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Experience shows that I&FF assessments have helped countries strengthen capacities to organise national level financial flows effectively, and to mobilise additional resources.
The purpose of UNDP’s Investment and Financial Flows (I&FF) assessments is to determine the costs of climate change measures and potential sources of investment funds. The starting point for the I&FF methodology is that to effectively address climate change adaptation and mitigation, decision makers recognise the need for solid information on current and future climate change-related investments and financial flows, as well as their timing, sources and investment entities. By using the I&FF methodology, countries can determine:
The starting point is the question: ‘From a development perspective, what does my country need to do to address climate change in selected key sectors, and what financial landscape will be required to achieve those needs?’ Based on a team comprising of relevant Ministries with private sector, academia and non-governmental organisations, the methodology assesses the following questions:
The methodology consists of a manual, excel sheets, training and support material, examples and case studies in four languages. So far, 15 countries have conducted I&FF assessments, strengthening their capacity to better organise national level financial flows, and to mobilise additional resources.
Aid adaptation decision processes; evaluate the tool's effectiveness and efficiency, including which policy cycle stage it can be used in.
Assess broad mitigation options such as CO2 emissions reduction and renewable energy resource potentials such as wind energy.
Survey to provide data to assess the need for technology in specific areas or regions.
For global use