Communication of Financial data to the public


#1

Challenger : World Bank

In a nutshell : Is it possible to provide a richer, more detailed and up-to-date understanding of climate finance commitments and spending by countries and donors around the world?

The case for climate action has never been stronger. Current weather extremes, such as storms, floods and drought, are becoming more frequent and intense, affecting millions of people across the world. Climate change is threatening global water and food security, agricultural supply chains, and many coastal cities. The poor are uniquely vulnerable to the impacts of climate change, and the need for action is urgent.

The 2015 Paris Accord set a target of $100 billion to address the climate mitigation and
adaptation needs of developing countries. Although much of this financing comes from
governments and international organizations, efforts to track commitments and spending are poorly understood and not communicated well. Authoritative updates are sporadic at best, so how do we ensure that the phrase “on track” actually describes real efforts by countries to meet obligations?

Challenger representative: Francesco Ciriaci (Business Process Officer, World Bank)

Mentors : Francesco Ciriaci (Business Process Officer, World Bank) + Samuel Fraiberger (Data Scientist, World Bank) + Anna Alberts (Open Knowledge Germany) + Jamie Gilman (Designer, Beyond Words Studio) + Oscar Montiel (International community coordinator, Open Knowledge Foundation International)


#2

#3

Climate change is a global challenge, some say “the” global challenge of our time.

Here is some more context for this challenge, from the official sources:
Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change. (source: UNFCCC - Introduction to Climate Finance: https://unfccc.int/topics/climate-finance/the-big-picture/introduction-to-climate-finance )

Climate finance comes in response to the ever more pressing challenge of climate change, and the recognition that the contribution of countries to climate change and their capacity to prevent it and cope with its consequences vary enormously.

Multilateral banks began publishing their climate investment in developing countries and emerging economies jointly in 2011, and in 2015 MDBs and the International Development Finance Club agreed joint principles for tracking climate adaptation and mitigation finance.

A good starting point is the JOINT REPORT ON MULTILATERAL DEVELOPMENT BANKS’ CLIMATE FINANCE:


#4

Check out some datasets for this challenge in the Climate Finance > Datasets topic: