World'S Largest Climate Finance Fund Explains Investment Approach

credit:

The Green Climate Fund is the world's biggest dedicated fund designed to help developing countries mitigate and adapt to climate changeand it's looking for new investments.

Henry Gonzalez, the fund's deputy executive director and chief investment officer, tells AsianInvestor that the fund is looking for projects that have "a paradigm shift potential and a climate impact potential."

"We are able to have a high-risk appetite, as long we can believe there is also high impact," he says.

Gonzalez says 34% of the fund's committed capital has gone to Asia, which includes low- and middle-income countries, Central Asia, and the Pacific islands.

He says the fund has made "big investments" in renewable energy, energy efficiency, access to energy, transport, mobility, electric vehicles, and hard-to-abate industries.

The Green Climate Fund was established in 2010 by 194 sovereign governments under the United Nations Framework Convention on Climate Change.

It has received $11.2 billion in investments so far, with $4.2 billion of that going to projects.

Gonzalez says the fund is trying to bring together philanthropic, public, and private capital to "de-risk opportunities to crowd in other investors."

Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

How's Your Community Doing?
Check Out it's
Community Vital Signs

5 Ways to Guide Clients on Esg and Impact Investing

Environmental, social, and governance (ESG) investing has gained popularity in recent years as clients seek to align their investments with their values and promote positive change in the...more

New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation

"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more

Wilkes Center Announces 7 Finalists for $500K Climate Launch Prize

The University of Utah's Wilkes Center for Climate Science and Policy has narrowed its list of finalists for its $500,000 Climate Launch Prize to seven. The goal of the prize, which is one of the...more

The Growth of Social Enterprises €” For-Profit Businesses That Tackle a Social Problem

"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more

Canada and India Announce Funding for Innovations to Improve Child Health

Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more