{"id":67865,"date":"2024-12-03T09:18:41","date_gmt":"2024-12-03T08:18:41","guid":{"rendered":"https:\/\/staging.i4ce.org\/?post_type=projet&p=67865"},"modified":"2025-07-08T14:37:32","modified_gmt":"2025-07-08T12:37:32","slug":"critical-assessment-financing-needs-estimates-emdes-climate","status":"publish","type":"projet","link":"https:\/\/staging.i4ce.org\/en\/projet\/critical-assessment-financing-needs-estimates-emdes-climate\/","title":{"rendered":"Supporting the practical use of climate financing needs estimates for EMDEs"},"content":{"rendered":"

Context<\/b><\/span><\/h2>\n

\u200b<\/span>Finance is in the spotlight in international climate discussions. The recent difficult discussions and half-satisfactory outcomes on the New Collective Quantified Goal (NCQG) underscored just how critical this element is to climate action and global negotiations. However, country-level finance needs assessments are nearly always missing (I4<\/span>CE<\/strong> 2024<\/a>) , <\/span>Chimowu, Hulme and Munro 2019<\/span><\/a>), while they should provide the factual basis of such discussions and actions.<\/span><\/span>\u00a0<\/span><\/p>\n

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\u200b<\/span>Global financing needs estimates try to make up for this gap. However, due to the lack of base data to work with, they are forced to various assumptions. When combined with variations in the scope of instruments, the dimensions of climate, nature, and development actions considered, and other factors, this results in widely divergent estimates (See Fig 1).<\/span><\/span>\u00a0<\/span><\/p>\n

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Figure. Sample estimates and uncertainty ranges of annual climate finance needs in developing countries by 2030<\/span><\/strong><\/p>\n

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\u200b<\/span>One the key reference points for these assessments, serving as an anchor in international negotiations, is the 2022 estimate by the Independent High-Level Expert Group on Climate Finance (IHLEG). This report estimates that approximately US$2.4 trillion in investment are needed annually by 2030 to support a “just energy transition, adaptation and resilience, loss and damage, and the conservation and restoration of nature” in EMDEs (<\/span><\/span>Emerging markets and developing economies), excluding China.<\/span><\/span>\u00a0<\/span><\/p>\n

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\u200b<\/span>The IHLEG report synthesizes a broad range of studies, but its foundation lies in earlier G7 work aimed at delivering a significant investment push in EMDEs to accelerate post-COVID recovery. That G7 initiative, in turn, draws heavily from a 2016 report on sustainable infrastructure investment needs in EMDEs, which adopts a broad interpretation of sustainability.<\/span><\/span>\u00a0<\/span><\/p>\n

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\u200b<\/span>This draws several reactions:<\/span><\/span><\/p>\n

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