Reported about 4 hours ago
The $12 billion Climate Investment Funds (CIF), part of the World Bank, is set to issue approximately $500 million in bonds as it seeks to access capital markets for the first time, amidst insufficient government financing to combat climate change. The initiative aims to attract private investment in renewable energy and technology in developing countries within the next decade, responding to recent global agreements that call for increased climate finance. CIF’s new approach is anticipated to create significant multiplier effects on capital mobilization, potentially reaching 25 times the original investment.
Source: YAHOO