The Green Climate Fund and the International Development Finance Club: A strategic alliance to realize the full potential of public development banks in financing the green and climate-resilient transition
In the current pandemic we are facing, Public Development Banks are repositioning their role in driving climate ambition and building momentum in the lead up to COP 26. The IDFC, a group of 26 national and regional PDBs worldwide committed to aligning their activities with the Paris agreement, and GCF, set up by the UN to help developing countries combat climate change, have formed a strategic alliance to help PDBs finance a green and climate resilient transition.
This joint working paper highlights the synergies created by this partnership for sound climate finance, successful projects and examples of capacity development mechanisms.
You can find out more about GCF’s work with Public Development Banks here.