. "The elusive quest for additionality," World Development, Elsevier, vol. 141(C).
    3. Stephen Peake & Paul Ekins, 2017. "Exploring the financial and investment implications of the Paris Agreement," Climate Policy, Taylor & Francis Journals, vol. 17(7), pages 832-852, October.
    4. Inderst, Georg, 2021. "Financing Development: Private Capital Mobilization and Institutional Investors," EconStor Preprints 232266, ZBW - Leibniz Information Centre for Economics.
    5. Corrocher, Nicoletta & Cappa, Elisabetta, 2020. "The Role of public interventions in inducing private climate finance: An empirical analysis of the solar energy sector," Energy Policy, Elsevier, vol. 147(C).

    More about this item

    Keywords

    climate change; estimation; measurement; mobilisation; private finance; public interventions;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • G2 - Financial Economics - - Financial Institutions and Services
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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