The Clean Technology Fund: Insights for Development and Climate Finance

This working paper is one in a series focused on key innovations and challenges of the Clean Technology Fund. It analyses the investment plans that the Fund has endorsed to date and makes the case for greater emphasis on institutional capacity and governance in program design. This paper highlights the need for major development banks to work more closely with government, civil society and the private sector to ensure that policy and regulatory frameworks are not only shaped and owned by local stakeholders but reflect local conditions and priorities.