The move is one building block for a new strategy launch, following a capital increase for the international development institution from Nordic governments in 2020.
The new fund will enable faith-based asset owners to invest in large-scale projects aimed at supporting vulnerable communities with the transition to a low-carbon economy.
COP27 produced a pledge to set up a fund to mitigate climate impacts in the hardest hit low-income countries, but little progress was made on speeding up the energy transition.
The Fashion Industry Target Consultation, an initiative by United Nations Environment Programme and Global Fashion Agenda is inviting stakeholders across the fashion value chain to share insights on how to meet climate goals.
Less than 2% of philanthropic capital is directed towards fighting climate change. But targeting “big wins” in this field can lead to more investment, according to research commissioned by the IKEA Foundation.
The Blue Mediterranean Partnership was launched at the COP27 climate talks in Egypt by the European Investment Bank, the European Bank for Reconstruction and Development and the Union for the Mediterranean.
A stylish and engaging book with outstanding photographs but too misty-eyed for our contributor Christopher Walker. However, he still thinks you should read it
The climate crisis cannot be solved without involving women, some of the world’s leading investment funds, foundations and financial institutions said in a joint letter published ahead of COP27
The Dutch-headquartered asset manager is one of a growing number of institutions that say combatting biodiversity loss can also be an investment opportunity.
The UK government-backed £30m fund aims to bring back Britain’s lost rainforests, which once covered large parts of its western coastline and inspired a classic crime novel.
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