Which of the following is a benefit of 'Green Banks' or 'Climate Finance Institutions'?
- Focusing only on short-term profits
- Using public capital to leverage private investment in clean energy and resilience projects
- Avoiding risk assessment
- Excluding community participation
Answer: Using public capital to leverage private investment in clean energy and resilience projects
Green banks deploy innovative financial tools (e.g., loan guarantees, co-investment) to overcome market barriers and scale up deployment of low-carbon technologies.