Such public interventions are most effective in mobilising finance when they target specific market failures and barriers that hinder investment. Analysis of the factors needed for effective national enabling environments has highlighted a number of barriers to effectively scaling-up the levels of private investment in climate-resilient activities (e.g. Corfee-Morlot et al. The private sector has identified several policy recommendations for improving national enabling environments for mobilising and attracting low-carbon investment (see e.g. IIGCC, 2011).