The Role of National Financial Institutions in the Implementation of NDCs

This study has been developed to provide new insights and analyses as a contribution to the Nationally Determined Contributions Partnership, or NDC Partnership. Launched at the 22nd Conference of the Parties (COP22) in Marrakesh, the NDC Partnership aims to enhance cooperation so that countries have access to the technical knowledge and financial support they need to achieve large-scale climate and sustainable development targets as quickly and effectively as possible. With the critical question as to how NDCs can be financed and sufficient investment be mobilised, the NDC Partnership has identified the promotion of “Enhanced Financial Support for NDC Implementation” as a key pillar of its work. While the aspiration to align SDG development finance with NDC-compatible projects is central to this goal, it is equally paramount to answer how the national financial sectors can internalise the green transition challenge and contribute to the financing of climate actions as mainstream activities integrated into their own processes. In contribution to this debate, the global study assesses the role of national financial institutions in incentivising, leveraging and accelerating financial flows within a given country to fulfil the targets expressed in its NDC.