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Enhancing access and increasing impact: the role of the multilateral climate funds
Joint declaration of the heads of the Adaptation Fund, the Climate Investment Funds, the Global Environment Facility and the Green Climate Fund
The need for collective, urgent, and ambitious action on climate is greater than ever before. As the results of the first global stocktake make clear, the world is not on track to meet the goals of the Paris Agreement. While progress is seen in some areas, much more is needed to reach net zero and adapt to climate impacts. A rigorous “all of economy, all of society” approach is needed across all systems and sectors.
New hub supports improved access to climate information
A newly launched Climate Transparency Platform offers a one-stop shop to track countries’ latest reported progress towards global carbon reduction goals, providing a key source of information for governments, civil society, and academia on the road to the UN Framework Convention on Climate Change’s COP28 summit in Dubai.
The Capacity-building Initiative for Transparency (CBIT)
The Capacity-building Initiative for Transparency (CBIT) supports developing countries to build institutional and technical capacity to meet enhanced transparency requirements as defined in Article 13 of the Paris Agreement. The CBIT plays a key role to assist countries with tools and training as they prepare their Biennial Transparency Reports (BTRs), due by December 2024.
This publication provides a summary of CBIT support, with details on specific countries and project priorities.
The GEF provides new support for developing countries' climate reporting
In a boost to climate change governance, the Global Environment Facility will provide $32 million in pooled, streamlined funding to help developing countries prepare the transparency reports they are required to under the Paris Agreement.
The new funding will finance the production of up to 50 countries’ National Communications and Biennial Transparency Reports, which are due to the UN Framework Convention on Climate Change (UNFCCC) by December 2024.
Supporting transparency to drive ambitious climate action
Over the past five years, the Capacity-building Initiative for Transparency (CBIT) has helped more than 80 countries improve their ability to monitor and share their progress toward international climate goals. The improved reporting and transparency resulting from CBIT support has had a truly game-changing impact – not only for tracking progress on reducing greenhouse gas emissions but also by supporting informed climate policy-making in countries around the world.
CBIT builds capacity to enhance transparency in meeting climate goals
The Capacity-building Initiative for Transparency (CBIT), created to help meet the enhanced transparency requirements of the Paris Agreement, has played an instrumental role in developing transparency-related institutional and technical capacities of non-Annex I countries.
Addressing the climate crisis and learning from a pulse oximeter
Chizuru Aoki leads the Global Environment Facility’s engagement with international conventions and oversees its climate change work, including through the Least Developed Countries Fund and Special Climate Change Fund. In an interview, she reflected on her career as an environmental engineer, researcher, manager, and negotiator, and shared candid insights from her family’s experience with COVID-19.
What does your role at the GEF entail?
Connecting forest health to climate action
Rocío Cóndor is an FAO Forestry Officer working on the Enhanced Transparency Framework and coordinating the GEF-funded Capacity-building Initiative for Transparency work related to the forest sector, known as CBIT-Forest. In an interview, she reflected on the ways solid data can inform good decisions when it comes to sustainable forest management.
What does your work entail?
'As an engineer, I am interested in solving challenging problems'
Milena Gonzalez Vasquez is a Global Environment Facility Climate Change Specialist. In an interview, she shared how her background in engineering prepared her for a career helping countries transform their energy systems, protect their forests, and find other solutions to avert a climate change crisis.
What is your role at the GEF?