Recommendation 23

The private sector can offer innovation, expertise and flow of capital at scale for climate and nature outcomes. It is also evident that, while the two are not interchangeable, public UK ICF and private finance must play complementary roles for the collective advancement of the Paris Agreement goals. We therefore welcome the government’s willingness to explore additional sources of climate finance from public and private sources. We especially note the critical role the UK can play in creating the enabling environment required to encourage the flow of existing and mobilised private capital, and into areas and markets where it is needed but would not ordinarily go. (Conclusion, Paragraph 84)