Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Climate and Development Knowledge Network (CDKN), Overseas Development Institute (ODI)
Costa Rica is regarded by many as an economic and environmental success story, with an admirable record of ‘green growth’—economic growth that minimizes pollution and uses and manages resources efficiently.
There is an increasing focus on the role that public and private resources can play in supporting activities that reduce forest loss as part of wider efforts to address climate change, and ensure sustainable development.
Current models examining the possible implications which changes towards a low-carbon economy may reflect for low-income countries include a look at best practices from countries such as Kenya, Cambodia and Nepal, some of which may also prove relevant for the Caribbean context.
This paper highlights the implications of the current separation of the discourses on private climate finance (PCF) and on subsidies, and the opportunities that exist to unlock climate-compatible investment by linking these fields.
The paper presents a review of low carbon growth policies in two high-income (UK and Germany), five middle-income (China, India, Mexico, Guyana and Nigeria) and two low-income countries (Bangladesh and Ethiopia).