International Climate Finance (ICF) is a core component of the United Kingdom’s contribution to developed countries’ shared goal of mobilising US$100 billion of public and private climate finance a year by 2020. Significant amounts of private investment will be key to achieving a sustainable, low-carbon climate-resilient (LCCR) transition where the private sector is driving a long-term solution to climate change. ICF therefore focusses its investments upon demonstration which will mobilise private finance, aiming to make catalytic investments that can be scaled up and replicated by private finance.
This evaluation sought to establish whether private investors are influenced by evidence from ICF-supported projects (i.e. by demonstration effects) into investing in LCCR projects, without or with less development finance, directly and/or through funds.