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Public climate finance: the challenge of reporting equity

Author

Listed:
  • Kris Bachus

    (HIVA, KU Leuven)

  • Emilie Bécault

    (GGS, KU Leuven)

Abstract
There is currently no agreed comprehensive methodology on how to track and report on public climate finance. One of the difficulties – next to determining the climate relevance of projects funded– is the valuation of financial instruments other than grants (i.e. loans, guarantees, equity). For loans, the calculation of the grant equivalent of the financial flow is relatively straightforward, but for equity, it is unclear what the best way is to value the grant equivalent. Hence, the primary objective of this research paper is to provide an overview of the variety of methods that can be used to value the provision of public climate finance to developing countries through equity investments. In this endeavour, special attention will be paid to recent debates taking place in the context of the modernisation of the OECD DAC statistical system about how to better represent the donor effort involved in extending private sector instruments and especially equity investments.

Suggested Citation

  • Kris Bachus & Emilie Bécault, 2017. "Public climate finance: the challenge of reporting equity," BeFinD Working Papers 0117, University of Namur, Department of Economics.
    • Handle: RePEc:nam:befdwp:0117
    as

    Download full text from publisher

    File URL: http://www.befind.be/publications/WPs/wp17
    File Function: First version, 2017
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    References listed on IDEAS

    as
    1. Randy Caruso & Jane Ellis, 2013. "Comparing Definitions and Methods to Estimate Mobilised Climate Finance," OECD/IEA Climate Change Expert Group Papers 2013/2, OECD Publishing.
    2. Cassimon, Danny & Renard, Robrecht & Verbeke, Karel, 2014. "How to account for concessional loans in aid statistics?," IOB Analyses & Policy Briefs 9, Universiteit Antwerpen, Institute of Development Policy (IOB).
    3. Lindenberg, Nannette, 2014. "Public instruments to leverage private capital for green investments in developing countries," IDOS Discussion Papers 4/2014, German Institute of Development and Sustainability (IDOS).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Hugo Couderé, 2018. "To Blend or not to Blend: Towards a Belgian Blended Finance Policy," BeFinD Working Papers 0128, University of Namur, Department of Economics.

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    More about this item

    Keywords

    Public climate finance; private climate finance; equity; OECD-DAC; nongrant instruments; public sector instruments; tracking climate finance; developing countries; UNFCCC;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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