One of the challenges to achieve successful low-carbon transformation in line with the climate goals set out in the Paris Agreement is the provision and effective deployment of finance to enable widespread uptake of low-carbon technologies.
The paper starts with a brief overview of the RAC sector and its role in the climate context. It continues with a summary of the status quo of different finance options in the sector, differentiating between direct (HFC) and indirect (CO2) emission reductions. Subsequently, typical barriers and the role of different actors to provide finance and support are outlined. The ensuing part of the paper takes a more detailed look at the availability of finance for different mitigation activities, with a view to identifying access options to finance sources within the scope of a comprehensive and coherent RAC sector strategy.