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This paper considers what 'counts' as climate change mitigation finance, with reference to the concept of additionality, by reviewing a range of activities that can reduce greenhouse gas (GHG) emissions in the five sectors that account for the largest share of global GHG accumulation: energy, transport, industry, agriculture and water. It considers the underlying policy and regulatory complexities that will affect investment in such options. It identifies a range of interventions that might support mitigation and approaches to public support of such interventions. It emphasises the importance of support for innovation, reforming subsidies for GHG-intensive approaches, and support to strengthen institutional capacity to manage low carbon development, recognising the political economy of mitigation.
Overseas Development Institute (ODI)
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