Closing the Climate Finance Gap
In this
Chatham House research paper, Creon Butler explores the need for and challenge of increasing climate finance to emerging markets and developing countries. He discusses the prospects for raising more public international finance in absolute terms and proposes ideas for using the public money already available - or likely to become available - more effectively. Key findings include the need for regular assessment of different channels for the deployment of public finance in climate action; the need to enable multilateral development banks to leverage risk-bearing private finance, and for public finance to be exposed to more risk; and the need to address moral hazard and other perverse incentives that skew a large amount of private investment towards fossil fuels.
https://www.chathamhouse.org
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