Scaling Up the Mobilisation of Private Finance for Climate Action in Developing Countries
Challenges and Opportunities for International Providers
This report explores evidence-based action areas to increase and accelerate the mobilisation of private finance for climate action in developing countries, and the role of international public finance providers in doing so. It draws on best-available data to provide disaggregated analysis of the sectoral, geographic and other features of private finance mobilised by public climate finance and presents key economy-wide, sector-specific, and institutional challenges to private finance mobilisation. The analysis is anchored in the context of the USD 100 billion climate finance goal, initially set for 2020 and extended to 2025, while also providing insights related to mobilising private finance for climate action in developing countries more broadly.
Introduction
Achieving low-greenhouse and climate-resilient development in developing countries requires a significant mobilisation of finance from all sources: public, private, domestic, and international. The estimated financing gap for climate action in developing countries is significant. International public climate finance needs to be deployed more effectively to accelerate and scale up the mobilisation of private finance. This chapter provides context for the report. It presents the global challenge, both in the context of the USD 100 billion climate finance goal and beyond, and the fundamental questions this report seeks to address – what are the barriers to private finance mobilisation, and what are the opportunities to overcome them? – and the report’s scope and methodology for answering them.
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