Climate finance increased in 2015-2016

The CPF (Standing Finance Committee) 2018 biennial evaluation and overview of climate finance flows shows that, on a comparable basis, global climate flows increased 17% in 2015-2016 compared to 2013-2014. In its conclusions, the Report also points out that multilateral development banks continue to increase their levels of climate finance and that financial flows are also increasing under the UNFCCC and multilateral funds, although these flows still remain small at the global level.