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NDC Partnership Launches Climate Investment Planning Tool

In a significant stride toward addressing the global climate crisis, the NDC Partnership has launched the Climate Investment Planning and Mobilization Framework (CIPMF), an interactive online tool that aims to empower countries to effectively unlock and channel climate finance. Drawing from the expertise of over 115 countries, along with various public and private financial institutions, this initiative is poised to make substantial impacts in climate investment planning.

The Challenge of Climate Financing

As nations articulate their climate commitments, known as Nationally Determined Contributions (NDCs), they face formidable obstacles in securing the necessary funding to implement their climate strategies. The evolving landscape of climate finance, characterized by its complexity and fragmentation, has made it difficult for countries, especially developing ones, to effectively access available resources. These nations require robust investment plans to engage in fruitful discussions with financiers and investors in order to secure the funding essential for climate action.

Pablo Vieira, the Global Director of the NDC Partnership, emphasizes the daunting nature of the climate finance terrain. He states, “The climate finance landscape is complex and fragmented, making it difficult for countries to access and effectively leverage available resources.” To overcome these hurdles, countries must prepare to strategically engage with financial actors, identifying gaps in their climate finance knowledge and planning capabilities. This collaborative effort will be crucial in unlocking public, private, and blended finance avenues.

Describing the CIPMF Online Tool

The newly launched CIPMF is a comprehensive resource grounded in the recognition that countries will need to align various government sectors, including finance ministries and national development banks, to enhance the quality and quantity of available financing. This online tool enables countries to define their climate priorities clearly and communicate their needs to technical partners and potential investors.

Evidence suggests a significant climate finance gap, as indicated by the requests from nations for support from the NDC Partnership, a coalition encompassing over 240 members. Among these requests, finance-related support is the most prevalent, with 90% of developing countries seeking assistance in this area.

In response to such demands, the NDC Partnership and the Green Climate Fund (GCF) rolled out an initial draft of the CIPMF during COP28 in Dubai. This collaborative effort incorporated insights from a diverse range of stakeholders, including public institutions and country representatives. The guide created a common reference point to help countries navigate the multi-faceted world of climate investment and mobilize resources effectively.

Key Features of the CIPMF

The CIPMF tool stands out as a pioneering resource delineating six critical stages involved in the climate investment planning and mobilization process. It allows nations at varying stages of financial planning to tailor their approaches to address specific climate finance needs. Users can:

• - Identify gaps in climate finance
• - Develop targeted finance strategies and project plans
• - Map out support providers and available financial opportunities, all aligned with their national contexts.

This innovative framework promotes evidence-based decision-making by responding directly to the articulated needs of countries, supplemented by specialized resources focused on key thematic priorities.

Conclusion

With the launch of the CIPMF, the NDC Partnership is equipping countries with the necessary tools to tackle the pressing challenges of climate finance mobilization. As nations work to deliver on their climate pledges, the ability to articulate clear investment plans is more crucial than ever. With the support of the NDC Partnership, countries stand better positioned to effectively engage with financial actors and secure the investments needed to turn their climate goals into reality. To learn more and access the CIPMF online tool, visit the NDC Partnership’s website.