Case Study: How Panama is Using Transparency to Unlock Climate Finance
- UNFCCC
- 2 days ago
- 2 min read
(Original Story written by UN Climate Change News)
Climate transparency is more than a reporting requirement under the Paris Agreement – it’s a strategic tool to unlock the finance countries need to meet their climate goals.
As nations update their national climate plans (NDCs) in 2025, a new case study from UN Climate Change’s #Together4Transparency initiative, developed in partnership with CCAP, highlights how strong transparency systems can help mobilize climate finance and drive global action.
The study shows that when countries embed transparency into their climate reporting systems, they can more effectively pinpoint investment opportunities in high-priority areas, identify financing gaps and attract both public and private funding.
By aligning transparency frameworks with national priorities and capacities, governments can clearly demonstrate their climate progress and finance needs, building trust and enabling coordinated support.
The case study presents the concept of a three-part engine that drives climate action:
NDCs set national targets and estimate the cost of climate action.
Transparency mechanisms track progress and identify gaps in action and support.
Climate finance bridges these gaps, making implementation possible.
The publication focuses on Panama’s National Climate Transparency Platform, launched in 2022, as a compelling example of how robust transparency mechanisms can help unlock vital climate finance. This digital portal integrates climate data and policy information through modular, interconnected systems. This ensures consistent, traceable reporting aligned with Paris Agreement requirements.
Panama’s platform shows how national systems can embed Enhanced Transparency Framework requirements in a way that not only fulfills international reporting commitments but also supports NDC implementation and drives transformative climate action.
About #Together4Transparency
Launched at COP27 by UN Climate Change, the #Together4Transparency collaborative initiative unites several groups of stakeholders committed to joining forces in the implementation of the Enhanced Transparency Framework, recognizing that all actors can play a role in ensuring the success of the Paris Agreement. For more information, contact Jessica Sánchez García at: jsanchez@unfccc.int
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CCAP’s mission is to support every step of climate action, from ambition to implementation. A recognized world leader in climate policy and action, CCAP creates innovative, replicable climate solutions, strengthens capacities, and promotes best practices across the local, national, and international levels to accelerate the transition to a net-zero, climate resilient future. CCAP was founded in 1985 and is based in Washington, DC.
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