It has become increasingly clear that climate change impacts are already being experienced around the world, human-induced climate change has intensified and recent observed changes in the climate system are widespread, rapid and intensifying. We need to ramp up our collective efforts to reduce GHG emissions as rapidly as possible, and at the same time, invest in measures to adapt to the changing climate and increase resilience to more extreme weather events in the future.

The role of climate finance mobilisation at all governance levels; international, multilateral, national, subnational, and local, is crucial. Additionally, there is a critical need to enhance the capacity of developing countries to access, allocate and spend climate finance effectively.

ICLEI South Asia, under CDKN, has developed a compendium of finance sources and instruments to support climate action in the South Asian countries of Bangladesh, India and Nepal. This compendium aims to enhance awareness of the various climate finance opportunities available in these three countries. It provides an overview of the available climate finance landscape in the region, at the time of writing, in an easy to access and simplified manner.

The compendium provides

• A detailed overview of the climate finance landscape in the three countries both within and outside of the financial mechanisms of the United Nations Framework Convention on Climate Change (UNFCCC).
• An outline of the various international, multilateral and bilateral sources of climate finance available, along with the volume of funds from these sources, the various intermediaries involved in channelling finance, as well as the instruments used, and purposes and sectors served.
• Information on domestic financial resources committed and mobilised by the three national governments.
• Information on the growing private sector channels for financing climate action in the three countries, along with some innovative instruments.
• The various platforms and tools available to cities in the three countries for accessing finance to implement climate actions at the local level.
• A set of recommendations to enhance the access, planning, use and monitoring of climate finance for the three countries.

Who should use this compendium?

The compendium has been developed for national and subnational policy-makers, decision-makers, elected representatives, climate and urban practitioners, as well as experts involved in assisting governments in catalysing finance for climate investment. It may also be useful for municipal officials, donors, private investors, non-governmental organisations (NGOs) and other civil society organisations (CSOs) that provide technical support and advice while preparing funding proposals.

Download the compendium here.