Investing in Clean Energy: How can developed countries best help developing countries finance climate-friendly energy investments?

Article

This Global Climate Network report encompasses findings from a two-stage study of climate change financing, focused on mitigation and specifically clean energy. Overall, the report points to the need for an investment partnership between the public and private sectors.

Stage one examines in detail the costs of installing clean energy capacity in four major developing countries, according to existing or anticipated government plans, and proposes a range of financial leveraging mechanisms to help ensure the required levels of investment are available.

Stage two includes findings from a series of national dialogues in GCN member countries with policymakers, affected firms, banks and finance professionals and other experts. Participants were asked for their views on real-world barriers to financing and to respond to the outcomes and proposals from stage one of the study.

An investment partnership between the public and private sectors would include three equally important key elements:

- Using developed country public funds strategically

- Ensuring stable long-term policy is in place in developing countries, and

- Addressing the incremental costs of clean energy technologies.

The report is released alongside a memorandum Leveraging Private Finance for Clean Energy: A Summary of Proposed Tools for Leveraging Private Sector Investment in Developing Countries by GCN and the Center for American Progress.

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