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Tracking finance flows towards assessing their consistency with climate objectives: PROPOSED SCOPE, KNOWNS AND UNKNOWNS

Jachnik, Raphaël ; Mirabile, Mariana ; Dobrinevski, Alexander

OECD Environment Working Papers, 2019 (146), p.0_1-41

Paris: Organisation for Economic Cooperation and Development (OECD)

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  • Título:
    Tracking finance flows towards assessing their consistency with climate objectives: PROPOSED SCOPE, KNOWNS AND UNKNOWNS
  • Autor: Jachnik, Raphaël ; Mirabile, Mariana ; Dobrinevski, Alexander
  • Assuntos: Climate ; Climate change ; Collaboration ; Consistency ; Emissions ; Environmental assessment ; Environmental policy ; Equipment costs ; Finance ; Finance (company) ; Fixed assets ; Greenhouse effect ; Greenhouse gases ; Infrastructure ; Initiatives ; Institutional investments ; Investments ; Level indicators ; Mitigation ; Objectives ; Pilots ; Refurbishment ; Stocks ; Tracking
  • É parte de: OECD Environment Working Papers, 2019 (146), p.0_1-41
  • Descrição: Achieving a low-greenhouse gas (GHG) development requires making finance flows consistent with this objective. In order to measure progress to date as well as inform future public action in this area, this paper calls for further efforts to track gross primary investments flows in new infrastructure and equipment and the refurbishment of such assets, as well underlying sources of finance. The proposed scope focuses on tangible fixed assets with a direct and significant impact on GHG emissions. It complements existing finance tracking initiatives, which mostly cover secondary transactions relating to stocks of publicly-traded financial assets (equities and bonds). Tracking investments and sources of finance and assessing their consistency with climate mitigation objectives require the availability of comprehensive and granular data. This is currently only the case for a very small sub-set of the targeted scope: project finance schemes and international development finance, which represent less than 2% of gross-fixed capital formation (GFCF). As a first step to better cover the targeted scope, countries could undertake pilot studies on an ad-hoc basis, making use of a range of official, commercial and country-specific data sources as well as estimation methodologies. Such pilots may inform both domestic policy action as well as the future design of international-level indicators of progress. While the focus is here on climate mitigation, resilience is an essential component for achieving climate objectives, and requires complementary tracking efforts.
  • Editor: Paris: Organisation for Economic Cooperation and Development (OECD)
  • Idioma: Inglês

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