Public funds used for climate financing
This is a Canada news story, published by CityNews, that relates primarily to FinDev Canada news.
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•How public funds are being used in the race for climate financing
77% Informative
Blended finance uses scarce public dollars to sweeten the financials of a project enough that it makes sense for the private sector to invest in.
FinDev Canada announced a blended finance platform just as COP29 got underway.
Blended financing is especially needed in developing countries, where the risks are higher and so the business case is harder to make.
Canada makes better use of publicly funded lenders like the Canada Infrastructure Bank .
Others are pushing for much greater direct lending to public projects from public banks.
Some are concerned blended finance isn’t suited to the task, but others say it’s important to figure out how to make these deals work.
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