Blended finance

The Barcelona-based impact investor’s new fund includes investment protection mechanisms provided by state-owned COFIDES to attract private funding.

The fund aims to help close the estimated annual $280bn climate adaptation gap and benefit 19million people living in emerging and developing countries, including least developed countries and small island developing states.

The inaugural World Bank-hosted funding from the Global Agriculture and Food Security Program is set to unlock $200m in lending for smallholder farmers across five African countries to help bolster food security and resilience to climate change.

The report, prepared by global research consultancy Itad, identifies four actions that DFIs can take to mobilise private capital at scale to advance the Sustainable Development Goals and deliver meaningful climate action.

This year’s GIIN Impact Forum took place in Berlin, where industry leaders spoke about key themes driving growth and innovation in the sector.

Climate Investor Two, which invests in water, waste and oceans infrastructure, is now the world’s largest climate adaptation infrastructure fund focused on emerging markets.

The guidance highlights some of the barriers to scaling blended finance and provides strategic advice and practical insights to help policymakers and practitioners use it more effectively.

The commitment reinforces European support for Vietnam’s just energy transition partnership, aimed at accelerating its move to net zero.

The investment brings total assets under management to around $95m, which will be used to support SMEs in developing countries working in the fields of renewable energy and sustainable agriculture.

Nature finance is gaining momentum, but the complexity of the sector often leaves nature underpriced, undervalued and underfinanced, a new report has said.