The need to scale-up financing to mitigate climate change and the associated challenges and barriers are well documented, yet there has been little discussion of the role that Public Development Banks (PDBs) can play. These institutions have a privileged position in their local markets, strong knowledge of their countries’ development needs, and opportunities and vast experience in long-term investment financing. As a result, they are uniquely positioned to catalyze the supply of financing for and stimulate the demand for investment projects to mitigate climate change within their respective countries.
The Inter-American Development Bank (IDB) commissioned Momentus (formerly IFCL) to produce this technical note with the objective being to spur further action to catalyze demand and supply sides of climate change mitigation investment projects.
We researched and targeted PDBs in the Latin American and Caribbean (LAC) region with an interest in learning about what more could be done in support of climate change mitigation. The note includes examples of best practices, processes, and products in support of climate change mitigation from PDBs around the world.
