GCF meets with top global investors to boost private sector climate finance

 

 

Songdo, 11 Oct 2019 The Green Climate Fund recently explored how to break through market barriers and forge new climate finance pathways in developing countries by tapping the experiences of some of the world’s top financial firms.

 

 

GCF Executive Director Yannick Glemarec and the GCF’s Private Sector Facility Director Ayaan Adam met with representatives of sovereign wealth funds, pension funds, asset managers and global banks holding more than USD 8 trillion in total assets during GCF’s Private Investment for Climate Conference.

 

 

The roundtables, held during GCF’s second Private Investment for Climate Conference, explored ways in which GCF can help shift global capital flows to drive climate action in developing countries. Participants shared their experiences in the business world on how to accelerate private sector investments for the transition to a low carbon economy.

 

 

The first roundtable, “Private Sector Leadership for Climate Action,” identified ways in which GCF can work with major financial players to support the Climate Finance Leadership Initiative led by Michael Bloomberg, the UN Special Envoy for Climate Action.

 

 

The second roundtable, “Mobilising Institutional Investors for Climate Action,” progressed earlier discussions led by GCF and the Qatar Investment Authority (QIA) during last month’s UN Climate Action Summit in New York to encourage institutional investors to fund climate initiatives. Participants discussed the barriers hindering private sector-led climate finance and the deployment of innovative business models.

 

 

The roundtable discussions concluded that here is strong demand for GCF co-investment solutions and catalytic capital to de-risk climate investments and unlock private capital at scale. There was also broad agreement about the urgent need for investment readiness to accelerate the origination of bankable climate projects in developing countries. In addition, several participants highlighted the importance of mainstreaming climate change into investment decisions.

 

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CBFP News

African biodiversity highly valued at sub-regional experience-sharing forum on ABS between COMIFAC researchers and the Japanese private sector.

Douala, Cameroon, 30 September- 1st October 2019 “The sub-regional Convergence Plan projects a 25% increase in absolute terms in the forestry-environment sector’s contribution to the GDP of the COMIFAC countries by 2025” said Mr. Ludovic ITSOUA MADZOUS, Deputy Executive Secretary of COMIFAC, as he welcomed the holding of the first meeting between a developed country and researchers of the Central African countries.

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Preparatory workshop of the 18 December Civil Society Day within the framework of the Congo Basin Forest Partnership (CBFP).

Saturday, 2 November 2019, End and closing of the preparatory workshop of the 18 December Civil Society Day held within the framework of the Congo Basin Forest Partnership (CBFP).

 

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Huge turnout of CBFP members in Shanghai, China: Minister of State and CBFP Facilitator François-Xavier de Donnea strengthens dialogue between Congo Basin and key Chinese actors of the Forestry-timber sector

From 15 to 21 November 2019 in Shanghai, China), Minister of State and CBFP Facilitator, Francois-Xavier de Donnea, took part in the International Forum on Green Supply Chains for forest products industry, entitled : “Together towards Global Green Supply Chains - A Forest Products Industry Initiative”

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forestsnews.cifor-Despite size, Congo Basin attracts less funding than other major forest areas

The study shows that Central African forests received $2 billion from bilateral (52.5 percent) and multilateral (47.5 percent) sources, with Germany accounting for 25 percent of funding, followed by the European Union and the Global Environment Fund (GEF). Most funds went to Democratic Republic of Congo (40 percent), Chad (17 percent) and Cameroon (14 percent).

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News and highlights from across the GEF partnership - GEF Newsletter | November 2019

To read: Uncovering the hidden value of biodiversity; GEF announces new investment in Central America's blue economy; Colombo Declaration tackles global nitrogen challenge; The real cost of illegal trade: $1-2 trillion per year…

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Announcing the strategic workshop and the 2019 General Assembly / GSAC Alliance

From 5 to 6 November 2019, the GSAC Alliance (Alliance for the Conservation of Great Apes in Central Africa) will be holding a strategic workshop in Pointe-Noire (Republic of Congo) which will discuss and develop a strategic plan for the next 3 years with the technical facilitation of the NGO Wellgrounded. It will be followed by the 2019 General Assembly of members of the NGO network in Central Africa- which works to protect chimpanzees, bonobos and gorillas- scheduled to take place from 08 to 10 November 2019 on the premises of the ESI CONGO association Magne in the heart of the Mayombe forest.

 

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United Nations Framework Convention on Climate Change, COMIFAC negotiators get drilled in preparation for COP 25 In Santiago, Chile.

The preparatory sub-regional workshop in view of upcoming events under the United Nations Framework Convention on Climate Change (UNFCCC) took place from 28 to 29 October 2019 in Douala, Cameroon.

 

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COMIFAC- Acting President of COMIFAC receives young leaders of Congo Basin forests

Yaoundé-Cameroon, 08-10 October 2019- The Cameroon Minister of Forestry and Wildlife, also serving as Acting President of COMIFAC on 10 October received the young leaders of the Congo Basin forests gathered in Yaoundé within the framework of the 3rd edition of COP Chez Nous.

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CBFP News Archive

2019

BCC 2020 Save the Date!
Forest Watch October 2019
World Bamboo Day
China goes green again!
GEF Newsletter | June 2019
The Cafi Dialogues
Forest Watch April 2019
Forest Watch March 2019