1、The Role of Development Finance Institutions in Accelerating the Mobilisation of Green Capital Climate Bonds Initiative 1Prepared by Climate Bonds InitiativeThe Role of Development Finance Institutions in Accelerating the Mobilisation of Green CapitalThe Role of Development Finance Institutions in A
2、ccelerating the Mobilisation of Green Capital Climate Bonds Initiative 2Executive summary Development finance institutions(DFIs)are well placed to invest in global climate and sustainability goals but their own-account financing is not enough to meet the climate investment gap.Climate action is deep
3、ly intertwined with DFI mandates and core business given they already provide over half of global public climate finance:EUR335bn per year in 202122.1 Private capital that would not have been mobilised without the activity of a DFI can multiply DFI efforts and help to meaningfully address the curren
4、t climate investment gap.2 This report explores the mobilisation efforts of 23 European DFIs,14 of which are members of the Association of European DFIs(EDFI).DFIs are publicly owned financial institutions supporting sustainable economic development in low-and middle-income countries as defined by t
5、he OECD Development Assistance Committee.3 This includes bilateral and multilateral institutions.4 Current mobilisation levels are low.However,if all European DFIs were to double the current best efforts on mobilisation,levels would increase to EUR740bn per year and would have a substantial impact o
6、n global climate finance levels which currently stand at just over EUR1tn/year.5 Mobilisation levels vary among the DFIs.Mobilisation levels by EBRD and the EIB were equivalent to only 20%and 15%of their respective balance sheet sizes in 2022 and EDFI members cumulative mobilisation levels reached o