Making blended finance work for nature-based solutions

This paper provides an overview of various financial instruments available for climate action and nature conservation, focusing on the innovative approaches taken by the Green Climate Fund (GCF) and its partners to catalyze finance at scale. This paper discusses five categories of instruments to catalyze finance for nature-based solutions and how instruments can be combined for maximum impact, such as blended finance mechanisms. It also aims to share the experiences of GCF and its partners in designing examples of these and other blended finance mechanisms through three approaches: complementarity, sequencing and partnerships.