Exploring Climate Blended Finance for Climate Mitigation Projects: A World View Versus National Perspective

Climate blended finance is a subtheme of blended finance aims to mitigate or adapt to the impacts of climate change. This book chapter aims to explore climate blended finance from a number of different perspectives. These are its definition, significance, its role in targeting climate outcomes, different archetypes, its geographical spread, the role of climate blended finance in creating renewable energy assets, and some salient recommendations for sustainable private sector-led blended finance for climate mitigation projects including renewable energy development. Additionally, it has explored climate blended finance using Bangladesh as a unit of analysis by conducting interviews with experts to compare and contrast with the known facts to seek new information from emerging markets in respect to the opportunities, challenges, and potential caveats for drawing additional blended finance into the country's climate mitigation projects (i.e., renewable energy). It is suggested that the ensuing recommendations from the global perspective would help the Bangladeshi government to pick up the right signals to formulate effective policies and create the enabling conditions for the sustainable flow of climate blended finance into its renewable energy sector, primarily constituting wind and solar energy projects.