The project enhances the integration of climate finance analysis into the strategic decision-making processes of not only policy-makers but also investors and corporate executives in Poland. It does this by establishing a dialogue between national and international public and private actors.
The transition to a low-carbon economy requires an unprecedented redirection of financial flows towards sustainable investments. This project aims to promote a strategic vision for such investment and for rising to the challenge of financing climate action. Its activities are focused on Poland and informed by relevant experiences from Germany and France. Its main objective is to support the exchange of experiences between policy-makers, experts, the business community and civil society in order to improve the assessment and design of domestic climate-finance investment environments. The project also raises stakeholders’ awareness of the financial tools available for achieving climate policy objectives and fostering the transition towards a low-emission economy. Furthermore, the project promotes best practices in the assessment of current investment levels and in the support provided to increase sustainable financial flows, and it explores the potential of investment plan production and forward-looking analysis as a part of national climate strategies.
The project establishes dialogue between national and international public and private actors. Photo: https://www.pexels.com/photo/clear-light-bulb-planter-on-gray-rock-1108572/
The project aims to build on the French success of providing a detailed overview of climate finance. It had linked this overview closely with national policy development and planning processes. By doing so, the project fills a knowledge gap present in most EU Member States’ policy discussions concerning the comprehensive and targeted tracking of climate finance flows and the assessment of green investments. The project is addressing this knowledge gap in both Poland and Germany. In France it is building on existing data and focusing on linking results with forward-looking assessments of how to finance investment needs.
The analysis of climate-related investments and financial flows at a granular level can provide the insights needed to better understand their end impact. Additionally, it can better align the incentives contained in the existing EU and Member State climate policy frameworks on fostering investment and leveraging finance. These are the first key steps for supporting associated activities such as the development of low-carbon investment plans and capital-raising plans, which are increasingly seen as essential elements of low-carbon development strategies.
Where’s my green Money at?
The “Landscape of Climate Finance” project team managed to map approximately 23 billion Polish Złoty (5.2 billion Euro) of public and private funds allocated for low-carbon investments in the buildings sector in Poland between 2014 and 2019. The findings threw more light on the matter: Amongst other things they were utilised as an input for the national long-term renovation strategy in Poland.
This project is part of the European Climate Initiative (EUKI). EUKI is a project financing instrument by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). The EUKI competition for project ideas is implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It is the overarching goal of the EUKI to foster climate cooperation within the European Union (EU) in order to mitigate greenhouse gas emissions.