Achieving the goals of the Paris Agreement requires shifting finance toward activities that implement and enhance climate action. Developing countries may lack sufficient finance for these activities, creating a lack of resources that could prevent them from getting on low-carbon pathways. Mobilizing finance internally, and especially internationally, is crucial for developing country climate action.

WRI seeks to promote financing for developing country climate action by identifying key capacity bottlenecks at the national level and developing knowledge products, tools and coalitions designed to loosen those constraints. Country platforms have emerged as a promising way for governments to align public and private, national and international finance at scale behind country-led plans and policy reforms to deliver climate, nature and development goals. 

WRI convenes experts across sectors to support capital mobilization around these goals. Past work streams include activities to: 

  • Support developing country institutions, including finance and environment ministries
  • Access the multilateral climate funds
  • Ensure effective institutional coordination and decision-making
  • Match climate-compatible projects with finance flows

Photo Credit: Antonio Garcia/Unsplash.