Climate Finance Readiness: Lessons Learned in Developing Countries

This assessment uses comparative analyses of the “readiness” for climate finance of certain institutions in Peru, Brazil, Mexico, Costa Rica, and Indonesia. The authors define climate finance readiness as the processes by which countries prepare their markets and institutions for the access, distribution, use, and monitoring of financial resources directed to climate change action. These processes include capacity building and piloting activities. The authors hope to ultimately uncover the path by which developing countries can build their internal financial architectures to support climate finance, rather than simply relying on external sources such as multilateral organizations and the international community.