Challenges identified
- Lack of a structured system to track domestic and international climate finance.
- Weak institutional capacity to assess and monitor climate finance flows.
- Need for transparency to meet the commitments of the NDC and the Paris Agreement.
Solution provided
- National diagnosis and international benchmark to identify best practices.
- Development of a methodology for accounting and monitoring climate financial flows adapted to the national context.
- Implementation of a budget tagging (CBT) and monitoring and reporting (MRV) system for the identification, classification and reporting of climate projects.
- Development of practical tools: reporting templates, nomenclature, correspondence matrix and dashboard.
- Capacity building of national actors to ensure the sustainability of the system.
Partners involved
- Department of the Environment, Department of Finance.
- National and international experts in finance, climate and accounting.
- Bilateral and multilateral cooperation programmes.
Implementation period
This project structures the first step towards robust national climate accounting, in line with international standards, to effectively mobilize financing and steer the country's low-carbon transition.
