Pull financing is an underutilized tool that can drive the development of critical technologies to combat the climate crisis, as argued by Dissanayake (2021) and Dissanayake and Camps (2022). A recent paper presents two case studies that demonstrate the potential of pull climate finance in addressing pressing climate challenges. One case focuses on energy-intensive residential air conditioning, while the other tackles the issue of stubble burning in agriculture. Both cases propose the use of an Advance Market Commitment (AMC) as a promising tool to enable technology adoption and drive market shifts towards cleaner alternatives. The findings highlight substantial emission reductions and development benefits associated with these approaches, justifying significant investments in pull climate finance.
Catalyzing Climate Results with Pull Finance
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