Climate Finance : Engaging the Private Sector
This paper is focused on climate-related investment in developing countries. It provides the reader with an overview of climate-related activities, clarifies the terminology and discusses the sources of finance and public support. Section 1 gives a...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/495271468337214058/Climate-finance-engaging-the-private-sector http://hdl.handle.net/10986/27817 |
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okr-10986-27817 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCESS TO CAPITAL ACCESS TO FINANCING ACCOUNTING AFFORDABLE COST AGENCY PROBLEMS AMORTIZATION ASSET CLASS BALANCE SHEET BANKING SECTOR BARRIERS TO INVESTMENT BID BOND BOND ISSUE BORROWING BROKER CAPACITY BUILDING CAPITAL COST CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH FLOWS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOAN COMMERCIAL PAPER COMMERCIAL TERMS COMPETITIVE BIDDING CONTRACT ENFORCEMENT CORPORATE DEBT COUNTRY DEBT COUNTRY RISK CREDIBILITY CREDIT AGENCY CREDIT ARRANGEMENTS CREDIT FLOWS CREDIT GUARANTEES CREDIT LINE CREDIT LINES CREDIT RISK CREDIT STANDING CREDITOR CREDITS DEBT DEBT FINANCING DEBT INSTRUMENTS DEBT SERVICE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOANS DUE DILIGENCE ECONOMIC EFFICIENCY ELIGIBILITY CRITERIA EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENTREPRENEURS EQUIPMENT EQUITY FINANCE EQUITY FUND EQUITY FUNDS EQUITY INVESTMENTS EQUITY INVESTORS EQUITY MARKETS EQUITY PRODUCTS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCES FINANCIAL CAPITAL FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL VIABILITY FINANCING COST FINANCING COSTS FINANCING NEEDS FIXED ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FOREIGN INVESTOR GLOBAL BOND GLOBAL BOND MARKET GOVERNMENT CAPACITY GOVERNMENT INTERVENTION GOVERNMENT SUPPORT GRANT FUNDING HOST COUNTRY HOST GOVERNMENTS INCOME STREAM INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL FINANCE INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT BARRIERS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITY INVESTMENT POLICIES INVESTMENT POLICY INVESTMENT VEHICLES INVESTMENT VOLUMES ISSUANCE ISSUANCE OF BONDS LACK OF AWARENESS LENDERS LEVEL PLAYING FIELD LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOCAL BANK LOCAL BANKS LOCAL BUSINESSES LOCAL MARKET LONG-TERM DEBT LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ANALYSTS MARKET BENCHMARKS MARKET DEVELOPMENT MARKET DISTORTIONS MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET MECHANISMS MARKET PLAYER MARKET RETURN MARKET RISK MARKET SIZE MARKET TRANSACTIONS MATURE CAPITAL MARKETS MATURE MARKETS MEZZANINE DEBT NEW MARKETS PARTIAL CREDIT PARTIAL RISK PARTNER BANKS PENSION PENSION FUND PENSION FUND ASSETS PENSION FUNDS POLICY ENVIRONMENT POLITICAL RISK POLITICAL RISKS POLITICAL STABILITY PORTFOLIO PORTFOLIOS PRICE RISK PRIVATE BANKS PRIVATE CAPITAL PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE SECTOR BANKS PRIVATE SECTOR FINANCING PROPERTY RIGHTS PROVISION OF FINANCE PUBLIC FINANCE PUBLIC FUNDS PUBLIC MARKETS REGULATORY BARRIERS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RETURN RETURNS RISK EXPOSURE RISK FACTORS RISK PERCEPTION RISK PERCEPTIONS RISK PROFILE RISK SHARING RULE OF LAW SAVINGS SECURITIES SHAREHOLDER SHORT-TERM FINANCING SOLVENCY SOURCE OF INFORMATION SOURCES OF FINANCE SOVEREIGN RISK SOVEREIGN RISKS SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPPLY CHAIN SUPPLY CHAINS SWAP TAX TAX INCENTIVES TAX REGIMES TECHNICAL ASSISTANCE TRANCHE TRANSACTION TRANSACTION COSTS VENTURE CAPITAL |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO FINANCING ACCOUNTING AFFORDABLE COST AGENCY PROBLEMS AMORTIZATION ASSET CLASS BALANCE SHEET BANKING SECTOR BARRIERS TO INVESTMENT BID BOND BOND ISSUE BORROWING BROKER CAPACITY BUILDING CAPITAL COST CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH FLOWS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOAN COMMERCIAL PAPER COMMERCIAL TERMS COMPETITIVE BIDDING CONTRACT ENFORCEMENT CORPORATE DEBT COUNTRY DEBT COUNTRY RISK CREDIBILITY CREDIT AGENCY CREDIT ARRANGEMENTS CREDIT FLOWS CREDIT GUARANTEES CREDIT LINE CREDIT LINES CREDIT RISK CREDIT STANDING CREDITOR CREDITS DEBT DEBT FINANCING DEBT INSTRUMENTS DEBT SERVICE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOANS DUE DILIGENCE ECONOMIC EFFICIENCY ELIGIBILITY CRITERIA EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENTREPRENEURS EQUIPMENT EQUITY FINANCE EQUITY FUND EQUITY FUNDS EQUITY INVESTMENTS EQUITY INVESTORS EQUITY MARKETS EQUITY PRODUCTS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCES FINANCIAL CAPITAL FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL VIABILITY FINANCING COST FINANCING COSTS FINANCING NEEDS FIXED ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FOREIGN INVESTOR GLOBAL BOND GLOBAL BOND MARKET GOVERNMENT CAPACITY GOVERNMENT INTERVENTION GOVERNMENT SUPPORT GRANT FUNDING HOST COUNTRY HOST GOVERNMENTS INCOME STREAM INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL FINANCE INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT BARRIERS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITY INVESTMENT POLICIES INVESTMENT POLICY INVESTMENT VEHICLES INVESTMENT VOLUMES ISSUANCE ISSUANCE OF BONDS LACK OF AWARENESS LENDERS LEVEL PLAYING FIELD LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOCAL BANK LOCAL BANKS LOCAL BUSINESSES LOCAL MARKET LONG-TERM DEBT LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ANALYSTS MARKET BENCHMARKS MARKET DEVELOPMENT MARKET DISTORTIONS MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET MECHANISMS MARKET PLAYER MARKET RETURN MARKET RISK MARKET SIZE MARKET TRANSACTIONS MATURE CAPITAL MARKETS MATURE MARKETS MEZZANINE DEBT NEW MARKETS PARTIAL CREDIT PARTIAL RISK PARTNER BANKS PENSION PENSION FUND PENSION FUND ASSETS PENSION FUNDS POLICY ENVIRONMENT POLITICAL RISK POLITICAL RISKS POLITICAL STABILITY PORTFOLIO PORTFOLIOS PRICE RISK PRIVATE BANKS PRIVATE CAPITAL PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE SECTOR BANKS PRIVATE SECTOR FINANCING PROPERTY RIGHTS PROVISION OF FINANCE PUBLIC FINANCE PUBLIC FUNDS PUBLIC MARKETS REGULATORY BARRIERS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RETURN RETURNS RISK EXPOSURE RISK FACTORS RISK PERCEPTION RISK PERCEPTIONS RISK PROFILE RISK SHARING RULE OF LAW SAVINGS SECURITIES SHAREHOLDER SHORT-TERM FINANCING SOLVENCY SOURCE OF INFORMATION SOURCES OF FINANCE SOVEREIGN RISK SOVEREIGN RISKS SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPPLY CHAIN SUPPLY CHAINS SWAP TAX TAX INCENTIVES TAX REGIMES TECHNICAL ASSISTANCE TRANCHE TRANSACTION TRANSACTION COSTS VENTURE CAPITAL Patel, Shilpa Climate Finance : Engaging the Private Sector |
| description |
This paper is focused on climate-related
investment in developing countries. It provides the reader
with an overview of climate-related activities, clarifies
the terminology and discusses the sources of finance and
public support. Section 1 gives an overview of current
investment in climate-related activities. Section 2 defines
a typology of private sector investment according to stage
of technology development and type of project/investment.
Section 3 outlines the risks faced by a private investor in
emerging markets, how these risks are typically mitigated,
and discusses how barriers to low carbon investment can
exacerbate these risks. Section 4 discusses the different
types of support relevant for the private sector and,
building on the experience of the EBRD and IFC, the leverage
associated with the different project types and support
sources. Case studies of innovative use of concessional
finance are also provided. Section 5, using the two main
available sources of information, assesses the level of
investment that will be required for a 2 degrees celsius
pathway and concludes with a description of the support
mechanisms that will be needed to mobilize private flows. An
annex provides a list of interesting initiatives being
implemented by other intergovernmental organizations and
agencies that also speak to improving private sector
engagement in the climate investment space. |
| format |
Working Paper |
| author |
Patel, Shilpa |
| author_facet |
Patel, Shilpa |
| author_sort |
Patel, Shilpa |
| title |
Climate Finance : Engaging the Private Sector |
| title_short |
Climate Finance : Engaging the Private Sector |
| title_full |
Climate Finance : Engaging the Private Sector |
| title_fullStr |
Climate Finance : Engaging the Private Sector |
| title_full_unstemmed |
Climate Finance : Engaging the Private Sector |
| title_sort |
climate finance : engaging the private sector |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/495271468337214058/Climate-finance-engaging-the-private-sector http://hdl.handle.net/10986/27817 |
| _version_ |
1764465151651610624 |
| spelling |
okr-10986-278172021-04-23T14:04:44Z Climate Finance : Engaging the Private Sector Patel, Shilpa ACCESS TO CAPITAL ACCESS TO FINANCING ACCOUNTING AFFORDABLE COST AGENCY PROBLEMS AMORTIZATION ASSET CLASS BALANCE SHEET BANKING SECTOR BARRIERS TO INVESTMENT BID BOND BOND ISSUE BORROWING BROKER CAPACITY BUILDING CAPITAL COST CAPITAL FLOWS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CASH FLOWS COLLATERAL COMMERCIAL BANKS COMMERCIAL LOAN COMMERCIAL PAPER COMMERCIAL TERMS COMPETITIVE BIDDING CONTRACT ENFORCEMENT CORPORATE DEBT COUNTRY DEBT COUNTRY RISK CREDIBILITY CREDIT AGENCY CREDIT ARRANGEMENTS CREDIT FLOWS CREDIT GUARANTEES CREDIT LINE CREDIT LINES CREDIT RISK CREDIT STANDING CREDITOR CREDITS DEBT DEBT FINANCING DEBT INSTRUMENTS DEBT SERVICE DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DIRECT LOANS DUE DILIGENCE ECONOMIC EFFICIENCY ELIGIBILITY CRITERIA EMERGING MARKETS ENABLING ENVIRONMENT ENABLING ENVIRONMENTS ENTREPRENEURS EQUIPMENT EQUITY FINANCE EQUITY FUND EQUITY FUNDS EQUITY INVESTMENTS EQUITY INVESTORS EQUITY MARKETS EQUITY PRODUCTS EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPORTERS FINANCES FINANCIAL CAPITAL FINANCIAL FLOWS FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL SUPPORT FINANCIAL SUSTAINABILITY FINANCIAL VIABILITY FINANCING COST FINANCING COSTS FINANCING NEEDS FIXED ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE RISK FOREIGN INVESTMENT FOREIGN INVESTOR GLOBAL BOND GLOBAL BOND MARKET GOVERNMENT CAPACITY GOVERNMENT INTERVENTION GOVERNMENT SUPPORT GRANT FUNDING HOST COUNTRY HOST GOVERNMENTS INCOME STREAM INFLATION INFORMATION ASYMMETRY INFRASTRUCTURE INVESTMENT INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE PRODUCTS INTEREST RATE INTEREST RATES INTERNATIONAL FINANCE INVESTING INVESTMENT ACTIVITY INVESTMENT BANK INVESTMENT BARRIERS INVESTMENT CLIMATE INVESTMENT DECISIONS INVESTMENT FINANCE INVESTMENT FLOWS INVESTMENT FUNDS INVESTMENT OPPORTUNITIES INVESTMENT OPPORTUNITY INVESTMENT POLICIES INVESTMENT POLICY INVESTMENT VEHICLES INVESTMENT VOLUMES ISSUANCE ISSUANCE OF BONDS LACK OF AWARENESS LENDERS LEVEL PLAYING FIELD LIQUIDITY LOAN LOAN PORTFOLIO LOAN PRODUCTS LOCAL BANK LOCAL BANKS LOCAL BUSINESSES LOCAL MARKET LONG-TERM DEBT LONG-TERM FINANCE MACROECONOMIC STABILITY MARKET ANALYSTS MARKET BENCHMARKS MARKET DEVELOPMENT MARKET DISTORTIONS MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET MECHANISMS MARKET PLAYER MARKET RETURN MARKET RISK MARKET SIZE MARKET TRANSACTIONS MATURE CAPITAL MARKETS MATURE MARKETS MEZZANINE DEBT NEW MARKETS PARTIAL CREDIT PARTIAL RISK PARTNER BANKS PENSION PENSION FUND PENSION FUND ASSETS PENSION FUNDS POLICY ENVIRONMENT POLITICAL RISK POLITICAL RISKS POLITICAL STABILITY PORTFOLIO PORTFOLIOS PRICE RISK PRIVATE BANKS PRIVATE CAPITAL PRIVATE EQUITY PRIVATE FINANCE PRIVATE FINANCING PRIVATE FUNDS PRIVATE INVESTMENT PRIVATE INVESTOR PRIVATE INVESTORS PRIVATE SECTOR BANKS PRIVATE SECTOR FINANCING PROPERTY RIGHTS PROVISION OF FINANCE PUBLIC FINANCE PUBLIC FUNDS PUBLIC MARKETS REGULATORY BARRIERS REGULATORY FRAMEWORK REGULATORY FRAMEWORKS RETURN RETURNS RISK EXPOSURE RISK FACTORS RISK PERCEPTION RISK PERCEPTIONS RISK PROFILE RISK SHARING RULE OF LAW SAVINGS SECURITIES SHAREHOLDER SHORT-TERM FINANCING SOLVENCY SOURCE OF INFORMATION SOURCES OF FINANCE SOVEREIGN RISK SOVEREIGN RISKS SUBORDINATED DEBT SUPERVISORY AUTHORITIES SUPPLY CHAIN SUPPLY CHAINS SWAP TAX TAX INCENTIVES TAX REGIMES TECHNICAL ASSISTANCE TRANCHE TRANSACTION TRANSACTION COSTS VENTURE CAPITAL This paper is focused on climate-related investment in developing countries. It provides the reader with an overview of climate-related activities, clarifies the terminology and discusses the sources of finance and public support. Section 1 gives an overview of current investment in climate-related activities. Section 2 defines a typology of private sector investment according to stage of technology development and type of project/investment. Section 3 outlines the risks faced by a private investor in emerging markets, how these risks are typically mitigated, and discusses how barriers to low carbon investment can exacerbate these risks. Section 4 discusses the different types of support relevant for the private sector and, building on the experience of the EBRD and IFC, the leverage associated with the different project types and support sources. Case studies of innovative use of concessional finance are also provided. Section 5, using the two main available sources of information, assesses the level of investment that will be required for a 2 degrees celsius pathway and concludes with a description of the support mechanisms that will be needed to mobilize private flows. An annex provides a list of interesting initiatives being implemented by other intergovernmental organizations and agencies that also speak to improving private sector engagement in the climate investment space. 2017-08-15T15:05:42Z 2017-08-15T15:05:42Z 2010-10-31 Working Paper http://documents.worldbank.org/curated/en/495271468337214058/Climate-finance-engaging-the-private-sector http://hdl.handle.net/10986/27817 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |