Limiting global temperature rise to 2°C above pre-industrial
levels will require billions of dollars in investments each year
to mitigate greenhouse gas emissions and shift to low-emissions
development pathways. This report draws on the experiences of
six developing countries to examine how public climate finance
can help meet the significant investment needs of developing
countries by creating attractive conditions for scaled-up
investment in low-carbon energy. Building on lessons from the
case studies, it provides a number of recommendations for
international climate funds and institutions, in particular for
the new Green Climate Fund. Between now and 2050, developing
countries need an estimated $531 billion per year of additional
investment in energy supply and demand technologies in order to
limit global temperature rise to 2° C above pre-industrial
levels. To achieve this scale of investment, developing country
governments and custodians of international public finance will
need to deploy limited public