Demystifying private climate finance
The UN Environment Programme's (UNEP) Finance Initiative has published a report, titled ‘Demystifying Private Climate Finance,' which discusses the concept of private finance, how it links with climate change mitigation and adaptation, and how public actors can mobilize it. The report aims to increase policymakers' understanding of private finance and introduce an approach that climate policy makers can follow when designing public interventions for unlocking private climate finance. The report examines how scarce public financial resources can best be used to unlock mitigation and adaptation investment, as it is increasingly being recognized that addressing climate change will not be possible without mobilizing or ‘re-channeling' private finance.