The steadily increasing growth of renewable energy industries presents another challenge to a greener world: financing for institutional capacity. Outcomes from Paris COP21 included several donor pledges to support the Green Climate Fund (GCF), and multilateral development banks (MDBs) committed to significantly increasing their share of climate financing. Clean energy is dependent on more progressive policies in developing countries and for public-private to be made available for institutional projects. Investments in renewables have overtaken investments in fossil fuel; and renewable investment in developing countries have globally overtaken those in industrialized countries. The deep indebtedness of many developing countries limits their access to capital and so it is important for the private sector to be a stakeholder. Also, renewable energy projects do not benefit the underprivileged in most growing economies; it is important for governments to set parameters that benefit all. The Global Green Growth Institute (GGGI) will host a five-day seminar focused on finding innovative ways to mobilize finance for climate action, green growth, and benefit all by using green growth policies. The event will take place September 5-9 in the Republic of Korea.
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