Recommendations related to the technical guidance on reporting on financial and technology support provided to developing countries under the Monitoring Mechanism Regulation : synthesis report

DG Climate Action commissioned Öko-Institut e.V. with a "Study on climate finance reporting, including methodological issues, producing overview information and assessing emerging requirements" for assessing and aggregating the information on climate finance received through the various reporting obligations, improving methodological approaches for reporting climate finance and taking stock of the developments in the field after COP 21 in Paris. The study should assist the EU and its Member States in improving climate finance reporting in terms of consistency, comparability and accuracy. This synthesis report focuses on recommendations for the improvement of the "Technical guidance on reporting on financial and technology support provided to developing countries under the Monitoring Mechanism Regulation (MMR)" (June 2015). The recommendations have been developed based on the analysis of Member States' reports provided under Article 16 of the Monitoring Mechanism Regulation due by 30 September 2015 and the second biennial reports (BR2) under the UNFCCC due by 1st January 2016 (in particular CTF Tables 7, 7a and 7b3) as well as studies and analysis undertaken by other organisations and authors, in particular the OECD Development Assistance Committee (DAC). The suggested improvements s should also strengthen the consistency, comparability and accuracy of the aggregate EU figures on climate finance provided by DG Climate Action on the basis of MS' reports which supports the EU's position towards its counterparts in the negotiations under the UNFCCC.