Report: Mobilising finance for climate action strategies informed by the International Climate Initiative’s Mobilising Private Investments Program

This paper addresses the strategies informed by the International Climate Initiative’s Mobilizing Private Investment Program. Strategies to mobilize and engage the private sector in the implementation of Nationally Determined Contributions (NDCs) under the Paris Agreement have taken center stage since 2016. This “Mobilizing Finance for Climate Action” report presents approaches for actionable NDC finance mobilization efforts. The strategies presented in this report will help development institutions, developing country governments and implementation partners identify and address key regulatory and policy barriers and capital market gaps that are impeding climate finance flows. This analysis draws from lessons learned and experiences across the International Climate Initiative Mobilizing Investment (IKI MI) program and work under the Low Emissions Development Strategies Global Partnership (LEDS GP) Finance Working Group over the past several years supporting developing country partner governments on NDC finance.

The paper concludes with the following recommendations for scaling investment into NDCs:

• Understanding the problem;
• Educate, engage, and learn from the private sector;
• Level the playing field;
• Engage government action;
• Provide proof points;
• Reduce taxes and tariffs;
• Support access to low-cost debt;
• Educate and engage consumers and communities.