Over half a century ago, Lao PDR began its journey to become a modern nation and committed itself to long-term development ambitions. It has delivered electricity, schools, roads, and has become an important energy exporter.
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A new World Bank report, “A Public-Private Partnership (PPP) Approach to Climate Finance” offers an approach to address key financing challenges to accelerate investments in low-emission projects.Green... Show More + investments are often risky, costly, and require more capital up-front. In many countries, they are also disadvantaged by subsidies for fossil fuels. Improvements have been made, but investments in clean technologies are still insufficient to curb the effects of climate change, making it necessary to re-think how to green the global energy mix.Building on earlier Green Infrastructure Finance studies – “Leading Initiatives and Research Report” and “Framework Report – the new report presents a practical approach that can be replicated in many countries.Key features of the PPP Approach to Climate FinancePrinciples of project finance and environmental economics can be combined to lay out a simple, solid rationale for public support of low-emission projects;Effective use of scarce public fund Show Less -