Event: Under the Paris agreement, countries committed to delivering certain mitigation and adaptation actions, however few developing countries set out detailed plans for financing these actions, with many highlighting that the shortfall between planned actions and public finance available (domestic and from international sources such as the GCF) would be provided by ‘the private sector’. Bridging this finance gap through private investment, though, is proving challenging for many countries as a result of capacity, regulatory information, and other barriers to investment. In order to overcome these barriers, a huge amount of analysis and capacity building work is required at a country level, supplemented by sharing of best practice across contexts.
Source: European Commission
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