Mobilising private climate finance
Developed countries have committed to mobilise $100 billion in climate finance per year by 2020 to address the needs of developing countries under the United Nations Framework Convention on Climate Change (UNFCCC). It is widely accepted that meeting this required scale and pace in deployment of climate finance will require transformational changes to public and private sector financial architecture. Public sector resources can catalyse private sector investment and activity.
There is a need for more centralised and comparable information on how public international climate finance is mobilising private sector action to support climate compatible development. As an initial effort to this end, ODI has compiled an online resource of 73 investments representing $8.5 billion, drawing on our reviews of Japanese, US, UK, and German public support for climate change related interventions by the private sector in the period 2010 through 2012.
As highlighted in the ODI reports, these countries are also providing critical support to developing countries in the establishment of climate strategies, policies, regulations and incentives to strengthen investment climates for climate compatible development (CCD).
Information in the Private Climate Finance Support database includes:
- financing from the public sector (donor governments, IFIs, MDBs, NDBs etc.),
- financing from the private sector (in developed and developing countries),
- financial instrument used (and disbursal status),
- role of intermediaries (and country of ownership),
- end-recipient of finance (and country of ownership),
- if funds are directed toward mitigation or adaptation,·
- technology / sector, and
- country / region.
Head of Programme - Climate and Energy Programme