Strategic Use of Climate Finance to Maximize Climate Action : A Guiding Framework
Achieving the goals of the Paris Agreement requires countries to finance transformational changes with significant investments in both mitigation and resilience-building. International public climate finance with some degree of concessionality (id est, climate finance) makes it possible to provide g...
| Corporate Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
The World Bank,
2018
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| Series: | Other Environmental Study
World Bank e-Library |
| Subjects: |
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| 520 | 3 | |a Achieving the goals of the Paris Agreement requires countries to finance transformational changes with significant investments in both mitigation and resilience-building. International public climate finance with some degree of concessionality (id est, climate finance) makes it possible to provide grants or loans with reduced interest rates and/or longer grace or repayment periods. Given the scarcity of climate finance, this paper proposes a framework for determining the appropriate degree of concessionality for a program/project, and for prioritizing programs/projects for climate action. To maximize the impact of climate finance, the degree of concessionality allocated to a program/project should be equal to what is needed to overcome the identified barriers to implementation and make the program/project viable. In parallel, the framework prioritizes programs/projects that are ambitious and transformational. Ambitious projects contribute significantly to achieving the objectives of the Paris Agreement. A program/project is transformational if it meaningfully reduces barriers to implementation for future programs/projects that will decrease emissions or boost resilience. The paper illustrates how the three dimensions (id est, barriers to implementation, ambitious, and transformational) can be qualitatively assessed at four levels for a given mitigation or resilience-building program/project and recommends future work to operationalize the framework into decision-making processes | |
| 650 | 4 | |a Adaptation To Climate Change | |
| 650 | 4 | |a Carbon Finance | |
| 650 | 4 | |a Carbon Policy And Trading | |
| 650 | 4 | |a Climate Change And Environment | |
| 650 | 4 | |a Climate Change Mitigation And Green House Gases | |
| 650 | 4 | |a Climate Change | |
| 650 | 4 | |a Environment | |
| 650 | 4 | |a Environmental Economics And Policies | |
| 650 | 4 | |a Finance And Financial Sector Development | |
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