Risk to Reward 2025

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Images: Adobe Stock Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders. © 2025 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Contents Foreword 3 Executive summary 4 1 Private climate finance landscape 6 1.1 Introduction 6 1.2 Trends in private climate finance 8 2 Climate finance solutions roadmap 17 2.1 A roadmap to prioritize interventions that accelerate capital flow 17 PRIORITY 1: Improve access to bankable project pipelines 20 PRIORITY 2: Increase data transparency and local market intelligence 25 PRIORITY 3: Mobilize local capital 29 PRIORITY 4: Streamline risk-sharing mechanisms 32 PRIORITY 5: Improve policy and regulatory certainty 36 PRIORITY 6: Scale up equity investment structures 39 2.2 Why Article 6 matters 42 Conclusion: From ambition to execution 44 Contributors 46 Endnotes 48 From Risk to Reward: Unlocking Private Capital for Climate and Growth 2
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