Blended finance, the use of concessional finance as a catalyst for crowding-in private sector capital, offers significant potential for tapping further capital to deliver the low-carbon transition because it can address risk factors that sometimes deter investment in these activities. Acknowledging the need to increase the level of funds from billions to trillions a year to achieve the Paris Agreement goals, this report examines the current landscape for blended finance and discusses how to unlock the potential.

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