Climate Finance

Plan, access, deliver, and monitor climate finance at the national level to reduce climate risks and contribute to sustainable development goals.



Competency Area

Climate Change


Understands the concept of climate finance

Understands the role of climate finance on adaptation and mitigation

Aware of climate change risks and its distinct categories,how climate risk is evaluated and current gaps in assessing risks

Aware of climate change risks and its distinct categories

Aware of the concept of Climate-Related Financial Disclosures

Understands how public finance is impacted by climate change and climate change policies

Aware of local or national climate finance instruments

Understands commonly agreed definitions about the types of climate risk (e.g., transition, physical, liability)

Understands global climate finance policies

Aware of the enhanced transparency framework of the Paris Agreement, The Convention and the Kyoto Protocol

Understands the role of a) public and private financial institutions, and b)financial system governance bodies in climate financing

Understand climate risk disclosure frameworks (TCFD, SASB, CDSB, GRO, etc.)

Utilizes existing frameworks to undertake increasingly rigorous climate risk assessment

Aware of transnational finance instruments and climate finance policies

Assess the feasibility of access to climate finance policies

Understands emerging trends in the transition towards climate-resilient investing

Understands the role of government in assessing in current gaps in climate finance, critical mitigation and adaptation strategies

Aware of roadblocks to adaptation action, including the failure to incorporate climate change risks and opportunities into planning and financial system governance and the challenge of mobilizing financing for adaptation investments

Understands the how policy/regulatory actions or uncertainty impacts financial viability of investments

Incorporates cost effective frameworks or acquire special climate funds, such as the multilateral Global Environment Facility (GEF), Climate Investment Funds (CIF), and Green Climate Fund (GCF)

Identifies and employ the tools, data, and analytics appropriate to understand and assess information presented by financial actors

Ensures regular integration of enhanced understanding of climate resilience in all investments via the employment of climate scenarios used for stress testing

Conducts assessments on feasibility redirecting financing of sustainable development projects to climate financing

Design climate policy incorporating climate finance elements

Utilises “climate-informed” approach

Develops, adopts and employs climate risk management practices

Incorporates financial instruments or mechanisms that can be targeted to address or help scale up adaptation investment

Undertakes economy-wide, sector-wide, and/or regional assessments of the impacts of physical climate risks””both acute and chronic””to overall economic growth and stability

Contributes to global climate finance innovations

Establishes, develops, and promotes a network of excellence on climate risk and adaptation management (climate risk rating systems)

Promotes the integration of climate considerations into financial system governance

Monitors and forecasts climate risk trends and anticipates cascading effects of the same (macro-financial risks, including cyclical risks, structural risks, idiosyncratic risks, and other systemic risks)

Promotes the development of a climate analytics industry

Innovates in financial instruments for climate adaptation and resilience (developing harmonized metrics and standards for mitigation investment, piloting and scaling up innovative financial mechanisms such as blended finance)

Integrates climate considerations into the main elements of financial governance (e.g., prudential, disclosure, standards/metrics, and monetary policy)

Ensures the economic and financial impacts of climate risks are integrated into financial policy