State of Blended Finance 2024: Climate Edition

The State of Blended Finance 2024 climate edition arrives amid heightened urgency to tackle climate change and achieve the SDGs. The report underscores the importance of blended finance in mobilizing private capital for climate initiatives in EMDEs.

Part 1 reviews market trends, noting a rebound in climate blended finance, with six deals exceeding $1 billion, despite global macroeconomic pressures.

Parts 2 and 3 analyze climate finance by vehicle, region, income level, recipient type, SDG alignment, and investor activity, offering multi-dimensional views of deal and stakeholder trends.

Part 4 reveals continued emphasis on mitigation, while adaptation finance remains underfunded. Nature-based solutions and gender-responsive finance are gaining attention for their dual environmental and social impact.

Part 5 highlights how updated Nationally Determined Contributions (NDCs) in countries like Rwanda, Belize, and Indonesia increasingly integrate blended finance to implement ambitious climate plans.

Part 6 concludes with a call to scale blended finance for adaptation and resilience, recommending targeted solutions to close financing gaps in developing regions.