Beyond the Sum of its Parts : Combining Financial Instruments for Impact and Efficiency
The Global Environment Facility (GEF), carbon finance, and the Clean Technology Fund (CTF) constitute the bulk of dedicated funding for low-carbon development. To achieve the largest possible impact, practitioners must learn to combine these resour...
| Main Authors: | , , , , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2010/06/12471377/beyond-sum-parts-combining-financial-instruments-impact-efficiency http://hdl.handle.net/10986/18519 |
| Summary: | The Global Environment Facility (GEF),
carbon finance, and the Clean Technology Fund (CTF)
constitute the bulk of dedicated funding for low-carbon
development. To achieve the largest possible impact,
practitioners must learn to combine these resources in the
same project or program in order to both reduce transaction
costs and maximize synergies. This issues brief considers
six projects that are using resources from one or all of
these sources in combination with development finance to
advance low-carbon development. It lays out a conceptual
basis for how GEF, carbon finance, and CTF resources can be
fit together to make a wider range of mitigation projects
financially and economically attractive. |
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