European Investment Bank (EIB)’s Post

Through the Luxembourg-EIB Climate Finance Platform (LCFP), our member European Investment Bank (EIB) and the Luxembourg Government will provide EUR 5 million for the InsuResilience Investment Fund Private Equity II, managed by fellow Convergence member BlueOrchard Finance Ltd. By increasing access to affordable insurance and expanding the provision of climate insurance, the USD 100 million climate insurance fund aims to enhance climate resilience in Asia, Africa, and Latin America by providing coverage against unavoidable climate related losses and damages in developing countries, including extreme weather events and slow onset events. Learn more: https://bit.ly/46dzQQX #blendedfinance #climate #asia #africa #latinamerica #climateaction #climatefinance #insurance #climateinsurance

In case you missed it, Ocean Risk and Resilience Action Alliance shared another brilliant video as part of their #ocean investment campaign in the lead-up to #COP28. 
We are proud to support their call to action to bring governments and stakeholders from finance, insurance, civil society, and academia together to help bring #resilience to coastal communities in the Global South. #NatureBasedSolutions #30x30 #OceanConservation #BlueFinance #SustainableFinance #Resilience #Adaptation #BlueSpace #BackBlue #Sustainability #EsgInvesting #SustainableInvesting #ImpactInvestors #ImpactInvesting #SDGs Standard Chartered Bank

What a milestone! Introducing the world’s first climate-focused guarantee company. The Green Guarantee Company is on track to mobilize $1 billion for the aspirations of developing countries, providing guarantees for institutional investors buying listed green bonds and green loans issued in the private credit market. It’s a shining example of what the public and private sectors can achieve together—and another reminder of the power of Green Climate Fund investments. We're proud to join partners in backing GGC as it writes a new chapter of climate finance. Let's keep up the momentum. https://lnkd.in/enTX3ari

  It´s on! 🎉 ✨ Since September 2023, when we submitted a joint proposal, Climate Group and ERM have been working together. We now are proud not only to say that the UK PACT has approved the project, but also, that it is live! In this journey, we will engage three Brazilian States, Mato Grosso, Pernambuco, and São Paulo! UK PACT Funded by the UK’s International Climate Finance, the UK PACT programme (Partnering for Accelerated Climate Transitions) has provided funding for projects and skill-shares across three continents since 2018. Check the website for more information:   Mobilising green investment in Brazilian states: https://lnkd.in/dWg6_Y64 #sustainablefinance #UKPACT #ESG

As Finance Canada and federal and provincial financial regulators dither on imposing new requirements for corporate disclosure of climate-related risks, the European Union will be requiring nearly 50,000 companies to disclose the effects of their business on the environment and society, and the the effects of the climate crisis on their business. An estimated 10,000 corporations from outside the continent, many based in Canada, will be captured by the EU regulations. As the transition away from fossil fuels accelerates, Canada is falling behind the rest of the world in aligning our companies and financial institutions with domestic and international climate commitments. #cdnpoli #climaterisk #sustainablefinance

Will bonds play a bigger role in the transition to a #netzero future? 🤔💹 Join Climate Bonds' Global Head of Policy, Magali Caroline Van Coppenolle at the Sustainable Investment Forum Europe taking place on the 2nd of May, in partnership with Climate Action and the United Nations Environment Programme Finance Initiative (UNEP FI). The panel 'Sustainable Investment Dialogue' seeks to determine whether fixed-income portfolios, as one of the primary sources of global finance, are a vital pathway for facilitating the transition towards achieving climate objectives. Register now 👉 https://lnkd.in/gNi58Yt #SINVEurope #esg #transitionfinance #sustainablfinance

With the end of Next Generation EU in 2026, EU climate-dedicated grants will sharply decline. A new EU Green Investment Plan of €180 Bn between 2024-30 will be required to sustain current levels.

📢 Fossil fuel companies have secured at least US$82.8 billion through ISDS.  🌍💼 Our new piece exposes how the current investor-state dispute settlement (#ISDS) system poses a major hurdle to the urgent transition away from fossil fuels. 🚫⛽️💨 A big thank goes to my co-authors, Lorenzo Cotula, Anirudh Nanda, and Chloe Wang! Read more: https://iied.org/21971iied International Institute for Environment and Development (IIED) and Columbia Center on Sustainable Investment #COP28 #ClimateAction #InvestmentProtection #ISDS #ISDSReform #FossilFreeFuture #ClimatePolicy 🌿🌐

Thank you, Mafalda Duarte for amplifying the need to simply access to GCF resources. It will be a game changer in the quantity of climate finance flows to developing countries. Embracing concessional climate finance is crucial especially for long term and scale climate change projects. We however need to be cautious in ensuring that it does not drive developing countries into unsustainable debt dungeons. As such, whilst it is concessional and a necessity, we need to keenly forecast and monitor its likely implication on debt burdens of developing countries.

ACSI joined other peak bodies representing business, finance and investors who have come together to support the passage of mandatory climate reporting legislation. Together, the group represent more than 900 companies, investors with over AU$80 trillion assets under management, 7.7 million retail shareholders and over 80,000 directors, senior executives, accountants and other business professionals. The group supports the alignment of climate-related disclosures in Australia to the international standards set by the International Sustainability Standards Board (ISSB). This Bill provides critical certainty for business and professionals regarding the timing and requirements of mandatory climate-related disclosures, which then enables appropriate investment in resources and capacity building. We consider that the Bill strikes a sensible and pragmatic balance, including the inclusion of a transitional relief period. It is critical to business certainty and continued Australian competitiveness for the Bill to be passed in a timely manner. We urge passage without undue delay. #ESG #climatechange #climatedisclosures https://lnkd.in/gRDBtKt2