The organisation seeks to provide $1bn of guarantees to mobilise climate change-related investment for borrowers in developing countries, backed by capital from various state-level investors.
The blended finance fund, which invests in green energy and infrastructure in developing countries, is focused on climate mitigation and adaptation, social development, economic infrastructure and gender equality investment.
The EU-backed funding is part of €4.2bn in debt financing announced by H2 Green Steel for its large-scale green steel plant in Sweden, on top of equity investments of €300m and a €250 million grant from the EU’s Innovation Fund.
If Tony Dalwood wasn’t running Gresham House, he may have become a sports coach. He told Impact Investor how a career in rugby helped him build a multi-billion business, and why investing in sustainability is a safe bet.
British International Investment has committed capital alongside other DFIs and private investors to the Clime Capital-managed fund, which raised a total $127m at first close.
The green and sustainability-linked loan from IFC will finance renewable energy projects in emerging markets, including those heavily reliant on coal, in support of a just transition to a low carbon economy.
AgilityEco, an energy efficiency services business aimed at reducing fuel poverty and CO2 emissions from UK households, has seen its turnover increase threefold since Bridges investment in 2019.
Investment by France’s TotalEnergies in fast-growing Indian renewables firm Adani Green Energy reflects wider investor interest in decarbonisation projects in the country.
Fixed income markets may be bigger than equity markets, but they don’t feature as prominently in sustainable investment discussions. Anthropocene Fixed Income Institute hopes to change all that.
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