Finance

The challenge Developing countries face unique challenges in attracting private sector investment into the sectors necessary to accelerate the transition to a low carbon economy, such as energy and infrastructure. However with sufficient financial support, they also have a unique opportunity to become high economic growth, low carbon economies. How we meet the challenge The Finance Working Group supports the acceleration of investment into developing countries’ low emission development strategies by focusing on three core pillars:

• Finance mobilization technical support and communities of practice
• Finance mobilization public-private dialogue, partnership and peer learning
• Finance mobilization knowledge tools and products.

Watch the introductory video to the Finance Working Group Read the Finance Working Group factsheet Join LEDS GP and contact us

Communities of practice The Communities of Practice aim to work together on real-time policy, technical, and market solutions related to low emission development. In the longer term, the participants in the Finance Working Group's Communities of Practice will benefit from better access to and longer term engagement with sources of technical support (which is free for them at the point of access). Find out more about our Communities of Practice in the next tab, 'Signature projects'. Resource Guide for NDC Finance The Finance Working Group’s Resource Guide on NDC finance helps members find relevant resources for specific LEDS finance topics. Access the guide here. Webinars

• From climate talks to climate action: Financing NDCs

African Mini-Grids Community of Practice (AMG-CoP) The AMG-CoP engages over 10 countries in Africa on mini-grids, looking at technical, regulatory and financial barriers and solutions. In 2017, discussions and training focused on quality assurance frameworks and tariff setting. In 2018, the AMG-CoP will focus on facilitating peer learning and providing technical assistance on financing and policies for mini-grid systems. Find out more. Asia NDC Finance Community of Practice The goal of the Asia NDC Finance CoP is to address real-time finance, policy and technical challenges to rapidly accelerate investment flows into clean energy implementation efforts across the Asia region. Find out more. Early mover support to progress LEDS and NDC financing Plans are advanced to support seven countries (Bangladesh, Dominican Republic, Ethiopia, Kenya, Peru, the Philippines and Vietnam) in identifying the private investment opportunities in priority NDC areas and engaging the private sector. Accelerate finance for LEDS in Asia and Latin America through the Clean Energy Investment Accelerator The Finance Working Group is supporting the finance components of the Clean Energy Investment Accelerator. In Vietnam, the effort will center around analyzing opportunities for blended capital funds to provide investment in energy efficiency and renewable energy projects while also seeking private sector commitments to invest in clean energy. In addition, technical assistance will be provided on measures to enable corporate power purchase commitments, such as wheeling and banking provisions. In Mexico, the work will focus on assessing opportunities for a revolving fund or insurance product to support clean energy investments by small and medium enterprises and municipalities. Green Bonds to Accelerate Climate Finance for NDC and LEDS  The LEDS GP Finance Working Group currently hosts the secretariat for the Global Green Bond Partnership (GGBP) which brings together pioneering organizations and institutions working on green bonds to collaborate on efforts that will enable and scale green bond issuance by public and private partners in both developed and emerging markets worldwide.

Though the LEDS GP’s Remote Expert Assistance on LEDS (REAL) service, the Finance Working Group supports requests from developing country LEDS teams, including government agencies and consultants, technical institutions, and NGOs that are working directly with country governments to plan and implement their LEDS. The Finance Working Group can provide targeted support on finance issues to governments upon request, for up to 40 hours of an expert’s time. In particular the Finance Working Group can offer support on: developing LEDS finance plans; identifying and developing ‘bankable’ projects such as nationally appropriate mitigation actions (NAMAs); and understanding and accessing international climate finance including the Green Climate Fund.