In 2013, annual global climate finance flows totalled approximately USD 331 billion, falling USD 28 billion below 2012 levels.
Public actors and intermediaries contributed USD 137 billion (USD 134-140 billion) largely unchanged from last year. Private investment totalled USD 193 billion, falling by USD 31 billion or 14% from 2012, see Figure ES1. The actual decrease in total flows may be even larger as, for the first time, Landscape 2014 captures public finance flowing to large hydro and research and development (USD 4 billion and USD 3 billion respectively).
Climate finance flows were split almost equally between developed (OECD) and developing (non-OECD) countries, USD 164 billion and USD 165 billion respectively. The amount we tracked flowing from developed to developing countries fell by USD 8 billion from 2012, to USD 34 billion, with multilateral DFI contributions falling by USD 5 billion and private investment contracting by USD 2 billion.
Almost three-quarters of total flows were invested in their country of origin. Private actors had an especially strong domestic investment focus with USD 174 billion or 90% of their investments remaining in the country of origin. This demonstrates that investment environments that are more familiar and perceived to be less risky are key to investment decisions, highlighting the importance of domestic policy frameworks in unlocking scaled up climate finance flows.