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What next for mobilising capital in service of a just transition in the Global South?

What next for mobilising capital in service of a just transition in the Global South?

Year Published

2024

Contributing Organizations

Green Finance Institute (GFI)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Just Transition
Topic 2
Transition Finance

Target Audience

All

Relevant Geography

Global
What next for mobilising capital in service of a just transition in the Global South?

Resource Description

This resource outlines how capital can be mobilized to support a just transition in the Global South, highlighting barriers and offering strategies for aligning finance with equitable climate and development outcomes.

Why This Matters

Achieving a just transition in the Global South requires not just more finance, but finance that supports inclusive, country-led development goals while attracting private capital at scale.

Key Insights

  • Only 16% of climate finance mobilized in 2021 was private; high capital costs and risk aversion deter investment in emerging markets
  • Calls for risk-sharing structures and blended finance to crowd in private capital and lower cost of financing
  • Stresses need for institutional reform and new entities to fill gaps between global capital supply and local project pipelines
  • Advocates for portfolio approaches that integrate non-commercial but socially critical projects, and embed just transition criteria across entire investment strategies

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