@misc{ed9e1965c891495d89775c6f266fcccd,
title = "Mobilising public and private co-finance",
abstract = "After a historic first-ever vote at the GCF Board meeting, the board adopteda funding proposal by the Asian Development Bank (ADB) at the last BoardMeeting (B.24). The project aims to leverage up-front private, institutionaland commercial finance for climate resilient subprojects. Using US\$ 100 millionof GCF funding, it plans to mobilise an additional US\$ 1.310 million in co-finance from public and private sources (a ratio of 1:13). This is the largestever sum of mobilised co-finance in one GCF proposal, which helps to fosterthe transformation towards a low-carbon climate-resilient economy.Does this vast amount of co-finance make the project a role model for thefuture of the GCF? In order to better understand what co-financing levelsmight be adequate for the GCF, this GCF Monitor assesses the newly adopted(B.24) policy on co-financing and analyses the current co-financing levelsat the GCF project portfolio.",
keywords = "Green Climate Fund, climate finance, GCF",
author = "Christine Gruening and W.P. Pauw and Luis Zamarioli",
year = "2020",
month = jan,
language = "English",
series = "GCF Monitor",
publisher = "FS-UNEP Center",
number = "1",
type = "Other",
}