Climate & environment

The new fund is said to be one of the biggest and most diverse institutional capital pools ever assembled for investment in the South American country.

Investments totalling almost $30m from UK and Nordic region DFIs bring commitments so far to $90m for the fund, which supports the uptake of climate insurance in emerging markets.

The transaction marks BII’s first direct financing into Southeast Asia and will help avoid 319,000 tonnes of CO2 emissions per year.

The multi-institutional investment reflects growing interest in providing affordable insurance to cover Africa’s vulnerable smallholder farmers against climate-related risks.

The fundraising playbook for software has been set for decades. In climate tech, not so much. A new initiative aims to bring clarity for founders and investors, and fast-track climate technologies.

The public-private partnership of insurers and global policymakers is working with BlackRock to put a new blueprint of scalable solutions for infrastructure projects into action.

Plus, UK farmers offered finance scheme to reduce costs and decarbonise | Wattron, a specialist in digital heating systems for the packaging industry raises €12m.

The joint loan to a sustainable marine tourism company will benefit local workers and reduce the environmental impact of visitors to the archipelago off the coast of Ecuador.

The Fidelity Real Estate Logistics Impact Climate Solutions Fund will invest in Western Europe’s logistics sector with the aim to transform existing ‘brown’ buildings into carbon neutral properties.

The grants have a focus on amplifying measures that will benefit low-income and disadvantaged communities, while also helping to achieve net-zero objectives. There are calls for a similar approach to be taken in Europe.