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- W1873577782 abstract "This study covers the experience of six major multilateral development banks (MDBs) with concessional climate finance and is an input to the design of the Green Fund. Specifically, it provides an overview of the climate finance challenge and the background of this study, reviews the conventional and innovative instruments used by the MDBs to deliver concessional climate finance, assesses the potential for these instruments to help close the financing gap, and identifies issues and options for moving forward. Stabilizing greenhouse gas (GHG) concentrations below levels considered dangerous will require low-carbon investment in developing countries of some $139-175 billion per annum by 2030. In addition, between $70-100 billion could be needed annually over the next 40 years to finance adaptation to the inevitable impacts of climate change in developing countries. The need is urgent and the cost of adaptation to climate change, including disaster response, will increase the longer investment in mitigation is postponed." @default.
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- W1873577782 date "2011-05-31" @default.
- W1873577782 modified "2023-09-24" @default.
- W1873577782 title "Concessional climate finance : MDB experience and opportunities" @default.
- W1873577782 hasPublicationYear "2011" @default.
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