Risk to Reward 2025

These diverse perspectives inform recommendations grounded in real-world challenges and opportunities. The following sections identify key structural barriers limiting private investment in EMDEs and propose practical strategies to unlock climate finance at scale.Breakdown of survey respondents, by investor type FIGURE 9 19%33% 16%Asset managers and private markets Institutional investorsBanks and financial intermediaries 16%Corporates and strategic investors 16%Other Notes: Total number of respondents to World Economic Forum survey was 45. “Other” is comprised of investor networks and family offices. Source: KPMG analysis based on World Economic Forum survey. Strong market infrastructure foundations, stable policy environments and efficient public-private risk-sharing mechanisms are critical to mobilize additional private climate finance for low-carbon and resilient development. Olivier Mahul, Global Manager, Climate Finance Mobilization Unit, World Bank From Risk to Reward: Unlocking Private Capital for Climate and Growth 16