This report is prepared in response to a request by the participants of the Carbon Initiative for Development (Ci-Dev) for a desktop study describing donor activities in Low Income Countries (LICs) in Africa and Asia that have elements in common with the Ci-Dev Methodology Work Program (MWP). The scope of the research was broadened during implementation to allow for a review of initiatives that had similarities related to the entire Ci-Dev work program including business models. The intent of broadening the scope was to enhance the value of the report in assisting the CiDev work plan implementation by identifying opportunities to utilize potential synergies and avoid duplication with existing donor activities.
The objective of this note is to identify/assess the barriers preventing local financial institutions from utilising carbon finance to support their financing activities, and to summarise existing attempts in using carbon revenues to enhance the bankability of these projects by reducing risks.
This report reviews 74 results-based climate financing (RBCF) programs implemented in developing countries with an objective to assess the characteristics and overall volume of funding flowing through RBCF programs, describe the various approaches to designing and implementing RBCF programs, and