The G20 Development Working Group (DWG) has tasked an informal group of co-facilitators with developing a Dialogue Platform on Inclusive Green Investment (G20 DPGI) to promote the increase of private investment related to green growth and climate-related activities in developing countries, with a specific focus on lower middle income countries. The G20 DPGI will hone in on stocktaking and lessons learned from existing initiatives, as well as an extensive literature review, with the aim to better identify the barriers to private investment and the mechanisms that have been successfully used to overcome these. Drawing on these ideas, the G20 DPGI may also wish to explore new initiatives to attract world-scale institutional funds that could finance large investments. To be successful the dialogue platform should advance mutual understanding between publicly funded, donor programs and the diverse range of potential private investors, in order to better design financing instruments that efficiently use public funds to best mobilize and leverage private funds.
This review highlights that there is broad consensus on the challenges and potential solutions in many cases, albeit with differing terminology in use. However, knowledge gaps persist, as identified in this note. A bibliography, annotated to describe key messages and salient points that could be of interest to the G20 DPGI, is attached. This bibliography does not claim to be exhaustive, and should be seen as an adaptive document into which additional materials can be incorporated as they are identified in the course of operationalizing the DPGI platform.