Green Infrastructure Investment Coalition launched at COP21
The PRI is amongst an alliance of global investors, development banks, financial sector associations and NGOs that has formed the Green Infrastructure Investment Coalition, launched at the COP21 Conference in Paris. Government agencies, international asset managers, owners & development agencies have been invited 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.
PRI’s members are committed to responsible investment– and that includes seeking investments that support the long-term sustainability of their portfolios. Investments that address climate change are exactly that. We encourage all governments to identify and prioritise the development of specific low carbon, resilient infrastructure projects, ready for institutional investor funding.”
Foundation members are the Climate Bonds Initiative, the Principles for Responsible Investment, UNEP Inquiry and the International Cooperative Mutual Insurers 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)
- Investor Group on Climate Change (Australasia)
More details are available on the Green Infrastructure Investment Coalition fact sheet.