Counting the Cash: Elements of a Framework for the Measurement, Reporting and Verification of Climate Finance
by Remi Moncel, Hilary McMahon and Kirsten Stasio - December 2009
This working paper explores the main issues associated with the measurement, reporting and verification (MRV) of finance in the post-2012 climate regime.
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The role of finance in an international post-2012 climate change agreement cannot be overstated. Agreements on the provision and tracking of financial support to developing countries to reduce their greenhouse gas emissions, adapt to a changing climate and build capacity to report their actions internationally will be critical to the success of the international negotiations for a post-2012 climate regime at Copenhagen and beyond.
The need for Parties to clearly demonstrate financial support has given rise to two questions. First, what types of financial contributions from developed countries can count as climate finance? Second, what framework can be put in place to track these contributions? This Working Paper aims to shed light on both of these issues.