{"id":7325,"date":"2019-09-25T06:50:30","date_gmt":"2019-09-25T10:50:30","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/climate-finance-leadership-initiative-and-european-development-finance-institutions-partner-to-drive-climate-finance-in-emerging-markets\/"},"modified":"2019-09-25T06:51:55","modified_gmt":"2019-09-25T10:51:55","slug":"climate-finance-leadership-initiative-and-european-development-finance-institutions-partner-to-drive-climate-finance-in-emerging-markets","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/climate-finance-leadership-initiative-and-european-development-finance-institutions-partner-to-drive-climate-finance-in-emerging-markets\/","title":{"rendered":"Climate Finance Leadership Initiative and European Development Finance Institutions Partner to Drive Climate Finance in Emerging Markets"},"content":{"rendered":"
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Partnership announced today at Bloomberg\u2019s Global Business Forum\u00a0stems from a new report from the CFLI on accelerating and scaling climate finance<\/h4>\n

NEW YORK \u2013 The Climate Finance Leadership Initiative<\/a> (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.<\/p>\n

The CFLI\u2019s members include seven of the largest institutions in the world from across the investment chain, including project developers, banks, insurers, asset managers, and asset owners. EDFI represents 15 bilateral development finance institutions from across Europe that jointly manage a portfolio of more than $50 billion of impact-oriented investments in emerging and frontier markets.<\/p>\n

\u201cIn tackling the critical issue of closing the climate finance gap in emerging markets, one thing is clear: no entity can act alone. It is through public-private partnerships like this one that we will be able to move the needle on the goals outlined in the Paris Agreement,\u201d said Mary Schapiro, Special Advisor to the Founder and Chairman and Vice Chair for Global Public Policy at Bloomberg LP<\/strong>. \u201cEDFI members have significant experience in successfully investing in emerging markets, and we look forward to combining their insights with the CFLI\u2019s private-sector scale and expertise.\u201d<\/p>\n

\u201cClimate finance for emerging and frontier markets is one of our generation\u2019s top commercial and investment opportunities. It is also necessary to mobilize more private institutions to seize this opportunity at scale. That\u2019s the only way fast-growing economies will be able to make a sustainable transition to a low-carbon future,\u201d said S\u00f8ren Peter Andreasen, CEO of EDFI<\/strong>. \u201cCFLI financial institutions can play a critical role in making this happen. EDFI looks forward to working with CFLI on joint investment opportunities, risk-sharing tools, policy dialogue and exchange of experience. This new partnership also sends a strong signal to other private investors about the significant opportunity before us.\u201d<\/p>\n

“Public-private partnership is the key to unlocking a low-carbon future. The alliance between CFLI and EDFI represents not only an important step forward in mobilizing climate finance, but also highlights the importance of collaboration in addressing climate change,” said Rachel Kyte, Chief Executive Officer of Sustainable Energy for All, and Special Representative of the United Nations Secretary-General for Sustainable Energy for All.<\/strong><\/p>\n

This partnership is a response to the solutions outlined in Financing the Low-Carbon Future<\/em>, the recently-released report<\/a> from the CFLI, which offers a private-sector perspective on the actions needed to accelerate climate finance.<\/p>\n

As part of the partnership, the CFLI and EDFI will work with their members on efforts to:<\/p>\n