PDF The Role of National Development Banks

The Role of National Development Banks

in Catalyzing International Climate Finance

Diana Smallridge, Barbara Buchner, Chiara Trabacchi, Mar?a Netto, Jos? Juan Gomes Lorenzo, and Lucila Serra

March 2013 / Publication Code: IDB-MG-148

The Role of National Development Banks

in Catalyzing International Climate Finance

Authors: Diana Smallridge Barbara Buchner Chiara Trabacchi

Mar?a Netto Jos? Juan Gomes Lorenzo

Lucila Serra

Inter-American Development Bank

Cataloging-in-Publication data provided by the Inter-American Development Bank Felipe Herrera Library

The role of national development banks in catalyzing international climate finance / Diana Smallridge, Barbara Buchner, Chiara Trabacchi, Maria Netto, Jos? Juan Gomes Lorenzo, and Lucila Serra.

p. cm. Includes bibliographical references.

1. Development banks. 2. Climate change mitigation--Finance. 3. Investments. I. Smallridge, Diana. II. Buchner, Barbara. III. Trabacchi, Chiara. IV. Netto, Maria. V. Gomes Lorenzo, Jos? Juan. VI. Serra, Lucila. VII. Inter-American Development Bank. Institutions for Development Sector.

IDB-MG-148

Publication Code: IDB-MG-148 JEL Classifications: G20, G21 Keywords: National development banks, NDBs, Latin America and the Caribbean, Climate change, Investment financing, Climate Finance, Private finance

? Inter-American Development Bank, 2013. All rights reserved; may be freely reproduced for any non-commercial purpose. The unauthorized commercial use of Bank documents is prohibited and may be punishable under the Bank's policies and/or applicable laws.

Inter-American Development Bank 1300 New York Avenue, N.W. Washington, D.C. 20577

The opinions expressed in this publication are those of the authors and do not necessarily reflect the views of the InterAmerican Development Bank, its Board of Directors, or the countries they represent.

Contents

Acknowledgements................................................................................................... vii Acronyms.................................................................................................................. ix Executive Summary................................................................................................... xi 1. Introduction...................................................................................................... 1 2. The Current Landscape of Climate Finance.......................................................... 5

2.1. Key Issues in the Climate Finance Landscape................................................... 5 2.2. Sources, Channels, and Mechanisms of Climate Finance................................... 7 2.3. A Glimpse into the Future: The GCF................................................................. 10 2.4. Challenges in Climate Finance: A Mission for NDBs?......................................... 10 3. The Role of NDBs to Scale up Climate Finance..................................................... 13 3.1. Introduction................................................................................................... 13 3.2. The Conditions to Effectively Scale up Climate Finance..................................... 13 3.3. Unique Role of NDBs....................................................................................... 14 3.4. Types of NDB Financial Instruments to Promote Private

Finance and Scale up Investments.................................................................. 16 3.5. Roles and Instruments of NDBs to Promote the Effective

Scaling up of Climate Finance.......................................................................... 19 3.6. Overview of NDBs in the LAC Region............................................................... 20

iii

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