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.
Yet blended finance has struggled to grow. Since 2014 the flow of public and private capital into blended projects and funds has stayed flat at about $20bn a year, according to data from Convergence, a non-profit organisation. That is far off the goal of $100bn set by thein 2015, which targeted climate-change spending and was meant to be met this year. Even some advocates admit that the approach is stalling.
Another stumbling block lies with the public institutions. On average multilateral development banks mobilise less than $1 of private capital for every public dollar, says Katherine Stodulka, of the Blended Finance Taskforce, a global body. That is partly because their internal workings incentivise grant-making above blending.
To help blended finance bloom, some development banks are working with poor governments to show that projects are viable. That costs 2-5% of the project spending , but reassures investors. Mr Kuhn advises using blending techniques that are familiar to investors. Theis focusing on layering equity, where the public tranche takes the first loss if a project goes wrong, and guarantees against losses for banks.
Why so little coverage of Bitcoin and Ethereum as they go up 20 and 130% respectively in a year?!
This is the heart of succesful (capitalist)society. National funding of unloved projects and science etc.Marxists will wail about the evil of profits but innovation inventiveness and failure are much better played out in a free market economy allowing some to win and some to lose
Also known as privatise the profits and socialize the losses...
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