The fund secured investment from institutions including British Patient Capital and plans to fund impact startups in areas such as energy, transportation, and agriculture.
Asset owners, industry experts and market practitioners came together at last week’s Impact Investor Forum to share their experiences and talk about the obstacles they face when navigating a just transition.
Backed by the UN Environment Programme Finance Institute, the framework offers investors metrics on how to assess the impacts of investing in climate adaptation and resilience.
The fund seeks to alleviate poverty and boost entrepreneurship in the region and it is London-based M&G’s second investment into an impact-driven public private partnership (PPP) model.
Following a 10-year low in blended finance investment in 2022, multilateral development banks and development finance institutions are investing in greater sums to tackle climate change.
A $27m guarantee facility aims to boost renewable energy in Southern Africa and unlock up to $270m of private capital investment into independent power projects.
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