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To Stop Climate Catastrophe, Invest in Clean Cooking: Exploring the Lack of Funding – And Signs of Progress – In the Industry
As devastating heat waves and wildfires become an unwelcome part of summer around the world, it's clear that climate change is no longer a future risk we need to prepare for, but an ongoing crisis we need to navigate. To tackle this challenge, Dymphna van der Lans at the Clean Cooking Alliance argues that the world needs to phase out inefficient, greenhouse gas-emitting cooking methods like wood- and charcoal-burning fires – but for that to happen, funders will need to step up. She explores the lack of funding that has typically plagued the clean cooking sector, and discusses some promising signs of growing momentum.
- Categories
- Energy, Environment
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Press Release: Amid Widening Sustainable Development Goals Financing Gap, Alliance Invests in Building New Generation of African Investors
AVPA, a network of social investors collaborating to mobilize and deploy capital for impact, has launched a new program designed to strengthen the capabilities of African social investors.
- Region
- Sub-Saharan Africa
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CrossBoundary Energy Access raises $25 Million to Finance Solar-Powered Minigrids in Africa
CrossBoundary Energy Access (CBEA) has raised $25 million from ARCH Emerging Markets Partners, Bank of America, and Microsoft Climate Innovation Fund to finance the development of solar minigrids in Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Luxembourg Ministry of Finance Appoints Schroders and BlueOrchard to Accelerate Climate Action With a Landmark Partnership
The goal is to contribute to the transition to carbon-neutral and resilient economies while achieving sustainable growth in emerging markets.
- Region
- Global
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Redefining ‘Business as Usual’: Three Ways to Overcome Barriers to ESG and Climate Finance
Climate change imposes significant costs on the economy, and addressing the crisis is key to businesses’ long-term success and viability. But as Roger-Mark De Souza at Pact explains, despite the growing urgency of the need, the business case for moving toward sustainability – and the fact that up to 80-90% of investors want to invest in socially and environmentally friendly ways – actual green investing hovers at just 10%. He explores the reasons for the gap between investor interest and action, and proposes three ways to address it.
- Categories
- Environment, Impact Assessment, Investing
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Press Release: Africa Finance Corporation Launches US$2 Billion Facility to Support Economic Recovery & Resilience in Africa
In response to economic challenges created by the global pandemic and the Russia-Ukraine conflict, Africa Finance Corporation (AFC) is launching a US$2 billion facility to support recovery and resilience in Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Strengthening the ‘Environment’ Component of ESG: How Financial Institutions Can Bring Green Financing into the Mainstream in India
Environment, social and governance (ESG) reporting is a critical enabler for many companies that hope to leverage business for social good. But according to Aryasilpa Adhikari and Priyank Sharma at the Inclusive Finance India Initiative and Srishty Anand at Fair Finance India, though Indian financial institutions have shown an increased focus on the social and governance components of the ESG framework, the environment component has generally been less of a priority. They explore several ways India can change this dynamic and bring green finance into the mainstream.
- Categories
- Environment, Finance, Investing
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Press Release: DFC Seeks to Increase Climate Finance Partnerships on Earth Day
On Earth Day, U.S. International Development Finance Corporation (DFC) hosted “Investing in a Sustainable Future – Climate Finance in Emerging Markets."
- Categories
- Environment, Finance
- Region
- Global
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