12 December 2023


Dec 11
EIB and Central Bank of Kenya Launch New Climate Finance Best Practice Initiative
The initiative will serve as a model for mobilising climate finance by tackling barriers that hold back engagement by commercial banks and will enable the Central Bank of Kenya to incorporate climate risk into the Kenyan regulatory framework.
Source: Devdiscourse
Dec 11
Greenarc Capital Collaborates with the US DFC on Blended Finance Transaction for Social Impact
GreenArc Capital has partnered with the U.S. International Development Finance Corporation (DFC) and US Agency for International Development (USAID) Regional Development Mission for Asia (RDMA) on the Indo-Pacific Liquidity Facility (IPLF), a USD 30 million social impact product issued on November 30, 2023. DFC’s $10 million loan commitment will mobilize $20 million from private investors.
Source: KTLA
Dec 11
No One Is Investing in Adaptation, the ‘Poor Cousin’ of the Climate Debate
“It's seen as a sunk cost and not as an investment. And that’s wrong,” says Patrick Verkooijen, CEO of the Global Center on Adaptation, on this week’s Zero.
Source: Bloomberg
Dec 7
Impact Strategies Compatible with Pension Funds’ Fiduciary Duty
Impact investments achieve returns comparable to the wider market, making them compatible with the fiduciary duty of pension funds to their stakeholders, a Pensions for Purpose research paper concludes.
Source: Impact Investor
Dec 7
Impact Taskforce Highlights the Urgent Need for Development Finance Institutions to Mobilise More Private Sector Capital in Low Income Countries
The Impact Taskforce (ITF), the independent, industry-led taskforce supported by the UK G7 Presidency, released the State of Play 2023 report. The update assesses the progress made since the Taskforce made its first recommendations in the 2021 flagship report Time to Deliver.
Source: Impact Taskforce
Dec 6
ADM Capital Debuts First Indonesia Impact Fund
Asia-Pacific private credit specialist ADM Capital has launched its Asia Climate-Smart Landscape Fund (ACLF) for Indonesia, with seed commitments from Ceniarth, the David and Lucile Packard Foundation, the John D. and Catherine T. MacArthur Foundation, Margaret A Cargill Philanthropies and RS Group, and a target of total commitments of up to US$200 million in further closes.
Source: The Asset
Dec 6
Catherine Koffman, Development Bank of Southern Africa: Unlocking the Potential of Green Hydrogen in Africa
As the world transitions from fossil fuels and grapples with the urgent need to reduce carbon emissions towards a greener future to meet its ambitions of net zero, alternative energy resources such as green hydrogen is poised to revolutionise the energy landscape in Africa and beyond.
Source: IOL
Dec 6
C. Emmott, Associate Director, Acumen: PUE at the BoP - Three Approaches to Making Productive Uses of Energy Accessible to All
Selling income-generating appliances that can cost well above $1,000 to a low-income farmer or microentrepreneur puts all the risk on the farmer/entrepreneur and their business. In order to realise the true potential of Productive Use of Energy (PUE), the social enterprise sector needs to devise new business models that remove this risk so that the most vulnerable can access these life-changing technologies.
Source: NextBillion
Dec 5
Climate Fund Managers Appointed Investment Manager of GAIA LP, a USD1.48bn Target Climate-Focused Emerging Market Private Debt Platform
GAIA is targeting a first close of USD 500 million in Q2 2024 raised from international investors across both public and private sectors, with a target final close of USD 1.48 billion within 24 to 36 months.
Source: GlobeNewswire
Dec 5
Climate Investor Eversource Receives Grant Funding from US and Danish Governments
Eversource, a climate investment joint venture between Everstone Group and Lightsource BP, has received catalytic concessional capital from the U.S. Department of State and USAID through the Blended Finance for Energy Transition (BFET) program.
Source: The Economic Times

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