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World Bank Identifies Ways to Enhance Transformative Impact of Climate Finance

June 25, 2020 / GABRIEL GORDON-HARPER
SHARESHARESHARE

The World Bank has published a report analyzing options to enhance the transformative and catalytic impact of public climate finance by addressing systemic barriers to low-carbon and climate-resilient investments.
Titled, ‘Transformative Climate Finance: A New Approach for Climate Finance to Achieve Low-carbon Resilient Development in Developing Countries,’ the report identifies eight sets of climate levers to drive climate action: project-based investments; financial sector reform; fiscal policy; sector policies; trade policy; innovation; carbon markets; and climate intelligence. The publication recommends best practices to maximize the transformative impact of climate finance on developing countries seeking to achieve clean development targets.