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Designing climate change projects that attract climate finance

Source(s): Acclimatise
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By Will Bugler

What does it mean to be climate finance ready? This was the question that was at the centre of a 4-day learning event held in Lima Peru last month. The event, hosted by the Climate and Development Knowledge Network (CDKN), brought together participants from Bangladesh, Colombia, Ethiopia, Pakistan, Peru and Rwanda, to share their experience of developing climate change projects that could attract investment.

There is a considerable need to increase the amount of international climate finance being spent on climate change resilient development. Many developing countries have been working hard to improve their climate finance readiness by introducing national planning processes, developing tools for monitoring and evaluating impacts and testing schemes for distributing money efficiently. However, despite these efforts, one of the main breaks on climate finance delivery is a lack of project concepts that meet the requirements to be funded.

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