Climate Finance Network


Background

Connecting people, knowledge, and resources across the region to drive collective climate action.

The Climate Finance Network (CFN) is UNDP Bangkok Regional Hub’s flagship initiative to mobilize and direct finance for climate resilience across Asia and the Pacific. Working with ministries of finance, regulators, the private sector, civil society and development partners, CFN accelerates reforms and instruments that make public and private finance climate-aligned and investable. The CFN initiative is supported by the Governments of the United Kingdom (FCDO) and Sweden (Sida).

Supported by

FCDO and Sida

UK and Sweden as our main partners.

Regional reach

18

countries

across Asia and the Pacific

Over

10

years of

regional engagement and legacy in climate finance

Support

NDCs and NAPs

formulation and implementation

Our mission

Advancing climate finance solutions to stop the climate crisis by unlocking and directing finance towards impactful and inclusive climate action across Asia-Pacific. 

Who we are

CFN is a UNDP regional programme that brings together Ministries of Finance, central banks, regulatory authorities, parliamentarians, auditors, investors, the private sector, CSOs and development partners to build systems, tools and pipelines that channel finance to NDCs and NAPs and to locally-led adaptation.

 

Where We Work

Expanding Our Reach for Greater Impact

The CFN is  committed to its mission of mobilizing and manage increased climate finance across the Asia-Pacific region, targeting a broad spectrum of countries each facing unique challenges and opportunities in the fight against climate change. Our work supports the global goal to achieve the SDGs by 2030 and helps countries set and meet their own climate goals in:

Bangladesh - Cambodia - Fiji - India - Indonesia - Kiribati - Malaysia - Maldives - Nepal - Philippines - Solomon Islands - Sri Lanka - Thailand - Tonga - Tuvalu - Vanuatu - Viet Nam
 

 

What we do

The Climate Finance Network (CFN) work is based on a comprehensive approach, blending knowledge management, capacity building, and technical support through collaborative partnerships. Our impact is channeled through six core workstreams. 

Our workstreams:

    Streamlining budget and planning processes to reflect climate priorities.

    Facilitating entry to global and regional  financial resources from public, private, and philanthropy  for climate initiatives.

    Identifying novel financial mechanisms and tax strategies to boost climate funding.

     Ensuring finance strategies are inclusive and empower all community members.

    Promoting open and responsible financial practices.

    Analyzing and forecasting the economic effects of climate change for better financial planning.

     

    Partnerships at the core

    CFN works through a wide network of partners — core partners include Ministries of Finance and other national authorities; primary partners include parliaments, CSOs and think tanks; strategic partners include global, regional and national institutions (ADB, IMF, UNCDF, donors, philanthropic and private investors).

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    Our contribution to UNDP global mission

    CFN operates within UNDP’s global agenda to align public and private finance with the SDGs. As part of that global ecosystem, CFN collaborates closely with UNDP’s Sustainable Finance Hub — which provides global tools, thematic expertise and a platform for scaling sustainable finance solutions. 

    Home | Sustainable finance hub

    Other key partners include:

    • UNDP Climate Promise — CFN complements the Climate Promise by helping governments not only design ambitious NDCs and NAPs, but also secure the financing and fiscal reforms needed to implement them.

    • BIOFIN (Biodiversity Finance Initiative) — CFN and BIOFIN jointly support ministries of finance and environment to integrate biodiversity and climate considerations into national budgets, taxonomies, and financing strategies.

    • UNCDF Local Finance initiatives — By working with UNCDF, CFN connects national-level fiscal reforms with local-level financing solutions, ensuring resources reach communities on the frontlines of climate impacts.

    Our donors which make our work possible are:

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    Impact

    START DATE

    March 2022

    END DATE

    December 2028

    STATUS

    Ongoing

    PROJECT OFFICE
    IMPLEMENTING PARTNER

    United Nations Development Programme

    DONORS

    Foreign,Commonwealth & Dev.Off.

    UNITED NATIONS DEVELOPMENT PROGRAMME

    TOTAL CONTRIBUTIONS

    $12,191,420

    DELIVERY IN PREVIOUS YEARS

    2022$1,181,533

    2023$1,668,139

    2024$2,475,854

    2025$2,546,098

    Full Project information