Chapter 4 | TRACKING OPEC FUND’S CLIMATE FINANCE
Chart 3: Contribution of Public and Private Sector to Climate Finance as percentage of total OPEC Fund finance, 2018-2024
50%
45%
40%
43 %
42 %
35%
38 %
30%
32 %
25%
27 %
24 %
20%
23
%
19 %
15%
10%
5%
0%
2018-2021
2022
2023
2024
Public Sector
Private Sector
Source: OPEC Fund climate finance reporting, 2018-21, 2022, 2023 and 2024 | See also Annex 7.3, Table 3
Sectoral Distribution of Climate Finance
Sector Definitions
Agriculture This sector encompasses all projects related to farming, live- stock, fisheries and forestry. It includes initiatives aimed at improving agricultural productivity, sustainability and resil- ience to climate change. Education This sector includes projects aimed at improving educational infrastructure, access to education and quality of education. It includes investments in schools, universities and vocational training centers as well as educational programs and initiatives. Energy This sector includes projects related to the production, dis- tribution and consumption of energy. It covers renewable en- ergy projects (such as solar, wind and hydroelectric power 5 ), energy efficiency initiatives and other efforts to transition to sustainable energy sources. Financial Institutions This sector includes financial institutions’ transactions, primarily loans to banks. It covers all financial services pro- vided by banks and other financial institutions, including
credit, investment and insurance services that support eco- nomic activities.
Multisectoral This category is used for projects that are cross-cutting and do not fit into a single sector. Multisectoral projects might include initiatives that address climate resilience, energy transition and agriculture simultaneously. This classification is used for loans and other financial transactions that have impacts across multiple sectors. Transport This sector includes projects related to the development and maintenance of transportation infrastructure. It covers roads, railways, airports, seaports and public transportation systems as well as initiatives aimed at improving transporta- tion efficiency and sustainability. Others This category includes any projects that do not fit into the specific sectors mentioned above. It is a category for miscel- laneous projects that have unique or diverse objectives such as policy-based lending.
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