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The Overlapping Impacts of Off-Grid Solar: Four Ways Innovative Funding Can Enable the Sector to Advance Global Climate and Poverty Goals
How can the off-grid solar sector achieve its energy access and climate-related goals? Laura Fortes and Drew Corbyn at GOGLA argue that there’s one clear answer to that question: more and better finance. They discuss four ways innovative funding models can enable the sector to rapidly and radically accelerate progress toward universal energy access and other development goals.
- Categories
- Energy, Environment, Investing, Technology
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Press Release: IFC Invests in Cote d’Ivoire Fund to Boost Growth of SMEs in West, Central Africa
IFC's support includes an equity investment of up to €7.5 million from IFC's SME Ventures program and an additional €7.5 million from the Blended Finance Facility of the International Development Association's Private Sector Window.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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British International Investment Makes First Investment in Development Impact Bonds
The Fund uses an innovative blended finance structure to invest in impact bonds and similar outcomes-based contracts that support the UN Sustainable Development Goals.
- Categories
- Investing
- Region
- Global
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Press Release: BII and U.S. DFC Invest in SDG Blended Finance Initiative Led by UBS Optimus Foundation and Bridges Outcomes Partnerships
SDG Outcomes initiative has so far invested in three high impact educational and environmental programs in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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South Africa Launches $1 Billion Dedicated Green Hydrogen Fund
SA-H2 is the second-of-its-kind, blended finance fund for African green hydrogen projects.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
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A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems
As of 2020, the annual SDG financing gap for developing countries stood at $4.2 trillion — up from $2.5 trillion pre-pandemic. And according to Chris Clubb at Convergence Blended Finance, though private capital is crucial to closing this gap, the $240 billion in annual public development finance only mobilizes around $44 billion in private investment, which covers just 1% of these countries' climate and SDG investment needs. He explores the core elements of Convergence's Action Plan for Climate and SDG Investment Mobilization, which shows how a small amount of public and philanthropic funding can catalyze private investment to more than double total climate and SDG financing in developing economies.
- Categories
- Environment, Investing
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Press Release: Miller Center & AlphaMundi Foundation Partner to Accelerate Scaling for High-Performing Enterprises
The partnership builds on AMF’s expertise in gender and climate investing to provide structured blended finance products to scale small-to-medium enterprises (SMEs) in Africa and Latin America,
- Categories
- Education, Environment, Social Enterprise
- Region
- Global
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Mirova Raises $171 Million at First Closing of Gigaton Fund 1 To Support Clean Energy Transition in Emerging Markets
Blended finance debt fund aims to accelerate clean energy transition in emerging markets.
- Categories
- Finance
- Region
- Global