IIED's policy brief on How Climate Finance Can Help Repurpose Hydropower explores avenues for enabling the transformation to climate-resilient and low-emission futures. Climate finance seeks to enable new energy pathways through supporting innovation in technologies and markets.
The policy brief highlights how climate finance can justifiably support transition hydropower and should therefore be mandated to support the development of hydropower projects with these transition characteristics. It also mentions how climate finance should:
- Support basin assessments for strategic hydropower development
- Increase performance of existing hydropower for climate objectives
- Restructure markets to reward transition services
- Reduce the cost of capital for transition hydropower
- Set clear criteria for the hydropower projects that climate finance will support.