Climate finance for developing countries needs to be readdressed, says report

A study by European investor Climate Change Capital, Signal failure? Real economy signals for developing country climate finance and the future of the Green Climate Fund, said developing country finance has become too focused on the risk reduction mechanisms as the way to secure the investment needed.

...Ben Caldecott, head of European policy at Climate Change Capital, said the presence of suitable domestic policies and international incentives was at the heart of successfully creating climate change projects.

'Without these 'real economy' signals it will not be possible to deliver developing country investment at the scale and pace necessary to help tackle climate change,' he said.

Click here to read the full article.

Climate Change Capital Ltd: Registered in England Number 5191608 Registered Office: 3 More London Riverside, London, SE1 2AQ
Climate Change Capital Ltd is authorised and regulated by the Financial Services Authority
VAT Registration Number: 839 5770 78

Tags

Climate finance for developing countries needs to be readdressed, says report