Recognizing the importance of private sector engagement in the climate fight, governments worldwide have begun implementing policies and incentives to catalyze private climate finance. These measures aim to create an enabling environment that fosters investment in clean energy, sustainable transport, green infrastructure, climate-resilient agriculture and more. However, stimulating private climate finance entails more than just standard courses of action. It requires innovative levers and mechanisms tailored to incentivize investment, combat reticence, promote accountability and mitigate risks. The climate crisis is too big, too serious and too urgent to rely on the resources of public institutions alone. Developing countries need $2'4 trillion annually to avert catastrophic climate change. Mobilizing private capital at scale is critical to meeting this financing need. Over the last few years, the centrality of climate finance and the private sector to achieving net zero is evident....
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