Financing inclusive low-carbon climate resilient development: Cross-Country Dialogue
From 30 March to 31 March, 2015 participants from Nepal, Bangladesh, Rwanda and the United Kingdom gathered in Kathmandu, Nepal to take part in a cross-country dialogue on ‘financing inclusive low-carbon climate resilient development (LCRD)’.
The cross-country dialogue was jointly hosted by Clean Energy Nepal (CEN) and the International Institute for Environment and Development (IIED). It builds on two years of research on the political economy of climate change planning conducted by the IIED and research institutions in Bangladesh, Ethiopia, Nepal and Rwanda. In its second year, this project focused on how to finance a transition to a low-carbon, climate resilient pathway, bringing together research partners, bilateral and multilateral partners, financial actors and local beneficiaries.
Low carbon climate resilient development is seen by many countries as a pathway to sustainable poverty reduction and economic development. Inclusive investment in LCRD, particularly by individual households, cooperatives and small and medium enterprises, can be enhanced by access to sustainable, scalable and flexible climate finance. Whilst, flows in climate finance have increased, they are not always tailored to financing ‘inclusive’ investment in LCRD.
This cross-country dialogue brought together country cases that focus specifically on the role of financial intermediaries in enhancing the flow of climate finance for inclusive investment in LCRD. The dialogue provided a platform for participants to develop a shared understanding of the incentive and resources structures that enable financial intermediaries to mobilise and channel climate finance for inclusive investment in LCRD.