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

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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