Twelve countries and the MENA Region have developed Investment Plans based on agreed investment criteria and operational guidelines. The pilot countries have made the approved Investment Plans an integral part of their national climate action strategies and development plans.
 

Among the lessons learned:  

• Effective implementation of an Investment Plan requires an enabling environment that is supportive, stable, and predictable. Appropriate regulatory frameworks and transparent procedures are essential. Financing alone is not sufficient to spark sweeping market transformations.

• Governments are most committed to Investment Plans that are aligned with related development priorities, such as energy security and mobility for the poor.

• To be successful, a program design must have the support of the private sector, government ministries, technical intermediaries, financial institutions, industries, consumers, civil society groups, and local communities.

• Barriers to achieving financial sustainability must be removed and the risks and associated costs shared equitably by governments and the private sector.

• Joint missions should include effective outreach to the private sector to craft new partnerships and build confidence in clean technologies.

• CTF’s subsidy design, including concessional loans that are priced below market rates and have longer maturity levels than commercial instruments, is an appropriate instrument to cover risks and costs associated with the introduction of clean technologies.