This document presents the results of the analysis on private expenditure associated with climate change. This study combined and adapted the UNDP Climate Public and Institutional Review Methodology, the OECD methodology and the Biodiversity Financing Project (BIOFIN) methodology. An important strategy used to achieve adequate results is the participation and leadership of representatives of the international cooperation, the private sector, non-governmental organizations, the academic sector and private institutes environment management-related. This process was adequately carried out by using the National Action Plan on Climate Change (PANCC) as a fundamental guide. The main findings revealed that the largest amount of financial resources for adaptation and mitigation was provided by the private sector in 2016 (Q 4,202.8 million). On average, 22% of the expenditure is assigned to adaptation and 78% to mitigation-related activities. The difference is based on the significant raise in expenses in the dimensions of Agriculture, Livestock and Food Security and Integrated Management of Water Resources in the adaptation component. Regarding mitigation component the variation is identified in the Energy dimension. By 2016, the private sector was the most important contributor to adaptation and mitigation actions, followed by the international cooperation. However, it is important to mention that the share of private spending on climate change in relation to GDP remains on average in 0.64% over the years 2015-2017. It is expected that this information will support public policy, enhance the leverage of new financial resources and serve as an input to the process of reporting expenditure that have already been committed by the country in its Nationally Determined Contributions (NDC) and in the actions and goals contained in the National Action Plan of Climate Change (PANCC).
Expenditure Review (BER)