Climate finance in 2013-14 and the USD 100 billion goal
This study provides an up-to-date estimate of public and private climate finance mobilised by developed countries towards their UNFCCC 2010 Cancun commitment, for climate action in developing countries.
According to the report, public and private finance mobilised were estimated at USD 62 billion in 2014, up from USD 52 billion in 2013 and making an average of USD 57 billion annually over the 2013-14 period. Public finance, either bilateral or multilateral, accounted for more than 70% of the flows during 2013-14, while mobilised private finance made up more than 25% and export credits the remainder. Over three-quarters of total estimated climate finance was to support mitigation activities, with about one sixth going to support adaptation and a small share targeting both.