Focusing solely on direct mobilization may lead to overestimating the role of project-level climate finance and, in worst case, neglecting the importance of finance directed to capacity building, budgetary support (e.g. feed-in tariff scheme for renewables) and overall work to strengthen enabling environment (OECD, 2015). While to date only few studies have assessed the mobilizing effects of public policies and support for policy development, and these mainly direct and project-based mobilization, preliminary findings from WRI23 highlight the importance of overall policy frameworks and stability as key enablers of climate compatible investments. According to GCF (2015) a key challenge for mobilization is the missing link between climate projects and "initiatives that strengthen underlying policy, regulatory, or enabling environment".