Strengthening the Governance of Climate Change Finance to Benefit the Poor and Vulnerable in South Asia
What is the Project About
Communities are at the heart of efforts to mitigate and adapt to the effects of climate change. To increase resilience in the face of natural calamities, UNDP launched the first in-depth analysis of climate-related public expenditure in Pakistan, as part of an international initiative on climate-related public finance.
The Global Climate Risk Index 1993–2012 has ranked Pakistan 12th in the list of countries most affected by extreme weather events. Vulnerability to climate change is high because of its extreme weather and unpredictable monsoon which causes floods, glacier melting and disturbed cropping patterns. Yet Pakistan’s commitment to mitigating climate change is low. Unlike Bangladesh and some other countries, Pakistan has not been able to make effective use of Global Climate Finance.
This project mainstreams climate finance and strengthens the institutions involved in planning, budgeting and implementing climate change actions. It helps to integrate climate change into budgets and planning, and works with the Ministry of Finance to develop systems to track climate change expenditure.
What have we Accomplished so Far
§ The CPEIR was carried out with the Ministry of Climate Change, Ministry of Finance, and the Governments of KP, AJK and GB. This was the first attempt to assess and map CCE in Pakistan.
§ There is now a new awareness of the need to support climate responsive budgeting and effective spending in Pakistan.
§ The Ministry of Finance and the Climate Change division have instituted a stronger budgetary process for climate change spending.
Who Finances it
The Department for International Development (DfID), United Kingdom