Recommendation 25

We recommend that the government develop a robust evidence base underpinning its donor to investor model in the delivery of ICF. This should assess: • how ODA and non-ODA instruments can be deployed in a co-ordinated and effective way to mobilise private finance for climate and nature outcomes. This should include an examination of the conditions and contexts in which private capital can deliver the greatest additionality and impact in line with country-specific needs and priorities, particularly the poorest and most climate-vulnerable; and 57 • whether the necessary systems, capabilities and market infrastructure are in place to support the transition to the investor model, particularly in the countries where ODA is being significantly scaled back. This should also include examining whether the model is well aligned with the government’s wider climate and development finance architecture. For example, newly established centrally managed structures, such as the FCDO’s Communities of Expertise, investment through development finance institutions, and efforts to mobilise private capital. (Conclusion, Paragraph 86)