Convergence has published the report: “State of Blended Finance 2022”.
This year’s edition of the State of Blended Finance will feature a thematic focus, for the first time, on blended finance for climate. This theme was chosen for a couple of reasons. Firstly, climate change is a central focus of the blended finance market and a major development issue: two-thirds of blended finance commitments over the past three years and 33% of Official Development Assistance (ODA) in 2020 targeted climate-related investments. Secondly, and closely linked, the topic of climate finance is a core priority for private investors, as purported by their ESG strategies and increasingly through commitments to achieving a Net Zero transition. Therefore, climate aligned Sustainable Development Goals (SDGs) will continue to be a focus of private investors compared to other SDGs.