Catalysing Capital for the Transition Toward Decarbonization: Blended Finance and Its Way Forward

This paper explores the role of blended finance in catalysing capital for decarbonization, particularly in developing countries. It reviews literature and case studies, organizing findings around themes like the evolving features of climate finance. The study examines three specific cases: GEEREF, CP3, and CI1, drawing insights from their application. It concludes by proposing a research agenda to enhance the potential of blended finance for achieving transformative impact in climate action.