Image Credit: CIAT – 2DU Kenya 86, CC BY-SA 2.0, Link
In today’s global push towards building a sustainable future, focused capital is necessary to ensure that emerging markets are brought on board so they will reach the 2030 target date for the Global Goals. Green Banks are positioned to position to help capitalize communities in emerging economies.
This is why we have recently built a robust partnership with a leading organization in helping to mobilize capital for Green Banks and bridge local markets with these institutions. Coalition for Green Capital (CGC) is a non-profit that has been successful in driving the creation of Green Banks in the northeast of the USA and California. CGC also works internationally on the Green Bank concept. This includes scoping, institutional design, and consulting.
Recently CGC partnered with Convergence and ClimateWorks as well as the Development Bank of Southern Africa (DBSA) to support the creation of the Climate Finance Facility (CFF). The CFF hopes to be the first “Green Bank” in an emerging market.
“Clean power and water are the lifeblood of economic growth and should be abundant and affordable across the developing world,” notes Reed Hundt, CEO of CGC. “Achieving climate investment goals, however, requires a massive surge in private sector-led spending on low-carbon infrastructure. The Climate Finance Facility is designed to meet this need with a mandate to crowd in private investment in green infrastructure.”
SDG-Market sees CGC as an important partner in helping to further capital and investment in emerging economies in order to encourage increased impact investment opportunities that are far less risky with a greater potential for true change. If Green Banks increase their presence in emerging markets, their capital focus and investment can help localities create sustainable economies. This will be the difference between staying within the developing market or enhancing their economy’s potential, which will in turn spur an enhanced quality of life with near limitless potential for all residents in these areas.
- David is SDG-Market's Chief Marketing Officer. He is considered an expert in the Middle East and Sub-Sahara African regions as they relate to indigenous rights and geopolitics. In the past he acted as an advisor to OurCrowd's director of investment community as well as having consulted a variety of fintech and equity level crowdfunding platforms.
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