{"id":29648,"date":"2016-04-14T10:58:34","date_gmt":"2016-04-14T09:58:34","guid":{"rendered":"http:\/\/www.climatechangenews.com\/?p=29648"},"modified":"2016-04-14T19:15:33","modified_gmt":"2016-04-14T18:15:33","slug":"development-banks-eye-pension-funds-in-new-climate-finance-drive","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/","title":{"rendered":"Development banks eye pension funds in new climate finance drive"},"content":{"rendered":"

Leading development banks are seeking to tap into the vast assets run by pension and fund managers as they try to ramp up low carbon investments in emerging markets.<\/strong><\/p>\n

Demand for clean energy, transport and infrastructure solutions in developing countries is soaring, the head of the World Bank-affiliated Climate Investment Funds (CIFs) told Climate Home.<\/p>\n

Since last December\u2019s UN climate deal in Paris the CIFs had \u201cmore countries expressing interest than we could accommodate,\u201d said Mafalda Duarte.<\/p>\n

Launched in 2009 and backed by five of the world\u2019s largest development banks, the $8.3 billion CIFs<\/a> support projects to protect forests and boost clean technology, renewables and climate resilience.<\/p>\n

But with major donor countries unwilling to dig deeper and an estimated $3.5 trillion needed by 2030 to implement climate plans in developing countries, banks are looking elsewhere for support.<\/p>\n

\u201cWe have started to have discussions with some pension funds,\u201d said Duarte.<\/p>\n

\u201cThey are quite risk averse, but what they have told me is they do want to expose themselves more but are having a hard time finding the right [investment] vehicles.\u201d<\/p>\n

Report:<\/strong>\u00a0Prince Charles urges \u2018ethical investment\u2019 of pension funds
\n<\/a>R<\/strong>eport:<\/strong>\u00a0Bloomberg climate risk initiative targets secret polluters<\/a><\/p><\/blockquote>\n

Long a target for climate campaigners who have urged them to ditch fossil fuels holdings, the world\u2019s pension fund managers sit on assets worth $35.4 trillion, according to 2015 figures<\/a>.<\/p>\n

In theory developing countries are a ripe opportunity for green-tinged investors.<\/p>\n

For the world to avoid dangerous levels of global warming, experts say new cities across Africa, Asia and Latin America must maximise efficiency<\/a> and minimise energy and water use.<\/p>\n

With the global population expected to grow 2 billion by 2050, roads, railways, ports, waste and telecommunication facilities valued at $90 trillion<\/a> need to be constructed in coming decades.<\/p>\n

But weak governance and a lack of policy stability make many countries too volatile for pension managers, who look for stable investments that can pay dividends for decades.<\/p>\n

Analysis:\u00a0<\/strong>City slickers eye up growing climate finance sector<\/a><\/p><\/blockquote>\n

According to one investment\u00a0analyst, specialist emerging markets infrastructure funds \u201chave a lot of dry powder\u201d due to a dearth of bankable projects.<\/p>\n

Given many institutional investors already backing the fast-growing green bond market, Duarte said the CIFs are \u201cworking on a vehicle\u201d to allow them to invest in higher risk developing countries.<\/p>\n

Kenya, Egypt, Morocco and South Africa were all calling for more support to develop their clean energy plans, but needed easier access to low cost capital, said Duarte.<\/p>\n

The projected growth of the Green Climate Fund<\/a>, which was chosen by the UN to \u201cserve\u201d last year\u2019s Paris climate deal<\/a>, means the CIFs need to be more \u201ccreative\u201d over funding sources, she added.<\/p>\n

\u201cHow do we go on this mission without going back to [donor] countries and ask for big amounts of public finance?<\/p>\n

\u201cI think that\u2019s the direction we are moving towards. We are looking at how to maximise out use of assets, and structure vehicles that will become self-sustaining.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors","protected":false},"author":2,"featured_media":29653,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3863,208,3650,90],"tags":[],"coauthors":[],"class_list":["post-29648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-climate-finance","category-green-bonds","category-green-climate-fund","type-interview"],"acf":[],"yoast_head":"\nDevelopment banks eye pension funds in new climate finance drive<\/title>\n<meta name=\"description\" content=\"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development banks eye pension funds in new climate finance drive\" \/>\n<meta property=\"og:description\" content=\"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate Home News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ClimateHomeNews\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-14T09:58:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-04-14T18:15:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ed King\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@edking_CH\" \/>\n<meta name=\"twitter:site\" content=\"@ClimateHome\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ed King\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\"},\"author\":{\"name\":\"Ed King\",\"@id\":\"https:\/\/www.climatechangenews.com\/#\/schema\/person\/ec9c3a21c11ce2b1103f36e21753723c\"},\"headline\":\"Development banks eye pension funds in new climate finance drive\",\"datePublished\":\"2016-04-14T09:58:34+00:00\",\"dateModified\":\"2016-04-14T18:15:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\"},\"wordCount\":502,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.climatechangenews.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg\",\"articleSection\":[\"Climate finance\",\"Climate finance\",\"Green bonds\",\"Green Climate Fund\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\",\"url\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\",\"name\":\"Development banks eye pension funds in new climate finance drive\",\"isPartOf\":{\"@id\":\"https:\/\/www.climatechangenews.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg\",\"datePublished\":\"2016-04-14T09:58:34+00:00\",\"dateModified\":\"2016-04-14T18:15:33+00:00\",\"description\":\"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors\",\"breadcrumb\":{\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage\",\"url\":\"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg\",\"contentUrl\":\"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg\",\"width\":800,\"height\":450,\"caption\":\"Manila, Philippines (Pic: travel oriented\/Flickr)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.climatechangenews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Development banks eye pension funds in new climate finance drive\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.climatechangenews.com\/#website\",\"url\":\"https:\/\/www.climatechangenews.com\/\",\"name\":\"Climate Home News\",\"description\":\"Climate change news, analysis, commentary, video and podcasts focused on developments in global climate politics\",\"publisher\":{\"@id\":\"https:\/\/www.climatechangenews.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.climatechangenews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.climatechangenews.com\/#organization\",\"name\":\"Climate Home News\",\"url\":\"https:\/\/www.climatechangenews.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.climatechangenews.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cdn.climatechangenews.com\/files\/2024\/01\/03155729\/Climate-Home-News-Logo-RGB-Colour.png\",\"contentUrl\":\"https:\/\/cdn.climatechangenews.com\/files\/2024\/01\/03155729\/Climate-Home-News-Logo-RGB-Colour.png\",\"width\":2856,\"height\":862,\"caption\":\"Climate Home News\"},\"image\":{\"@id\":\"https:\/\/www.climatechangenews.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ClimateHomeNews\/\",\"https:\/\/x.com\/ClimateHome\",\"https:\/\/www.linkedin.com\/company\/climate-home-news\",\"https:\/\/www.youtube.com\/user\/climatestudio\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.climatechangenews.com\/#\/schema\/person\/ec9c3a21c11ce2b1103f36e21753723c\",\"name\":\"Ed King\",\"description\":\"Ed previously worked as a Producer on BBC Radio 5 Live. He holds an MA in International Studies and Diplomacy from the London School of Oriental and African Studies, specialising in global energy and climate policy.\",\"sameAs\":[\"http:\/\/www.climatechangenews.com\/author\/edward\",\"https:\/\/x.com\/edking_CH\"],\"url\":\"https:\/\/www.climatechangenews.com\/author\/edward\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Development banks eye pension funds in new climate finance drive","description":"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/","og_locale":"en_GB","og_type":"article","og_title":"Development banks eye pension funds in new climate finance drive","og_description":"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors","og_url":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/","og_site_name":"Climate Home News","article_publisher":"https:\/\/www.facebook.com\/ClimateHomeNews\/","article_published_time":"2016-04-14T09:58:34+00:00","article_modified_time":"2016-04-14T18:15:33+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg","type":"image\/jpeg"}],"author":"Ed King","twitter_card":"summary_large_image","twitter_creator":"@edking_CH","twitter_site":"@ClimateHome","twitter_misc":{"Written by":"Ed King","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#article","isPartOf":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/"},"author":{"name":"Ed King","@id":"https:\/\/www.climatechangenews.com\/#\/schema\/person\/ec9c3a21c11ce2b1103f36e21753723c"},"headline":"Development banks eye pension funds in new climate finance drive","datePublished":"2016-04-14T09:58:34+00:00","dateModified":"2016-04-14T18:15:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/"},"wordCount":502,"commentCount":0,"publisher":{"@id":"https:\/\/www.climatechangenews.com\/#organization"},"image":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg","articleSection":["Climate finance","Climate finance","Green bonds","Green Climate Fund"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/","url":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/","name":"Development banks eye pension funds in new climate finance drive","isPartOf":{"@id":"https:\/\/www.climatechangenews.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage"},"image":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg","datePublished":"2016-04-14T09:58:34+00:00","dateModified":"2016-04-14T18:15:33+00:00","description":"Manager of Climate Investment Funds says it wants to de-risk low carbon projects in developing world, unlocking trillions from institutional investors","breadcrumb":{"@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#primaryimage","url":"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg","contentUrl":"https:\/\/cdn.climatechangenews.com\/files\/2016\/04\/Manila_Tondo_Flickr_800.jpg","width":800,"height":450,"caption":"Manila, Philippines (Pic: travel oriented\/Flickr)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.climatechangenews.com\/2016\/04\/14\/development-banks-eye-pension-funds-in-new-climate-finance-drive\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.climatechangenews.com\/"},{"@type":"ListItem","position":2,"name":"Development banks eye pension funds in new climate finance drive"}]},{"@type":"WebSite","@id":"https:\/\/www.climatechangenews.com\/#website","url":"https:\/\/www.climatechangenews.com\/","name":"Climate Home News","description":"Climate change news, analysis, commentary, video and podcasts focused on developments in global climate politics","publisher":{"@id":"https:\/\/www.climatechangenews.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.climatechangenews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.climatechangenews.com\/#organization","name":"Climate Home News","url":"https:\/\/www.climatechangenews.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.climatechangenews.com\/#\/schema\/logo\/image\/","url":"https:\/\/cdn.climatechangenews.com\/files\/2024\/01\/03155729\/Climate-Home-News-Logo-RGB-Colour.png","contentUrl":"https:\/\/cdn.climatechangenews.com\/files\/2024\/01\/03155729\/Climate-Home-News-Logo-RGB-Colour.png","width":2856,"height":862,"caption":"Climate Home News"},"image":{"@id":"https:\/\/www.climatechangenews.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ClimateHomeNews\/","https:\/\/x.com\/ClimateHome","https:\/\/www.linkedin.com\/company\/climate-home-news","https:\/\/www.youtube.com\/user\/climatestudio"]},{"@type":"Person","@id":"https:\/\/www.climatechangenews.com\/#\/schema\/person\/ec9c3a21c11ce2b1103f36e21753723c","name":"Ed King","description":"Ed previously worked as a Producer on BBC Radio 5 Live. He holds an MA in International Studies and Diplomacy from the London School of Oriental and African Studies, specialising in global energy and climate policy.","sameAs":["http:\/\/www.climatechangenews.com\/author\/edward","https:\/\/x.com\/edking_CH"],"url":"https:\/\/www.climatechangenews.com\/author\/edward\/"}]}},"_links":{"self":[{"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/posts\/29648"}],"collection":[{"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/comments?post=29648"}],"version-history":[{"count":0,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/posts\/29648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/media\/29653"}],"wp:attachment":[{"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/media?parent=29648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/categories?post=29648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/tags?post=29648"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.climatechangenews.com\/wp-json\/wp\/v2\/coauthors?post=29648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}