UNEP Bilateral Finance Institutions Climate Change Working Group (UNEP BFI CCWG)
Leaders and Innovators in climate finance
- We contribute a very significant portion of all public climate finance
- We are innovative
- We have strategic partnerships
The development finance institutions that make up the UNEP Bilateral Finance Institutions (BFI) Climate Change Working Group account for 13% of all public climate finance.
In 2011, this Group committed USD 10 billion toward mitigation (74%) and adaptation (26%) measures.
The members of the UNEP BFI CCWG are very well-placed to play an important role in the financing of climate change mitigation and adaptation. Their close links to developing country partners give them ready access to contacts and their development mandate enables them to offer less expensive financing that can then leverage wider private sector engagement. Together, the BFIs and UNEP form an effective working group to ensure the greatest impact from available resources.
The mission of the UNEP BFI Climate Change Working Group is to:
Mobilize the capabilities of a wide range of development finance institutions (DFI) within an effective climate finance policy framework
To compliment their mission, the UNEP BFI CCWG currently has three main objectives:
- Increase recognition of the Group’s contributions in the climate finance architecture
- Sharing of information (tools, projects, methodology, metrics)
- Define/disclose best practices