The global climate finance agenda in its current form is insufficient for tackling climate change and fostering a green transition across the globe.
Calls to close the massive climate finance gap that prevents developing countries from accessing much-needed funds often rely on the expectation that domestic resource mobilization and blended finance can help close the gap.
In this post on ISS blog, BlISS, Sara Murawski, Rens van Tilburg and Anna Ghilardi, all members of the Sustainable Finance Lab, demonstrate why this expectation seems wildly optimistic and argue that instead of relying on insecure trends, global policy makers should take action by developing policies that grant a bigger role for public money and innovative monetary solutions.
Read the full post on ISS blog, BlISS - 'The dangerously optimistic global climate finance agenda: why blended financing and domestic resource mobilization won’t help close the climate finance gap', 11 May 2023
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Bliss is the blog of the International Institute of Social Studies on global development and social justice. It aims to provide a space where research ideas and findings are brought to the development community in a timely way. With the blog, ISS will address different audiences in policy, practice and the public at large.
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