The San Giorgio Group is a working group of key financial intermediaries and institutions actively engaged in green, low-emissions finance, established by Climate Policy Initiative in a collaboration with the World Bank Group, CLP (China Light & Power), and the OECD (Organisation for Economic Co-operation and Development). The San Giorgio Group is coordinated from CPI’s Venice office.

San Giorgio Group

Partner Institutions

OECD   World Bank Group logo  CLP_logo

San Giorgio Group Focus

Effective green finance is critical to the success of low-emissions development. However, significant challenges remain including how to scale up actions to meet global needs, how to design risk-return arrangements to attract public and private capital, and how to disburse climate funds effectively. The San Giorgio Group focus includes:

  • Effective investment: systematic analysis of case studies and tracking of existing green investments
  • Ensuring learning: distill lessons from the evolving financing practices
  • Scaling up: provide insights on how public resources can be spent wisely to mobilize private finance

The San Giorgio Group work focuses on a systematic analysis of project, program, and instrument case studies to identify best practices for effective public and private investment, with a special focus on how risks faced by investors are addressed.

Latest from the San Giorgio Group


Fifth Annual Meeting of the San Giorgio Group: Expanding Green, Low-Emissions Finance

Island of San Giorgio Maggiore, Venice, February 25, 2016

Organized by Climate Policy Initiative (CPI) in collaboration with the World Bank Group, China Light Power (CLP) and the Organisation ...

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Estimating Mobilized Private Finance for Adaptation: Exploring Data and Methods

November, 2015

This study advances understanding of how to assess publicly-mobilized private investment in climate resilience by developing, testing and evaluating a range of methodological options to estimate the amount of private finance mobilized by developed countries’ public finance interventions for climate adaptation in developing countries.

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Lessons on the Role of Public Finance in Deploying Geothermal Energy in Developing Countries

August, 2015

This report provides recommendations on the design and distribution of policymakers and development finance institutions' policy and financing tools to enable fast and cost-effective deployment of geothermal in developing countries. It draws lessons from case studies of geothermal projects with different public, private and mixed development models in Turkey, Kenya and Indonesia.

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Risk Mitigation Instruments for Renewable Energy in Developing Countries: A Case Study on Hydropower in Africa

July, 2015

This study examines the effectiveness of risk mitigation instruments used in a Ugandan hydropower project in driving investment and reducing costs and examines how these instruments might be used to drive private investment in other renewable energy projects in developing countries with high investment risks. The project is one of very few to make simultaneous use of different risk mitigation instruments provided by the World Bank Group.

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Using Private Finance to Accelerate Geothermal Deployment: Sarulla Geothermal Power Plant, Indonesia

June, 2015

This case study analyzes the 330MW Sarulla Geothermal Power Plant (GPP) which is on course to become the largest single contract geothermal power plant project in the world in 2018. The project has the highest private sector involvement of any geothermal project on a previously undeveloped field in Indonesia, thanks to substantial public support in the form of financing, guarantees and a feed-in tariff.

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