Mobilising public and private co-finance

Christine Gruening, W.P. Pauw, Luis Zamarioli

Research output: Other contributionProfessional

Abstract

After a historic first-ever vote at the GCF Board meeting, the board adopted
a funding proposal by the Asian Development Bank (ADB) at the last Board
Meeting (B.24). The project aims to leverage up-front private, institutional
and commercial finance for climate resilient subprojects. Using US$ 100 million
of 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 largest
ever sum of mobilised co-finance in one GCF proposal, which helps to foster
the transformation towards a low-carbon climate-resilient economy.

Does this vast amount of co-finance make the project a role model for the
future of the GCF? In order to better understand what co-financing levels
might be adequate for the GCF, this GCF Monitor assesses the newly adopted
(B.24) policy on co-financing and analyses the current co-financing levels
at the GCF project portfolio.
Original languageEnglish
TypePolicy brief
Media of outputGCF Monitor
Number of pages4
Publication statusPublished - Jan 2020

Publication series

NameGCF Monitor
PublisherFS-UNEP Center
No.1

Keywords

  • Green Climate Fund
  • climate finance
  • GCF

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