KIEP Opinions
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KIEP Opinions
Mobilizing Resources for a Climate-Resilient Future
- Author Jione Jung
- Date2014-12-26
In order to achieve the long-term goal of mobilizing climate finance of over 100 billion dollars a year, mobilizing financial resources from private sector is essential and public sectors can play a key role in leveraging those private resources. Policy makers at home and abroad should provide a clear and predictable direction for potential private investors. In addition, a variety of financial instruments needs to be utilized, including non-grant and non-concessional funding. To promote the paradigm shift towards low-emission and climate resilient development pathways, non-concessional funding may be a better way to finance longer-term climate change projects requiring high up-front investments. The international community should wait and see how such unconventional financing performs.
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