In May 2016, the New Development Bank, established and funded by Brazil, Russia, India, China and South Africa, approved its first set of loans totalling USD 811 million in support for renewable energy projects in India, China and Russia, and created a USD 300 million credit line for renewable energy projects in Brazil (Roychoudhury and Vazquez, 2016). Improved clarity on all climate finance flows is needed to assess progress towards this objective. One element of this will be greater transparency around finance being provided, mobilised and received from all countries.