This page presents important notes for those using the data and visualisation tools available on Climate Funds Update.
CFU data is cumulative since 2003, the first year in which one of the dedicated climate funds that we monitor approved finance for a project.
Aggregate figures and charts exclude contributions from bilateral initiatives to multilateral funds monitored on CFU, which are included as pledges and deposits to those funds. This allows us to avoid double counting.
We record the following details for each fund:
Pledges: represent verbal or signed commitments from donors to provide financial support for a particular fund. All pledges are cumulative.
Deposits: represent the funds that have been transferred from the donor into the account(s) of the fund. Also known as committed funds. All deposits are cumulative.
Approved: represents funds that have been officially approved and earmarked to a specific project or programme. All approvals on figures are cumulative.
Disbursed: represents those funds that have been spent, either through administrative means or directly to an implementation programme or project, with proof of spend. All disbursements on figures are cumulative.
Note that the apparent progression of finance through each finance status is affected by the availability of information from funds and initiatives. Disbursals that appear as zero or low as compared to approvals could result from slow contributor disbursal or slow recipient uptake, but may also reflect a paucity of information on the status of finance after approval. This is true for some of the bilateral initiatives tracked by CFU.
Technical assistance - assistance in carrying out policy studies, providing advice, supporting project preparation and implementation, and assisting in technology transfer, normally delivered as a cost-free (grant) service.
Concessional loans - loans provided on terms significantly more generous than market rates. The OECD has a definition of concessionality based on the interest rate charged; maturity; and the grace period (interval of time before the first repayment is due) of a loan. Under the OECD, loans are deemed eligible as Official Development Assistance if they have a grant element of at least 25%; however, there is a spectrum of concessionality from “hard” (near-market) loans to soft. (See the OECD DAC’s Glossary of Terms for more information at http://www.oecd.org/dac/glossary).
Credit finance - concessional loans offered at a zero interest rate.
Non-concessional loans - loans offered near or at market rates.
Equity - finance available on the basis of gaining a share in the recieving entity with the right to receive a portion of the profits and value gain of the business. .
Guarantees - an undertaking by a guarantor to pay any outstanding amounts owed by the Beneficiary to the Beneficiary or directly to its creditor(s). Guarantees are normally given through a non-cancelable indemnity bond that guarantees the timely payment of interest and repayment of principal to the Creditors (holders of the debt security). The guarantor will only provide finance if the Beneficiary (issuer of the debt security) fails to do so.
Income refers to funding received other than donor contributions.
Projects and Programmes are the initiatives that receive finance from the fund. These may include finance for preparatory activities to develop project and programmes.
We record the following details for all projects (where information is available):
Country Income level is based on standard World Bank classifications based on 2010 GNI per capita:
The regions used in maps within CFU visualisations are defined by Google tools. See more information about Google regions available.
Adaptation: Adjustment in natural or human systems in response to actual or expected climatic stimuli or their effects, which moderates harm or exploits beneficial opportunities. Various types of adaptation can be distinguished, including anticipatory and reactive adaptation, private and public adaptation, and autonomous and planned adaptation (IPCC, 2007)
Mitigation: Technological change and substitution that reduce resource inputs and emissions per unit of output. Although several social, economic and technological policies would produce an emission reduction, with respect to climate change, mitigation means implementing policies to reduce GHG emissions and enhance sinks. (IPCC, 2007)
REDD+: countries' efforts to reduce emissions from deforestation and forest degradation, and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks (FAO and UNFCCC, 2012).
The main sources of information and the process for information collection for each fund are: