Abstract
The aim of this article is to show in which way international financial institutions (IFIs) can contribute to climate protection projects. The principles of IFIs’ project cycles are explained in the context of the new blending tool. The cooperation with other donors stands in the centre of EU project funding and the notion of leveraging allows to quantify the cooperative effect among different donors. The bulk of this article describes the most relevant IFIs and national development banks with an international focus: Green Climate Fund (GCF), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), French Development Agency (AFD), German Development Bank (KfW), World Bank (WB), Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB). For all these IFIs, descriptions are provided and their main fields of actions identified. The procedure of application (the “project cycle”) is illustrated and an overview of their strategies is given. Thus, this article seeks to provide practical guidance on how to cooperate with IFIs and to direct funds into substantially valid and responsible climate projects.
Highlights
The aim of this article is to show in which way international financial institutions (IFIs) can contribute to climate protection projects
One of the strongest promoters for socio-economic evolution is climate change (CC), which already caused a number of positive effects on redirecting huge financial volumes towards sustainable projects
The Green Climate Fund (GCF) The institution of the “Green Climate Fund” 7 was established within the UNFCCC framework meant to assist developing countries for mitigating and adapting CC. It is located in the new Songdo district of Incheon in South Korea, and governed by a Board of 24 members while initially supported by a Secretariat
Summary
The aim of this article is to show in which way international financial institutions (IFIs) can contribute to climate protection projects. The bulk of this article describes the most relevant IFIs and national development banks with an international focus: Green Climate Fund (GCF), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), French Development Agency (AFD), German Development Bank (KfW), World Bank (WB), Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB). Introduction: setting the scene An evolutionary world view is valuable when following the ideas of both Teilhard de Chardin [1] and Vladimir Vernadsky [2] (compare [3]), by Western and Russian authors Within this concept, the notion of transition is a valuable tool to describe present-day structural changes [4,5,6,7,8,9,10,11,12,13]. The present article provides concrete information on how to tap this considerable financial potential
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