Tracking climate finance: Progress and challenges

Lamhauge, Nicolina; Jachnik, Raphaël

doi:10.1787/f685d437-en

Cited by 3 publications

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“…This requires a global response, hence the aim of SDG 7 to promote access to affordable and clean energy for everyone. Sustainable development lies at the intersection of environmental, social, and economic variables (Middlemiss 2008;Lamhauge and Jachnik 2018). The economy depends on energy to transform essential raw materials into the critical goods and services for society (Elum and Momodu 2017).…”

Section: Renewable Versus Non-renewable Energy Sources and Implications For Sustainabilitymentioning

confidence: 99%

Clean Energy Solutions and Sustainable Development

Donkor¹,

Mearns²

2020

Encyclopedia of the UN Sustainable Development Goals

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Clean energy denotes the array of fuel options obtained from mostly renewable, low emissions sources such as bioenergy, direct solar energy, geothermal energy, hydropower, ocean energy, and wind energy with minimal impact on the environment or environmentally friendly (IPCC 2011).There are several ways to defining energy efficiency. There is the ecosystem-related approach whereby energy efficiency refers to the capacity to safeguard the integrity of the ecosystem while providing optimum energy services (Omar 2008). Other explanations denote energy efficiency, as the use of minimum energy to supply the same level of energy. It is hence one approach to limit human greenhouse gas (GHG) emissions. Furthermore, energy efficiency quantifies the conversion of energy from one form to another, with no regard for impacts outside the process.

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Section: Renewable Versus Non-renewable Energy Sources and Implications For Sustainabilitymentioning

confidence: 99%

Clean Energy Solutions and Sustainable Development

Donkor¹,

Mearns²

2020

Encyclopedia of the UN Sustainable Development Goals

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“…The OECD has similarly struggled to produce up-to-date robust assessments of the status of climate finance. For example, one of the latest update reports from the OECD on this topic is from 2018, which simply states that: "updated estimates towards the US $100 billion commitment will be needed in the run-up to 2020" before re-stating an old assessment that US $62 billion had been mobilised in 2014(Lamhauge and Jachnik, 2018). The OECD highlights that methodologies to assess and estimate climate finance mobilisation vary widely and there is considerable risk of double-counting(Caruso and Ellis, 2013).Some studies, such asWestphal et al (2015) have modelled different scenarios for meeting the 2020 goal (with a transparent methodology), in order to identify what is required from public and private sources of climate finance.…”

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The role of climate finance beyond renewables: demand-side management and carbon capture, usage and storage

Warren

2019

Climate Policy

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Mobilising climate finance for climate change mitigation is a crucial part of meeting the 'wellbelow' 2°C goal of the Paris Agreement. Climate finance refers to investments specifically in climate change mitigation and adaptation activities, which involve public finance and the leveraging of private finance. A large proportion of climate finance is Official Development Assistance (ODA) from OECD countries to ODA-eligible countries. The evidence shows that the largest proportion of climate finance for climate change mitigation has been channelled to the development of renewable energy, with a much smaller proportion flowing to other crucial forms of clean energy-related measures, such as demand-side management (DSM) (particularly sustainable cooling) and carbon capture, usage and storage (CCUS). This forms the rationale and aim of this synthesis paper: to review the role of climate finance to develop clean energy beyond renewables. In doing so, the paper draws on practical policy and programme experiences of some donor countries, such as the UK, and Development Finance Institutions (DFIs). This paper argues that a greater amount of climate finance from OECD countries to ODA-eligible fossil fuel-intensive emerging economies and developing countries is required for sustainable cooling and CCUS, particularly in the form of technical assistance and clean energy innovation. Key Policy Insights • Demand-side management (DSM) and carbon capture, usage and storage (CCUS) are underfunded in climate finance compared with the promotion of renewables. • Climate finance for sustainable cooling, in particular, represents just 0.04% of total ODA, despite cooling projected to represent 13% of global emissions by 2030.

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Clean Energy Solutions and Sustainable Development

Donkor

Mearns

2021

Encyclopedia of the UN Sustainable Development Goals

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Tracking climate finance: Progress and challenges

Cited by 3 publications

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Clean Energy Solutions and Sustainable Development

Clean Energy Solutions and Sustainable Development

The role of climate finance beyond renewables: demand-side management and carbon capture, usage and storage

Clean Energy Solutions and Sustainable Development

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