How can public funds promote innovation?

Finance

Developed nations can use their climate finance commitments to help emerging nations develop vibrant and innovative approaches to address climate challenges. In this podcast, Robyn McGuckin Director of Partnerships at P4G makes the following points:

1. Public funds should support partnerships that bring innovative approaches to pressing problems.
2. Grant support to projects should be accompanied by capacity building to attract private capital.
3. There cannot be just one fixed approach. To support innovation, funders need to be agile, ready to adapt and be willing to fail.

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