In Antigua and Barbuda, the NBF project was implemented by the Department of Environment, as the national focal point for climate change, in collaboration with the Ministry of Finance and Corporate Governance.

The project resulted in a report that aims to provide an assessment and overview of Antigua and Barbuda’s public and private finance flows relevant to climate change. In doing so, it identifies climate-related finance within budget spending and international climate finance receipts. It considers how private actors have engaged with, or are affected by, climate change and surveys the tools available to the Government to make all finance flows more consistent with climate actions.

The report acts as a springboard for Antigua and Barbuda, and ongoing projects will continue to refine the methods within, and complement the results of, this report.

Project timeframe: May 2019 – July 2020

Project report: Assessment and Overview of Climate Finance Flows: Antigua And Barbuda 2014–2017

The UNFCCC secretariat has collaborated with the Government of Belize on the NBF project resulting in two technical reports:

Multilateral Climate Finance in Support of Belize' NDC Implementation (May 2021)

Potential Investment from the Private Sector for Climate Finance in Belize (April 2021)

These are taken up as technical input to a climate finance strategy developed by the Government.

The NBF activity in Cuba is being carried out with the Cuban Ministry for Science, Technology, and Environment, in close consultation with other government institutions and national experts. A technical assessment developed shows that Cuba received USD 120 million in international climate finance between 2002 and 2018, primarily for mitigation projects, despite adaptation being defined as a priority in its nationally determined contribution (NDC). Challenges faced by Cuba in accessing climate finance include a lack of financial institutions and project development capacity and expertise, as well as integrating climate change in development plans. A Climate Finance Strategy for the country is being developed to in order to finance the implementation of the country’s NDC and its State Plan for Confronting Climate Change known as “Tarea Vida”.

The NBF activity in the Dominican Republic is being carried out with the National Council for Climate Change and Clean Development Mechanism, Dominican Republic. An assessment of climate finance flows has shown that international climate finance provided to the country has fluctuated between USD 54 million and 250 million per year (2014-2017). Mitigation activities in the energy, industry and agriculture, forestry and other land use sectors remain a high priority, as do adaptation needs in the water, biodiversity, human settlement and infrastructure sectors. These initial findings from the technical assessment developed with the help of experts in the region form the basis for the climate finance strategy under development, which will be aligned with national policies and programmes.

The NBF activity in Honduras is being carried out with the Presidential Office for Climate Change (Clima+). A climate finance assessment has shown that climate finance varied between USD 44 million and 253 million per year (2015 - 2019) and includes a compilation and analysis of prioritized mitigation and adaptation actions as well as information on relevant institutions and existing tools and resources for financing NDC implementation. Based on the findings of the assessment, a toolbox of strategic actions is being developed to help the design of the National Climate Finance Strategy. A series of virtual workshops have been held to build capacity to improve access and to mobilize climate finance.

The implementation of the NBF project in Lebanon was led by the Ministry of Environment of Lebanon.

The aim of the project was to conduct a climate finance needs assessment within the framework of costing energy-related NDC initiatives, including support to the identification of the gaps and challenges in accessing climate finance and of ways to address those.

Support provided through the NBF Project focused on the electricity sector and aimed to address the following questions:

• How much support has already been mobilized and disbursed to implement the different energy-related NDC targets from a) national sources and b) international funds?
• How much financing is still needed and what are the potential sources?
• What is missing in order to translate these conditional and unconditional targets into bankable projects and investments: What are the challenges, gaps and barriers to secure the financing for each energy-related NDC activity?
• What are the recommendations to overcome these challenges in a form of a clear road map and next steps?

The project concluded in early 2020 with the finalization of a technical report on “Costing, financing and achieving Lebanon’s renewable energy-related NDC targets” to be used internally by the the Lebanese Ministry of Environment (MoE).

The report is expected to support the MoE in conducting a climate finance needs assessment within the framework of costing energy-related NDC initiatives. This includes support to the identification of the gaps and challenges in accessing, and processing climate finance and of ways to overcome underlying technical, legal, governance and institutional barriers that might hinder the achievement of the renewable energy NDC target. In addition to containing the findings of the analysis, the report provides recommendations to overcome these challenges, presenting a road map and next steps, and,  provides the detailed methodology followed in the development of this study, including a description of the costing approach applied, a list of the stakeholders approached for interviews and data collection as well as an overview of the potential structure of a climate finance tracking and MRV framework in Lebanon.

An addendum report focusing on climate finance governance and a presentation that can be used as a summary guidance in the context of 'Establishing a climate finance tracking and MRV system for the Lebanese energy sector' were also prepared in the context of the NBF project.

Project time frame: August 2019 to February 2020