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Green Infrastructure Investment Coalition launches at COP21

An alliance of global investors, development banks, financial sector associations & NGOs has announced the formation of a GreenInfrastructure Investment Coalition at the COP21 Conference in Paris.

The founders have invited government agencies, international asset managers, owners & development agencies to join and work more closely on promoting large scale development and financing of green infrastructure.
 
The aim of the Green Infrastructure Investment Coalition (GIIC) is to support the financing of a rapid transition to a low-carbon and climate resilient economy.
 
The Green Infrastructure Investment Coalition will bring together key actors in the financial system via investor-government global and regional dialogues to promote green infrastructure investment opportunities. The GIIC agenda will include examining barriers to capital flows, identifying forward infrastructure pipelines and facilitating greater capital market participation in green infrastructure development and financing.
 
Foundation members are the Climate Bonds Initiative, the Principles for Responsible Investment, UNEP Inquiry and the International Cooperative Mutual Insurance Federation (ICMIF).  
 
A mix of other organisations have already committed to joining the coalition including: Alliance Bernstein (AB), Ceres (USA), Deutsche Bank, European Investment Bank, Federation of Indian Chambers of Commerce and Industry (FICCI), IDBI Bank (Indian development bank), India Export-Import Bank, National Institute of Public Finance & Policy India, Legal & General Investment Management, PAX World Management and French asset manager Mirova, Regions20 Coalition, Institutional Investor Group on Climate Change (Europe), and Investor Group on Climate Change (Australasia).  
 
Climate Bonds CEO Sean Kidney (pictured), says: “Markets need to move towards shifting more capital into green infrastructure projects. We want long term investors, development banks and governments all looking at what’s currently in the green infrastructure pipelines, what should be in those pipelines and working together on investment models and timescales that help accelerate builds and projects across energy, transport, water and other key sectors.” 

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