Risk to Reward 2025

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World Economic Forum. https://www.weforum.org/stories/2022/04/climate-change-global-gdp-risk/. 10. World Bank. (2024). Scaling Sustainable Infrastructure: Harnessing Private Capital through Pooled Investment Vehicles. https://www.worldbank.org/en/events/2024/10/16/high--level-panel-on-pooled-investment-vehicles#1. 11. Naran, B., Shankar, V., de Aragão Fernandes, P ., Dixon, J., Burnett, J., Abraham, S., Stout, S., Connolly, J., Strinati, C. (2025). Global Landscape of Climate Finance 2025. Climate Policy Initiative. https://www.climatepolicyinitiative.org/ publication/global-landscape-of-climate-finance-2025/. 12. International Monetary Fund, Monetary and Capital Markets Department. (2023). Global Financial Stability Report October 2023, Chapter 3: Financial Sector Policies to Unlock Private Climate Finance in Emerging Market and Developing Economies. https://www.elibrary.imf.org/display/book/9798400249686/CH003.xml. 13. Climate Policy Initiative. (2025). Global Landscape of Climate Finance Data Dashboard. https://www.climatepolicyinitiative. org/resources/data-visualizations/global-landscape-of-climate-finance-data-dashboard/. 14. Climate Policy Initiative. (2025). Global Landscape of Climate Finance Data Dashboard. https://www.climatepolicyinitiative. org/resources/data-visualizations/global-landscape-of-climate-finance-data-dashboard/. 15. International Monetary Fund, Monetary and Capital Markets Department. (2022). Global Financial Stability Report October 2022: Navigating the High-Inflation Environment. https://www.elibrary.imf.org/display/book/9798400219672/979 8400219672.xml. 16. Buchner, B., Naran, B., Padmanabhi, R., Stout, S., Strinati, C., Wignarajah, D., Miao, G., Connolly, J., Marini, N. (2023). Global Landscape of Climate Finance 2023. Climate Policy Initiative. https://www.climatepolicyinitiative.org/publication/ global-landscape-of-climate-finance-2023/. 17. An institutional investor is a legal entity or organization that invests large sums of money into financial markets on behalf of its members, clients or beneficiaries. 18. Ticket size is the amount of money allocated or committed by an investor, lender or financial institution to a single investment opportunity, project or borrower. 19. Impact Investing Institute. (2023). Bridging divides: A guide on using catalytic capital for a global just transition. https://www.impactinvest.org.uk/wp-content/uploads/2023/10/catalytic_capital_guide.pdf. 20. Climate Insiders. (2024). Funding Sources for Climate Tech Startups: VC, Private Equity and Beyond. https://www.climateinsiders.com/blog-posts/funding-sources-for-climate-tech-startups-vc-private-equity-and-beyond. 21. Climate Policy Initiative. (2025). Global Landscape of Climate Finance Data Dashboard. https://www.climatepolicyinitiative. org/resources/data-visualizations/global-landscape-of-climate-finance-data-dashboard/. 22. Climate Policy Initiative. (2025). Global Landscape of Climate Finance Data Dashboard. https://www.climatepolicyinitiative. org/resources/data-visualizations/global-landscape-of-climate-finance-data-dashboard/. 23. Gupta, A. (2025). Global Climate Finance Reached Record High of $1.9 Trillion in 2023, But Gaps and Systemic Risks Persist. Down To Earth. https://www.downtoearth.org.in/climate-change/global-climate-finance-reached-record-high-of- 19-trillion-in-2023-but-gaps-and-systemic-risks-persist.Endnotes From Risk to Reward: Unlocking Private Capital for Climate and Growth 48