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Green Investment Banks

Scaling up Private Investment in Low-carbon, Climate-resilient Infrastructure

image of Green Investment Banks

This report provides the first comprehensive study of publicly capitalised green investment banks (GIBs), analysing the rationales, mandates and financing activities of this relatively new category of public financial institution. Based on the experience of over a dozen GIBs and GIB-like entities, the report provides a non-prescriptive stock-taking of the diverse ways in which these public institutions are catalysing private investment in low-carbon, climate-resilient infrastructure and other green sectors, with a spotlight on energy efficiency projects. The report also provides practical information to policy makers on how green investment banks are being set up, capitalised and staffed.

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Preface

Following the successful climate change agreement reached in Paris at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21), attention needs to shift quickly to how countries will achieve their Nationally Determined Contributions. Governments will need to take actions that will help accelerate a shift away from investments in carbon-intensive infrastructure and toward low-carbon, climate-resilient (LCR) infrastructure. Investment is growing in renewable energy and energy efficiency, but not quickly enough to get the world on track to achieve zero net greenhouse gas emissions globally by the end of this century. This “decarbonisation” of the global economy will be necessary if we are to hold the increase in the global average temperature to well below 2°C above preindustrial levels, as 195 countries agreed in Paris. To achieve these very ambitious goals, governments need to make full use of their capacity to leverage and unlock much larger flows of private investment in low-carbon infrastructure.

English

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