The fund, backed by development finance institutions and foundations, supports a new wave of tech-savvy entrepreneurs seeking to build sustainable businesses tackling climate impacts on the continent.
The loans will be used to upgrade Britain’s ageing social housing sector, which needs close to £36bn of investment to fully decarbonise, according to the National Housing Federation.
The money will be used to finance projects that will boost energy efficiency, slash CO2 emissions and help fight climate change, according to both organisations.
The German residential real estate technology platform says it will use the investment to deploy significant capital over the next 24 months to drive the green transition of Germany’s housing sector.
The Netherlands-based blended finance fund manager is hoping the new vehicle will unlock private sector investment for a vast range of green hydrogen technologies.
The fund managed by the Swiss impact investor focuses on projects in emerging and developing countries committed to slashing greenhouse gas emissions by at least one-fifth.
Financing for climate change initiatives and a just transition just got harder with the return of Donald Trump to the White House, but development banks meeting in South Africa resolved to step up efforts to help close the funding gap.
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