The report, which is the product of qualitative research carried out in eight countries, assesses the extent of the finance gap for clean energy in developing countries and the barriers to scaling up private sector investment in low-carbon energy solutions. The study finds that:

  • A doubling of 2009 investment levels is needed each year on average between now and 2020 just to achieve existing ambitions for selected clean energy sectors in China, India, South Africa and Nigeria.
  • A critical role of developed countries is providing the up-front finance and guarantees so that private investors feel it is safe and profitable to invest.
  • A number of debt- and equity-based financial leveraging mechanisms could be supported by developed country funds and mobilised, potentially under the auspices of an international climate fund, as a means to leverage in significant amounts of private capital for clean energy.
  • Using the mechanisms recommended in this report, every $1 of public finance could leverage up to $10 from the private sector to support clean energy deployment in developing countries.

The report is available to download here and an accompanying press release is available here.

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