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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 by UN Climate Change’s #Together4Transparency initiative, developed in partnership with the Centre for Clean Air Policy, 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, ensuring 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.
Read the full case study.
