The Alliance of Net Zero Asset Owners Convened by the UN to Convene a High-Level Forum on the Potential of Blended Finance

GENEVA–(BUSINESS WIRE)–Don’t miss this special online event organized by the Alliance of Net Zero Asset Owners and the United Nations Environment Program Finance Initiative (UNEP FI), featuring Dr. Mahmoud Mohieldin, United Nations Champion for climate, Dr Jörg Kukies, German Chancellery and Dr Andrea Hauser, KfW.

Register for Scaling Blended Finance for Climate Solution Investment in Emerging Markets (October 5, 2022 at 4:00 p.m. CEST) here.

Ahead of the International Monetary Fund/World Bank GA and COP27, this forum aims to raise the subject of mixed finance to decision-makers at the highest level, without whom any progress is impossible. The agenda will include an opening address by Selwin HartSpecial Advisor to the United Nations Secretary General on Climate Action.

Panel discussion with Marc-André Blanchard, Executive Vice-President and Global Head of Sustainable Development, Caisse de dépôt et placement du Québec (CDPQ), Magnus Billing, CEO, Alecta, Chris Clubb, Managing Director, Convergence Blended Finance, Nick O’ Donohoe, CEO, British International Investment, and Günther Thallinger, Board Member of Allianz SE and Chairman, Net-Zero Asset Owner Alliance, convened by the UN. The panel will be moderated by Dr. Hubert Danso of Africa Investor.

The forum follows the publication of a Appeal to policy makers facilitate the scaling up of blended finance structures to finance climate solutions if the world is to achieve both the Paris climate targets and the UN Sustainable Development Goals (SDGs). Signed by the UN Special Envoy for Climate Action and Finance Marc Carney and United Nations High-Level Climate Action ChampionNigel Trim and supported by the Sustainable Markets Initiative and the Investor Leadership Network – the Alliance said blended finance structures would go a long way in mobilizing the flow of climate capital to emerging markets and developing economies (EMDEs).

The potential of Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs) in mobilizing private capital through blended finance is significant, given their experience and expertise, particularly in EMDEs , coupled with their greater risk tolerance and formal development mandates.

The Alliance aims to contribute to the implementation of the solutions highlighted by collaborating with Convergence and by establishing a dialogue with the members of the Coalition of Ministers of Finance for Climate Action. Mass mobilization of capital in EMDEs will only be achieved if donors, development banks and private sector financiers all work together to bring about systemic change in the way private capital is deployed in climate and SDG financing .

Register for Scaling Blended Finance for Climate Solution Investment in Emerging Markets (October 5, 2022 at 4:00 p.m. CEST) here.

About the Net-Zero Asset Owner Alliance

The 74 members of the Net-Zero Asset Owners Alliance Convened by UN committed to (i) moving their investment portfolios to net zero GHG emissions by 2050, consistent with a maximum temperature increase of 1.5°C above pre-industrial levels; ii) set milestones every five years, and iii) report progress regularly. The Alliance is convened by the UNEP Finance Initiative and the Principles for Responsible Investment (PRI). The Alliance is supported by WWF and Global Optimism, an initiative led by Christiana Figueres, former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).

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