Climate-specific financial support provided via multilateral channels, Cross-Cutting (Billions of current United States dollars)

Under the UNFCCC process, the COP requested the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows. There is no agreed definition under the UNFCCC on what should count toward assessing progress toward the $100 billion commitment. Data from the UNFCCC secretariat refers to climate-specific financial support to developing country Parties, reported by Annex I Parties in their Biennial Reports. This data should not be interpreted as an indicator in relation to the achievement of the collective mobilization goal of $100 billion commitment. One of the functions of the Standing Committee on Finance is to assist the COP with respect to the measurement, reporting and verification of the support provided to developing country Parties through activities such as the preparation of the BA. The COP requested the Standing Committee on Finance to prepare a biennial assessment and overview of climate finance flows, drawing on the available sources of information, and including information on the geographical and thematic balance of flows