Monitoring past, present, and future public and private spending and investment patterns is essential to achieving climate mitigation and adaptation objectives. Such information helps measure progress, identify gaps, align flows and instruments for maximum impact and scale, and optimize the deployment of public resources in a way that can effectively and efficiently unlock private investment at the transformational scales needed.
The COP25 side-event on Climate finance mapping and planning: challenges and opportunities took place in Hotel Pullman Madrid Airport & Feria in Madrid on 6 December 2016. The workshop shared knowledge and best practices on mapping and tracking flows of domestic climate finance and discuss the ways to ensure this exercise can support investment to achieve climate goals. Aleksandra Novikova, PhD presented the lessons learned from tracking climate finance in Germany, Czechia, and Latvia within CIC2030 project.