Blended finance is struggling to take off
Hopes that it will fill a trillion-dollar financing gap seem far-fetched
ANDREW JOHNSTONE runs a fund that goes “where people have not gone before”. Launched in 2015, Climate Investor One finances renewable-energy projects that the market deems too risky, such as wind farms in Vietnam and hydropower facilities in Uganda. It uses grants from development agencies to attract capital from pension funds. That allows it to raise more cash. For every $1 in grants, it has secured $12 from the private sector.
This article appeared in the Finance & economics section of the print edition under the headline “Seeking scale”
Finance & economics
August 15th 2020- A new study shows emerging economies are catching up
- As the lira slides, what will Turkey’s central bank do?
- Should personal financial data be sent to foreign tax authorities?
- In India, gold-based finance is booming
- Blended finance is struggling to take off
- Has the ECB found a way around the lower bound on interest rates?
From the August 15th 2020 edition
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