the public financing of efforts to reduce emissions from deforestation is likely to have played a role in catalysing this private sector participation by lowering risks linked to country participation and improving country readiness in terms of the necessary institutional frameworks large institutional investors are also redirecting investments to align them with climate objectives such as reducing emissions from deforestation for example the norwegian pension fund has begun to divest shares in companies associated with unsustainable palm oil production which can be viewed as an alignment of private financing with global climate change mitigation objectives no comprehensive assessment is available to track climate finance from domestic budgets and there is no agreed classification system for national climate budget tagging that permits international comparisons or aggregation however evidence from countries indicates that domestic resources are a significant and in some cases even a dominant part of climate change expenditure undp