Financing climate change investments in the developing world

Much debate in the developed world, particularly in Europe, and most recently in Australia, has focused on the need for stable policy and well-structured mechanisms to stimulate private investment into lowcarbon and renewable technologies. There has been less focus on the conditions necessary to enable the private sector to line up behind funding such investments in the developing world. This, of course, is crucial for the Commonwealth, whose members include many developing market economies, some in places where the impacts of climate change will be felt more strongly than in many developed countries.