The Climate Finance Leadership Initiative (CFLI) was formed last year, by Michael R. Bloomberg at the request of the United Nations Secretary-General António Guterres, to let leading companies discuss ways to free and scale private capital for climate solutions.
Now, in partnership with the Association of European Development Finance Institutions (EDFI) and the Global Infrastructure Facility (GIF), CFLI released a working paper to promote an easier investment environment. To that end, CFLI is: Inviting feedback on the working paper from diverse stakeholders across business, government, and civil society.
The consultation period is open until Jan. 15. Submission instructions are on page 5 of the working paper, which is linked above.
The working paper’s opening statement eludes to the pandemic creating opportunity:
In the recovery from COVID-19, private investors, lenders, and developers see a powerful opportunity to accelerate investment in the transition to low-carbon economies in emerging markets. Public finance institutions are actively engaged with policymakers on policy adjustments to attract greater private climate finance, yet thus far a clear and unified private finance voice has been absent from the conversation.
Members of the CFLI include Allianz Global Investors, AXA, Bloomberg, Enel, Goldman Sachs, Japan’s Government Pension Investment Fund (GPIF), HSBC, and Macquarie.