Results-Based Climate Finance in Practice : Delivering Climate Finance for Low-Carbon Development
Results-based financing is a well-established financing modality in the health and education sectors but it is still in an early stage of deployment in the area of climate change. This report reviews 74 results-based climate financing (RBCF) progra...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/410371494873772578/Results-based-climate-finance-in-practice-delivering-climate-finance-for-low-carbon-development http://hdl.handle.net/10986/26644 |
| Summary: | Results-based financing is a
well-established financing modality in the health and
education sectors but it is still in an early stage of
deployment in the area of climate change. This report
reviews 74 results-based climate financing (RBCF) programs
implemented in developing countries with an objective to:
assess the characteristics and overall volume of funding
flowing through RBCF programs, describe the various
approaches to designing and implementing RBCF programs, and
compare practical experiences with applying RBCF with the
existing theory and literature. The report finds that RBCF
can: facilitate carbon pricing and market building, support
host countries' policy processes to achieve their NDCs,
and leverage private sector activity and financing. RBCF can
thus play a critical role in mobilizing the resources and
supporting the policies and actions needed to achieve the
objectives of the Paris Agreement. |
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