The Netherlands is making a significant push to address the persistent global climate finance gap, with a renewed focus on adaptation and a reevaluation of how public and private funds are mobilized, according to one senior leader.
In an exclusive interview with Devex, Vice Minister for Development Steven Collet emphasized the importance of sharing best practices and supporting finance ministries in low- and middle-income countries to integrate climate financing into their systems.
Collet provided key insights into the country’s strategy for engaging the private sector, citing impressive results from test cases that generated a billion in private capital. He also addressed the critical need for transparent guidelines to effectively blend public and private funds, ensuring the optimal use of official development assistance.