Climate finance Archives

Behind the billions: New dataset exposes the $54 billion gap in MDB climate finance transparency

By Ella Remande-Guyard | Nov 10, 2025 | News

Multilateral development banks (MDBs) play a central role in the provision of climate finance for emerging and developing economies, yet questions remain about where their billions are going and how effectively they are being used. Publish What You Fund is today launching a new report and accompanying dataset, Behind the Billions: tracking the missing pieces of MDB climate finance data. The dataset is the first cross-MDB repository compiling all publicly available, project-level climate finance data disclosed by MDBs between 2021 and 2023.

DFI Climate Finance Transparency: Concerning gaps but glimmers of hope

By Ryan Anderton | Oct 2, 2025 | Blog

In this update, Ryan Anderton highlights the changing landscape of DFI climate finance, shares insights from the 2025 DFI Transparency Index, and outlines his hopes for future progress.

Into the light: A sneak peek at the 2025 DFI Transparency Index

By Gary Forster and Guest | Jun 25, 2025 | Blog

Samantha Attridge and Gary Forster discuss the critical role of transparency in achieving development and climate finance goals, and preview this year’s DFI Transparency Index, highlighting where we’re looking for breakthroughs, and where stumbling blocks may remain.

How transparent are climate funds?

By Ryan Anderton and Alex Tilley | Apr 2, 2025 | Blog

Multilateral climate funds play a crucial role in channelling significant portions of climate finance and will be key in efforts to meet the new $300 billion goal. But what do we know about how this climate finance is deployed, who receives it and the impact it’s having? To gain an insight into the transparency of these funds we have investigated the four largest multilateral climate funds: the Green Climate Fund, Global Environment Facility, Climate Investment Funds, and Adaptation Fund.

DFI Transparency Index 2025: updated methodology and timeline

By Paul James | Aug 15, 2024 | Blog, News

Work on the second DFI Transparency Index is underway, in preparation for launch in July 2025. The Index ranks the transparency of the world’s leading development finance institutions (DFIs) and encourages improvement. We recently completed a methodology review, involving stakeholder consultation, to improve the rigour of the DFI Transparency Index, while maintaining comparability between the 2023 and 2025 editions. Here we set out the changes that have been made to the methodology, including the addition of new climate finance indicators.

How transparent is DFI climate finance?

By Ryan Anderton | Jun 13, 2024 | Blog

Development finance institutions (DFIs) are increasingly pivotal in the climate finance landscape. As they channel more resources to climate finance, and prepare for a new global goal for low- and middle-income countries, Ryan Anderton investigates what exactly we know about current DFI climate investments. In short, he finds a messy picture. Enhanced transparency is crucial if we want to ensure that climate finance is valid, accountable and, most importantly, effective.