Climate Finance Network

Climate Finance Network

Our Mission

Advancing climate finance solutions to stop the climate crisis

At the Climate Finance Network (CFN), our mission is to drive transformative change by unlocking and directing finance towards impactful climate action. We aim to foster resilience, sustainability, and equitable growth within communities most vulnerable to climate change across the Asia-Pacific region. By facilitating strategic investments, innovative solutions, and collaborative partnerships, we endeavour to make climate finance impactful and meet the urgent environmental challenges of our time while paving the way for a more sustainable and inclusive future.

Who We Are

The CFN is UNDP Bangkok Regional Hub’s primary programme on climate finance. The network brings a wide range of stakeholders including ministries of finance, regulators, accountability actors, the private sector, civil society and regional and international development partners to forge partnerships for mobilizing and managing climate finance effectively.

How We Work

A Framework for Impact

The Climate Finance Network (CFN) is predicated on a comprehensive approach, blending knowledge management, capacity building, and technical support through collaborative partnerships. Our impact is channeled through six core workstreams:

Climate change aligned budgeting and planning: Streamlining budget and planning processes to reflect climate priorities.
Access to international climate change finance: Facilitating entry to global and regional financial resources from public, private, and philanthropy for climate initiatives.
Tax and innovative climate change finance: Identifying novel financial mechanisms and tax strategies to boost climate funding.
Gender and social inclusion and climate change finance: Ensuring finance strategies are inclusive and empower all community members.
Transparency and accountability of climate change finance: Promoting open and responsible financial practices.
Modelling climate impacts on economic: Analyzing and forecasting the economic effects of climate change for better financial planning.

Photo: UNDP

Where We Work

Expanding Our Reach for Greater Impact

The CFN is committed to its mission of mobilizing and manage increased climate finance across the Asia-Pacific region, targeting a broad spectrum of countries each facing unique challenges and opportunities in the fight against climate change. Our work supports the global goal to achieve the SDGs by 2030 and helps countries set and meet their own climate goals in:

Bangladesh - Cambodia - Fiji - India - Indonesia - Kiribati - Malaysia - Maldives - Nepal - Philippines - Solomon Islands - Sri Lanka - Thailand - Tonga - Tuvalu - Vanuatu - Viet Nam

News Stories

Press Release

UNDP strengthens collaboration to promote sustainable finance in the Philippines

The Department of Environment and Natural Resources (DENR) hosted a roundtable discussion on thematic bonds supported by the United Kingdom's Foreign, Commonwealth and Development Office.

A Low-Carbon Development Nexus Launched in the Parliament: Climate Finance Handbook, Circular Economy Modul and Study on Islamic Blended Finance

UNDP Indonesia, with the Green Economy Caucus of DPR RI and the Anwar Muhammad Foundation, held a dissemination event for the Climate Finance Handbook for Parliament.

Regional Workshop: Strengthening Regional Partnerships for Climate Transition

The workshop served as a crucial platform for policymakers, financial institutions, experts, and the private sector to converge, sharing insights, experiences, and strategies to accelerate the climate transition.

First Asia-Pacific Blue Economy Forum Convenes in the Maldives

The Asia-Pacific Blue Economy Forum brings together government ministries, private sector representatives, civil society organizations, and practitioners from 15 countries to discuss key themes on the blue economy.

Press Release

Sweden announces USD$3.65 million climate finance support to five Asia-Pacific countries in partnership with UNDP, UNCDF

The Swedish International Development Cooperation Agency (Sida) announced a USD$3.65 million programme to support five Asia-Pacific countries in their efforts to overcome the impacts of climate change, in collaboration with UNDP and the United Nations Capital Development Fund, UNCDF.

Press Release

UK announces £20 million support to UNDP in Asia-Pacific to boost regional climate finance

The United Kingdom announced £274 million for a new Climate Action for a Resilient Asia (CARA) programme. This 7-year programme will work with partners, including UNDP, to deliver projects in areas known to strengthen the resilience of vulnerable communities, economies and the environment

Climate Finance

Climate Finance Network explores Innovations and Impact Investments to fund climate response across Asia-Pacific

UNDP Asia and the Pacific’s Climate Finance Network (CFN) initiative which supports countries in their efforts to promote and scale climate finance innovations in the region with, is convening a Regional Dialogue and Knowledge Exchange on Climate Finance in Bangkok on 3-5 October 2022.

Press Release

Resilience in the face of Climate Change

UNDP Sri Lanka has partnered with the Ministry of Environment and the Ministry of Finance to implement the Climate Finance Network (CFN) Project.

Blog

Moving on to greener budgets: a guidance note on challenges and opportunities to refine public finance

As countries recover from COVID-19 pandemic shock, there are growing calls across societies to build forward better, greener and more inclusive, to accelerate the transition to net zero-carbon economies.

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Publications

Guidelines

Technical Brief on Decision-Making framework For Carbon Pricing in Asia

This paper examines how decisions are made in setting prices for carbon emissions. It discusses different methods used to tackle these choices, focusing on the balance of economic benefits against social and environmental impacts.

Guidelines

UNDP Global Climate Public Finance Review

The global climate public finance review provides a stock-take and analysis of the reforms introduced globally to integrate climate change into public financial management (PFM) systems. The review makes use of an adapted version of the ‘green PFM’ framework for structure and analysis.

Guidebook

Guidebook on how to Access Climate Finance for Member States od the Association of Southeast Asian Nations

The technical guidebook provides an overview of climate finance in the region and sources of climate finance flows, as well as the project development process to access sources of climate finance. It also highlights the development of an overall framework to mobilize and access climate finance.

Guidelines

Budgeting for a Greener Planet

The aims of the assessment are to understand progress to date in establishing accountability systems for climate change finance, draw lessons, and guide actors — both global and domestic — on entry points to strengthen systems.

Guidelines

Guidelines: Gender-responsive and Socially Inclusive Climate Cost-Benefit Analysis

The aim of the Gender-responsive and socially inclusive climate cost-benefit analysis (CCBA) is to facilitate factoring potential climate change impacts into a conventional project cost-benefit analysis, and ensuring robust evaluation and selection criteria for enhanced social welfare impact.

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Policy Briefs

Enhancing Transparency and Accountability of Domestic Climate Public Finance

PDF (838kb)

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Enhancing Transparency and Accountability of International Public Climate Finance

PDF (1,029kb)

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Key Partners

Our key partners are committed to advancing climate finance and sustainable development.

Contact

For further information, contact Asad Maken.