Mobilizing private finance: unlocking the potential of Rwanda’s businesses to drive climate change adaptation
This policy brief examines the prospects for mobilizing private climate finance in Rwanda, focusing mainly on adaptation, and highlights measures that could stimulate investment. There is a strong expectation that the private sector will provide a large share of the 100 billion USD per year in climate finance that world leaders have pledged to mobilize by 2020 under the UN Framework Convention on Climate Change (UNFCCC). Globally in 2014, two-thirds of the 361 billion USD in financial flows relevant for mitigation in 2014 came from the private sector. Yet as little as 8% of that was invested outside the country where the finance originated – and only a small fraction reached the Least Developed Countries (LDCs).