Growth through transformation: An investment vision guide for climate and development

Organisation :
Climate Works Australia

As countries recover from the COVID-19 pandemic, the need to unlock investment is even more acute. For developing countries, enhancing attractiveness for international and private finance will be critical to their economic recovery. Ensuring this investment is aligned to climate and development goals can fast track the transition towards green growth.

The guide presents a theoretical framework to complement efforts by countries to implement the long-term strategies developed under the Paris Agreement, encouraging governments to think about investment in the context of the structural and social adjustments necessitated by decarbonization, assisting them to minimize the inevitable risks and capitalize on the emerging opportunities. It is particularly suited for central ministries with investment and budgeting responsibilities, such as ministries of finance, economic affairs and planning.

  • Part One focuses on understanding and strengthening the foundations for success – the political and public conditions on which to build the enabling environment for transformational investment.
  • Part Two helps governments develop granular perspectives on the transition, generating data on risks and opportunities at a sectoral level so as to facilitate high-quality policy and investment decision-making.
  • Part Three evaluates the barriers preventing governments and the private sector from deploying low carbon technologies and finance at scale and suggests how these can be overcome.
  • Part Four details a process for formulating policies to mobilize technologies and markets for the transition ahead and to facilitate the readiness of the financial sector for foreign and domestic investment.
  • Part Five draws on the analysis undertaken in the previous parts to map out where and how to most effectively deploy public, development and private finance over the coming decade. 

Combined, the five parts outline a process for aligning decision-making, policy and public and private investment towards the achievement of the Paris Agreement and the Sustainable Development Goals. 

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