'Blended' finance is key to achieving global sustainability goals, says report

Public and private sector funds must increasingly pool resources to finance larger global sustainability and climate change projects, a new study shows

Tackling climate change and achieving the world’s sustainable development goals will require publicly funded and private sector banks and institutions to be far more willing to join forces to provide “blended” finance to projects, according to a new study.

Blended finance is the term given to the use of public or philanthropic capital to spur private sector investment in projects aimed at achieving the sustainable development goals. Already, this market is worth about $50bn globally, but experts said on Tuesday this sum could double within the next three to four years.