Coordinating global risk mitigation for exponential climate finance
The study provides an overview of gaps in international climate and clean energy finance and highlights the current status of financial initiatives in addressing the gaps. To ease the flow of capital, the study proposes a Global Clean Investment Risk Mitigation Mechanism (GCI-RMM), which works on the principle of risk pooling across projects and countries. The GCI-RMM would help to ease access to non-project risk management tools and reduce transaction costs, particularly in emerging markets. The study proposes coordination across four sets of actors to drive global multi-sectoral coordination, aggregate clean energy demand, provide financial de-risking services, and raise clarity and confidence of financiers and the private insurance industry.
