First Steps Toward a Quality of Climate Finance Scorecard (QUODA-CF)

36 Pages Posted: 18 Dec 2013

See all articles by Katherine Sierra

Katherine Sierra

Brookings Institution

J. Timmons Roberts

Brown University - Watson Institute for International and Public Affairs

Michele de Nevers

Center for Global Development

Claire Langley

Brookings Institution

Cory B. Smith

Massachusetts Institute of Technology (MIT)

Date Written: July 18, 2013

Abstract

Are climate finance contributor countries, multilateral aid agencies and specialized funds using widely accepted best practices in foreign assistance? How is it possible to measure and compare international climate finance contributions when there are as yet no established metrics or agreed definitions of the quality of climate finance? As a subjective metric, quality can mean different things to different stakeholders, while of donor countries, recipients and institutional actors may place quality across a broad spectrum of objectives. This subjectivity makes the assessment of the quality of climate finance contributions a useful and necessary exercise, but one that has many challenges.

This work seeks to enhance the development of common definitions and metrics of the quality of climate finance, to understand what we can about those areas where climate finance information is available and shine a light on the areas where there is a severe dearth of data. Allowing for comparisons of the use of best practices across funding institutions in the climate sector could begin a process of benchmarking performance, fostering learning across institutions and driving improvements when incorporated in internal evaluation protocols of those institutions.

Keywords: climate finance

Suggested Citation

Sierra, Katherine and Roberts, J. Timmons and de Nevers, Michele and Langley, Claire and Smith, Cory B., First Steps Toward a Quality of Climate Finance Scorecard (QUODA-CF) (July 18, 2013). Center for Global Development Working Paper No. 335. Available at SSRN: https://ssrn.com/abstract=2364573 or http://dx.doi.org/10.2139/ssrn.2364573

Katherine Sierra

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

J. Timmons Roberts (Contact Author)

Brown University - Watson Institute for International and Public Affairs ( email )

111 Thayer Street
Box 1970
Providence, RI 02912-1970
United States

Michele De Nevers

Center for Global Development ( email )

2055 L St. NW
5th floor
Washington, DC 20036
United States

Claire Langley

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

Cory B. Smith

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

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