Information for G03978
Private Sector Facility: A Review Note for the 9th Meeting of the Green Climate Fund
As part of its business model the Green Climate Fund (GCF) is planning to raise money from private sectors actors. The Private Sector Facility (PSF) is to address barriers to private sector investment in both adaptation and mitigation activities, so as to mobilise private capital and expertise at scale in accordance with national plans and priorities. This will include facilitating and enhancing the participation of national, regional and international private sector actors in developing countries. In particular, the PSF will look to involve local actors, including small and medium sized enterprises (SMEs), and local financial intermediaries. The Facility will also support activities to enable private sector involvement in Small Island Developing States (SIDS)
and least developed countries (LDCs).
IIED is examining the ideas, resources and power dynamics that shape how the Climate Investment Funds achieve development impacts. Together, these factors make up the political economy, and examining them will help governments and development organisations understand how the climate investment funds can best bring about the transformational change the funds aim for.
More at www.iied.org:
Understanding the political economy of the Climate Investment Funds