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Report

Securing climate finance through national development banks

In this report, the Overseas Development Institute highlights that:

  • National development banks (NDBs) and their governments are well placed to support transformational change and the realignment of financial flows to ensure that they support the Paris goals, and
  • It is very much in the interest of NDBs to understand and manage the financial risks to their investment portfolios from the transitional and physical risks of climate change.
Key points

This study focuses on just one aspect of the transition: the need to invest in LCCR infrastructure to lock in low-carbon climate resilient growth trajectories and how NDBs can support this, through both direct financing and the mobilisation of private finance to fund the huge investment required.

This report considers:

  • the unique role that NDBs can play in supporting the transition to an LCCR economy and the tools and approaches they can use to this end
  • the prerequisites to NDBs assuming this role and realising their potential
  • and how NDBs can act as agents to access international climate finance.