Centre will find new ways to spur climate finance participation, especially from private sector
The UK, along with the US and German, announced a new international climate finance 'lab' designed to spur private sector investment in low-carbon, climate-resilient infrastructure in developing countries.
Unveiled by Energy and Climate Change Minister Greg Barker this week in New York, will be a partnership with a number of other climate finance donor countries, including Denmark, France, Japan, the Netherlands, and Norway. Private sector actors, such as Merrill Lynch and Bank of America, are also anticipated to join the effort, as well as multilateral development banks like the World Bank and the Inter-American Development Bank.
For more information, please see the RTCC article here.