What are the main steps in financing the implementation of actions that support the achievement of NDC objectives for countries?

QuestionsCategory: FAQWhat are the main steps in financing the implementation of actions that support the achievement of NDC objectives for countries?
INDC SupportINDC support asked 9 months ago

The following generic steps can be considered:

  1. By topic, quantify existing finance volumes that could support the implementation of various provisions in the NDC;
  2. Take stock of existing national (public) investments and recurrent spending that are relevant to the provisions in the NDC;
  3. For different scenarios, each describing a realistic range of financing instruments and models, analyse the implications of the provisions in the NDC – that is, impacts, costs, feasibility, needs, and so on;
  4. Assess the investment capacity of private investors, and determine whether incentives can be introduced to mobilize private sector financing;
  5. Explore options concerning international funding, especially with regard to any conditional components in the NDC;
  6. Identify current and potential financial sources, including domestic public budgets, private sector financing, and bilateral and multilateral aid;
  7. Articulate financing plans in the national budget (for direct costs and revenues);
  8. Incorporate future costs in the budget development process.