The event, which was organized by the Global Green Growth Institute (GGGI), discussed the need for a private sector structure under the Green Climate Fund (GCF), as well as the role of public funding and policies.
5 December 2012: On the sidelines to the Doha Climate Change Conference, the Global Green Growth Institute (GGGI) organized a side event titled “Green Growth and Climate Finance Mechanisms: Bottom-Up Solutions From Developing and Emerging Economies.” Participants discussed the role of the Green Climate Fund (GCF) and balancing its funding between public and private sources.
While some participants noted the importance of the GCF in supporting developing countries, others stressed the need for a clear role for the private sector under the GCF. Participants also discussed, inter alia: the need for developing countries to take action to address climate change; the importance of good-governance policies and guarantees of legal certainty; and fuel subsidies.
The event brought together representatives from: GGGI; the London School of Economics (LSE); the Funding Instrument Working Group, REDD+ Task Force, Indonesia; the World Bank; and policy makers from Cambodia and Germany. [IISD RS Coverage of the Side Event]