This paper explores various financing instruments that can channel climate and disaster risk finance into the education sector. It examines instruments such as grants, carbon credits, bonds, parametric insurance, results-based finance frameworks and debt swaps. It reviews case studies for the application of these instruments in education and finds that each of these instruments presents unique opportunities and challenges for channelling climate finance into education. The review reveals four entry points for the application of climate finance in education: (i) climate change mitigation, adaptation and resilience interventions targeted at the education sector; (ii) climate change mitigation and adaptation projects not targeted at the education sector that have secondary benefits or co-benefits for education; (iii) interventions in the education sector with climate benefits; and (iv) education continuity during emergencies and crises.
CLEAN. (November 2024). Mapping of climate finance instruments and potential for use in the education sector.
Report prepared by Manisha Gulati for the Climate, Environment, and Nature (CLEAN) Helpdesk.
Available: https://www.clean-helpdesk.org/
