Chapter 3 | TRACKING CLIMATE FINANCE
The analysis of the OPEC Fund’s portfolio indicates that the distribution of sectoral investments varied considerably over the three time points (Table 3a, 4a and 5a). Out of the total sectoral allocation the percentage of climate finance showed interesting trends. For instance, financing in the energy sector over this time period varied from US$794.7 million (20 percent) in the base year to US$193 million (12 percent) in 2022 and US$113.1 million (9 percent) in 2023. However,
the contribution of climate finance in the energy sector to total investment in the sector increased from 25 percent in the base year to 59 percent in 2022 to 66 percent in 2023 (Table 6b).
Chart 2 depicts contributions of different sectors for 2018-21, 2022 and 2023. Chart 3 indicates the percentage of climate finance of each sector to total investment in the sector for the respective time periods.
Chart 2: Climate Finance Summary, 2018-2023
200 180 160 140 120 100
80 60 40 20 0
Banking and financial services
Education
Energy
Multisectoral
Transport
Other
Agriculture
2018 2019 2020 2021
2022 2023
Source: OPEC Fund climate finance reports, 2018-21, 2022 and 2023 | See also Annex 7.3, Table 6a
Chart 3: Climate Finance Percentage to Total Sectoral Financing, 2018-2023
70%
60%
50%
40%
30%
20%
10%
0%
Agriculture
Banking and financial services
Education
Energy
Multisectoral
Transport
Other
2018 2019 2020 2021
2022 2023
Source: OPEC Fund climate finance reports, 2018-21, 2022 and 2023 | See also Annex 7.3, Table 10
23
Powered by FlippingBook