The State of Delivery: Progress Report of the Global Climate Finance Agenda
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In consultation draft of the Independent High-Level Expert Group on Climate Finance
Authors: Jesse Hoffman, Camilla Born, Annabel Mahgerefteh, Harris Rahman, Zoe Greindl, Mattia Romani, Katherine Stodulka and Amar Bhattacharya
Following their third report Raising ambition and accelerating delivery of climate finance, the Independent High-Level Expert Group (IHLEG) on Climate Finance have created this draft consultation report. The document builds on the comprehensive framework of the IHLEG, highlighting the enabling conditions for investment and outlining a more integrated and systemic approach that harnesses the distinct roles of all pools of capital – public, private, domestic and international.
The report assesses the state of delivery across six pillars, each with 2030 goals as set by the IHLEG:
- County-led investment push
- Debt and fiscal space
- Concessional finance
- Multilateral development banks
- Domestic resource mobilisation
- External private finance
The analysis indicates that none of the pillars are on track to satisfy the scale of climate finance needs and outlines a series of near-term actions ahead of COP30 to bring the agenda back on track.
This report is being published as a consultation report with the aim of facilitating dialogue across critical stakeholders core to the climate finance agenda.