“Climate Finance Leadership Initiative and European Development Finance Institutions Partner to Drive Climate Finance in Emerging Markets”– Bloomberg – September 25, 2019

On September 25, 2019 Bloomberg reported that “(t)e Climate Finance Leadership Initiative (CFLI) and the Association of European Development Finance Institutions (EDFI) today announced a partnership that will advance the public-private collaboration vital to closing the climate finance gap in emerging markets. EDFI and the CFLI will engage their members with the aim of building project pipelines, managing risks, and broadening opportunities for private-sector financing and investment in emerging and frontier markets.”

The announcement was made at the Bloomberg Global Business Forum.

According to Bloomberg, “(t)his partnership is a response to the solutions outlined in Financing the Low-Carbon Future, the recently-released report from the CFLI, which offers a private-sector perspective on the actions needed to accelerate climate finance.

As part of the partnership, the CFLI and EDFI will work with their members on efforts to:

  • Originate, structure, and co-finance low-carbon opportunities on a deal-by-deal basis or through pooled investment vehicles;
  • Explore the development of structured finance and portfolio investment solutions to meet the needs of institutional investors and increase the availability of efficient financing for developers;
  • Identify and deploy incremental risk mitigation tools, such as first loss cover available from concessional capital providers; and
  • Support policy engagement efforts on enabling environments to attract private sector capital and use joint projects wherever possible to help highlight sound policy standards.

To learn more about this joint initiative from the CFLI and the EDFI, visit Bloomberg.com/CFLI.

You may read the article on the Bloomberg internet site.