Private Sector Considerations for Policymakers

SOURCE: Bloomberg

DESCRIPTION:

November 11, 2020 /3BL Media/ - The Climate Finance Leadership Initiative (CFLI), in partnership with the Association of European Development Finance Institutions (EDFI) and the Global Infrastructure Facility (GIF), are working to identify discrete hurdles to climate finance in emerging markets; support public-private dialogue around those challenges; and highlight ways for the financial sector to help strengthen investment conditions.

Today, they released a collaborative working paper – called “Private Sector Considerations for Policymakers” – drafted with the input of experienced lenders and investors. It is now open for comments from perse stakeholders across business, government, and civil society to ensure that this document accurately reflects the most critical considerations for attracting private climate finance in emerging markets.

Mike Bloomberg, who serves as Chair of CFLI, said:

“As the COVID-19 pandemic continues to take a devastating toll around the world, the work that countries are doing to rebuild their economies also presents an unprecedented opportunity to accelerate our progress fighting climate change – including in the emerging markets that are most vulnerable to its effects.

“The more we do to improve investment conditions in those markets, the more private capital we can mobilize towards projects that cut carbon emissions, grow the economy, and build resilience. The financial community has an important role to play, by actively supporting policy changes that attract investment in low-carbon projects and businesses in those markets.”

You can learn more about the Climate Finance Leadership Initiative and the working paper here.

Tweet me: The Climate Finance Leadership Initiative is helping emerging markets put climate finance at the heart of their recovery strategies. Today, it announced a set of Private Sector Considerations for Policymakers and an invitation for comments. @bloomberg https://bit.ly/2IuFHKR

KEYWORDS: cfli, Bloomberg, Climate Finance

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