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Encouraging Investments in Climate Solutions

Convergence May 24, 2019
This article is deemed a must-read by one or more of our expert collaborators.
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Encouraging Investments in Climate Solutions Giving Compass
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Giving Compass’ Take:

• The Climate Finance Partnership will work to encourage and coordinate investment in climate solutions through a blended finance approach. 

• Could this partnership, or another like it, be an appropriate investment for you? 

• Learn about blended finance for the SDGs. 


Convergence has awarded a Design Funding grant to Aligned Intermediary (AI), co-funded by the David and Lucile Packard Foundation. The grant will support AI in the coordination and design of the Climate Finance Partnership (CFP), an unprecedented blended finance partnership between the world’s largest asset manager – BlackRock – and leading philanthropies and governments.

Government and philanthropic partners include the Governments of France and Germany, the William and Flora Hewlett Foundation, the Jeremy and Hannelore Grantham Environmental Trust, and the IKEA Foundation.

The consortium has jointly committed to develop a flagship blended private infrastructure equity fund for climate infrastructure projects and companies in emerging markets. The fund aims to be one of the biggest blended vehicles to-date targeting climate-related investments in developing countries.

The fund will seek to make investments in sectors such as renewable energy, energy efficiency, energy storage, and low-carbon, and electrified transportation in middle-income countries across Latin America, Asia, and Africa.

Middle-income countries represent the majority of the world’s poorest population and face massive climate finance shortfalls. For instance, according to the Asian Development Bank, for Asia to maintain its growth momentum, eradicate poverty, and respond to climate change, it will need to invest $26 trillion from 2016 to 2030, or $1.7 trillion per year. Meanwhile, current annual investments in the region for infrastructure are only $881 billion.

Read the full article about encouraging investments in climate solutions at Convergence.

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Climate is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.

  • This article is deemed a must-read by one or more of our expert collaborators.
    Click here for more.
    How Some Farmers in Peru Invest for Impact: Higher Incomes and Climate Resilience

    The farmers of Pangoa rely on their crops to survive. So for nearly twenty years, Esperanza Dionisio Castillo and her team decided to invest for impact for the long-term health of the land. Recognizing that a changing climate impacts the areas where coffee and cocoa can grow, Pangoa launched a reforestation initiative, planting trees that will create microclimates where these crops can thrive for years to come. Additionally, Pangoa’s agronomists regularly offer producers trainings on sustainability, from the proper use of compost to why it’s important to avoid chemical fertilizers and pesticides. The technical team from the Pangoa cooperative has taught us how to prune correctly, how to control disease, how to fertilize. We don’t spray. And when we plant new seedlings, we use our compost for fertilizer. We’ve learned how working with the organic program helps protect the environment. Esperanza and her team are pioneering a model of how agriculture can transform communities. Their vision and determination are exactly what draws Root to invest in rural businesses across Latin America, Africa, and Southeast Asia. We see the same potential for impact in these enterprises that Esperanza saw when she took the helm of Pangoa 20 years ago. Read the full article on investing for impact at ImpactAlpha


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