This report focuses on the coordination of climate finance and the engagement of stakeholders.

It argues that there is no single institutional arrangement which is ‘perfect’ to mobilise for delivering climate finance. It highlights the important roles of ministries of environment, finance and non-governmental actors all have in creating incentives and accountability for these institutions to work together. The report argues that institutional arrangements for climate finance lie on a continuum wherein they ‘dock’ international or external climate finance in the national system, or ‘mainstream’ climate considerations into core policy and associated investment decisions and financial frameworks. The report states that changes in the structure of institutional arrangements do not necessarily change behaviour. It is the incentives for coordination that matter. Scale of finance available can shape these incentives, and determine whether the arrangements support ‘docking’ or ‘mainstreaming’ (or both).