CEBC-UNDP White Paper: Accelerating Private Finance for the Arab Renewable Energy Transition

This white paper was prepared jointly by CEBC and the ‘SDG Climate Facility Project: Climate Action for Human Security’, with Karen R. Ziegler , Dustin S. Schinn and Ahmed S. Elbermbali as lead authors under the guidance of Nasser Saidi , Sujala Pant and Kishan Khoday.

According to the United Nations Framework Convention on Climate Change (UNFCCC), climate finance refers to local, national or transnational financing-drawn from public, private and alternative sources of financing-that seek to support mitigation and adaptation actions that will address climate change.

To support developing countries’ efforts towards effective climate action, it is important for relevant stakeholders to recognize their financial needs as well as to understand how available financial instruments can be mobilized and used towards their climate ambition.