Implementing Intended Nationally Determined Contributions (INDCs) and Low Emission Development Strategies (LEDS) through Mobilising Private Investments
As of: June 2018
Objective and activities
The project aims to mobilise private investment for the implementation of Nationally Determined Contributions (NDCs) in its partner countries. It supports public and private actors in the mobilisation of investments from the private sector: in a first step, the sectors will be identified that show the highest potential for private sector mobilisation. In these sectors, climate-friendly investment plans are developed and improved. At the same time,it addresses investment barriers by supporting partner countries in the preparation of favourable political and regulatory frameworks and financial instruments. By decreasing investment risk and improving incentives, the project creates the necessary preconditions needed to foster private investments into NDC implementation. Through the LEDS Global Partnership the project moreover provides a platform for the relevant actors to exchange know-how and best practices.
State of implementation/results
- Initial scoping in Kenya and Bangladesh have identified useful opportunities for private sector mobilisation, e.g. low carbon fuel replacement for charcoal as cooking-fuel in urban areas of Kenya; and energy efficiency interventions in textile and cement industries in Bangladesh – amongst others. The sub-sector choice, for development of specific investment levers, will now be prioritised in consultation with the country governments and private sector actors.
- Project ready to complete scoping studies in Peru and Ethiopia pending coordination with local governments.
- In Vietnam, strong Government endorsement has been obtained for policy development that will enable direct corporate agreements with renewable power producers as a way to unlock finance for large-scale renewables. This policy shift has also received the active endorsement from large global corporates.
- The NDC Support Cluster Finance Working Group will be meeting in Cape Town in December 2017.