The Research Collaborative on Tracking Finance for Climate Action is a network, led by the OECD, of governments, research organisations and finance providers. It is designed to serve as a platform for identifying research priorities and gaps, sharing information, weaving a coherent narrative across what would otherwise be disparate research outputs, as well as communicating results to raise awareness.

Annual Research Collaborative Workshop

 7 October 2020 Virtual 

This workshop provided a platform for exchanging experiences and latest developments on approaches for measuring the alignment of investments and financing with climate objectives. Combining a virtual discussion among panellists with webcasting, the workshop was attended and viewed by over 400 attendees from governments, financial institutions, research organisations and civil society.

The workshop agenda included four sessions addressing the rationale for measuring the alignment of finance, possible climate-related definitions and inputs to do so, as well as practical experiences to date in both the financial sector and the real economy. Eight pre-recorded presentations (two per session) remain available for viewing after the workshop.

The workshop was embedded in the programme of the 7th OECD Forum on Green Finance and Investment (6-9 October), also held in a fully virtual format.

Latest Publication

“Exploring options to measure the climate consistency of real economy investments: the transport sector in Latvia”

This working paper measures the climate consistency of investments in transport infrastructure and vehicles in Latvia based on three complementary mitigation-related reference points. Applying the criteria from the EU Taxonomy for Sustainable Activities results in 4.2% of investments assessed as making a substantial contribution to climate change mitigation. Comparing actual greenhouse gas trajectories to a 2°C scenario for the EU from the IEA, and to projections from Latvia’s 5th National Communication to the UNFCCC, indicates 32% climate-consistent and up to 9% climate-inconsistent investments. Comparing current trends to 2030 and 2050 mitigation targets highlights investment and financing challenges, especially for road transport. The methodology piloted here can be scaled up across countries and sectors, using different or complementary reference points specifically aligned to the temperature goal of the Paris Agreement.