Common principles for climate mitigation finance tracking
The Common Principles for Climate Mitigation Finance Tracking consist of a set of definitions and guidelines and a list of eligible activities that allow for consistent accounting and reporting of financial flows for climate change mitigation finance. The Common Principles have been developed by the Joint Climate Finance Tracking Group of multilateral development banks (MDBs) and a group of representatives of the International Development Finance Club (IDFC) member banks, based on their experience and knowledge of climate change mitigation activities and available low-carbon technologies. The MDBs and the IDFC (in its Green Finance Mapping) commit to applying the Common Principles in their tracking and reporting of climate change mitigation finance. They invite other institutions to adopt the methodology and foster increased transparency, consistency and credibility while reporting financial flows that contribute to climate change mitigation. The Common Principles are designed for use in ex-ante assessments and focus on the type of activity to be executed, not on its purpose, the origin of the financial resources, or its actual mitigation impact. The list of eligible activities is presented by sector. Policy actions, technical assistance and programmes in support of the eligible activities are also eligible, provided that the link to eligible activities is clear or sufficiently demonstrated.