Beyond the Sum of Its Parts : Combining Financial Instruments to Support Low-Carbon Development
The world development report 2010 estimates that an additional $200 billion per year of climate-related financing is needed in developing countries between now and 2030 to keep global average temperature rise within 2 degrees Celsius. Developing co...
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/913041468166160643/Beyond-the-sum-of-its-parts-combining-financial-instruments-to-support-low-carbon-development http://hdl.handle.net/10986/27753 |
| Summary: | The world development report 2010
estimates that an additional $200 billion per year of
climate-related financing is needed in developing countries
between now and 2030 to keep global average temperature rise
within 2 degrees Celsius. Developing countries face
increased financing challenges over coming decades as they
seek to pursue economic development along a lower emission
trajectory. The goal of this paper is twofold: i) to provide
greater information and clarity on these three
mitigation-related climate financing instruments available
for the World Bank Group (WBG) and their application in the
context of specific projects and national policy frameworks;
and ii) to draw lessons for the broader development
community on how resources from different climate financing
instruments can be combined for expanded impact, increased
leverage, and enhanced efficiency. This paper represents an
initial contribution to this field and will be followed by
papers focusing on guarantees for low-carbon growth support
for the private sector and the challenges of financing
climate resilience and adaptation. |
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