Financing early stage climate technologies was one of the key points of discussion at the third meeting of the G20 Sustainable Finance Working Group (SFWG) under the G20 India Presidency that concluded at Mamallapuram on June 21.
“There were discussions on financing early stage climate technologies. And also on how to scale up these operations and bring them into the market,” said Chandini Raina, Advisor, Department of Economic Affairs, Ministry of Finance, Government of India.
The key barriers to financing of climate-tech include the valley of death issue wherein the investments are concentrated at later stages of product development instead of early stages, geographical locations of the projects and their long timelines that add to the risks.
