By Andressa Lima (UFPA/CFC-GS)
The debate on climate finance has gained increasing relevance in international negotiations and national public policies. Knowing where resources come from, where they go, and what objectives they serve is essential not only for governments and multilateral institutions but also for researchers, civil society, and journalists monitoring whether global pledges are truly being translated into concrete support. In this context, the Center for Climate Finance for the Global South (CFC-GS) launches the new version of its Climate Finance Tracker, a renewed and expanded platform that presents data in a transparent, interactive, and accessible way.
The first version of the Tracker, released in June 2025, had already been an important milestone by consolidating data from the Climate Funds Update (CFU), highlighting pledges, deposits, and disbursements from major multilateral climate funds. That initial stage played an essential role: making accessible a set of information that had until then remained scattered or restricted to specialists, shedding light on the financial governance of the funds and offering a clear picture of the gap between pledged amounts and actual disbursements. However, it was still a limited snapshot compared to the complexity of global climate finance, which involves not only these funds but also bilateral cooperation between countries, financing from multilateral development banks, support from philanthropic foundations, and different financial instruments such as grants, concessional loans, and other mechanisms.
The new version of the Tracker addresses this gap by taking a major step forward in terms of scope and data quality. In addition to maintaining the CFU indicators, which underpin the charts on Fund Size Analysis and Aggregate Financial Status, the dashboard now incorporates the OECD/DAC dataset on climate-related development finance. This second block of information significantly broadens the tool’s perspective, allowing users to track the evolution of flows between 2000 and 2023 from the perspective of recipient countries. With it, users can explore in detail how much was allocated to mitigation, adaptation, or overlapping initiatives, by whom, and under what conditions, providing a historical view of more than two decades.
The new layout reflects this transformation. The charts showing the evolution of climate finance by recipient country and climate objective are powered by OECD data, covering the 2000–2023 period. This historical perspective makes it possible to identify long-term trends, regional differences, and the share of resources devoted to mitigation versus adaptation. In addition, the dashboard offers dynamic filters by year, country, and climate objective, and the charts are interactive, allowing users to see exact values by hovering over series or bars. This interactivity supports both quick insights and more detailed analyses, making the user experience clearer and more intuitive.
Meanwhile, the panels dedicated to pledges, deposits, and disbursements of the major multilateral climate funds remain based on the Climate Funds Update (CFU). These data are essential to track the governance of the funds, showing not only the amounts pledged but also what has actually been deposited and disbursed. In this way, the Tracker provides a clear view of the financial execution of multilateral funds, making it easier to compare announced commitments with resources effectively transferred.
Another important improvement is the possibility of downloading the complete datasets, which expands the tool’s potential for academic research, journalistic analysis, and the preparation of reports by governments and civil society organizations. These datasets bring a much higher level of detail than what is visible in the charts, including information on the year of the operation, type of provider (bilateral, multilateral, or philanthropic), responsible agency, recipient country and region, income group according to the OECD classification, concessional or non-concessional modality, climate objective (adaptation, mitigation, or overlap), and amounts in both current and constant 2023 USD. They also record sector, delivery channel, financial instrument, and specific variables such as coal-related financing, the share of climate-related commitments within broader projects, and project-level data such as title, description, and identification number. Overall, this is a robust database that enables diverse analyses, such as identifying which sectors receive the most funding, the extent to which certain countries rely more on loans than grants, and the profile of projects supported.
The launch of this new version comes at a crucial moment. COP29, held in Baku, established a new global climate finance target of USD 300 billion annually by 2035, although the amount was considered insufficient by many developing countries. In this context, having a reliable monitoring tool is even more important. The CFC-GS Tracker becomes a strategic resource for assessing whether commitments are being fulfilled and whether resources are actually reaching the most vulnerable countries and sectors. By combining data on the governance of climate funds with broader information on bilateral, multilateral, and philanthropic flows, the dashboard contributes not only to transparency but also to strengthening analytical capacity and decision-making at different levels of government and society.
More than just a technical update, the new version of the Tracker represents an expansion of purpose. CFC-GS reinforces its mission of creating tools that democratize access to strategic information, strengthening the leadership of the Global South in the climate agenda. The platform goes beyond presenting data, offering a perspective that reveals patterns, inequalities, and trends that can guide evidence-based decision-making. In short, the new version of the Climate Finance Tracker marks a step forward in transparency and scope. By maintaining data on multilateral funds while integrating two decades of OECD-reported flows, the tool provides a comprehensive and interactive view of global climate finance. With dynamic charts, intuitive filters, and the possibility of downloading detailed datasets, it consolidates itself as an essential resource for research, policymaking, and social monitoring. More than just a database, it is a platform that supports the analysis and monitoring of climate finance, essential to advancing public policies aligned with climate justice.
Access the Tracker at the link: https://cfc-gs.com.br/en/tracker-de-financiamento-climatico-do-cfc_gs/
