On June 26, Finance and Environment Ministries launched the first phase of the Climate Finance Accelerator in collaboration with a group of private actors.
This accelerator is intented to create the necessary structures that support climate finance by offering support to innovative investment fund managers who wish to invest in efficient projects with measurable impact in the fight against climate change.
The idea originated from the initiative of the Government and a group of private organizations (LMDF, EY, Arendt & Medernach, Elvinger Hoss Prussen, Innpact, Deloitte, KPMG and PwC) and as part of Climate Finance Task Force, a think tank that promotes innovative concepts and strategic alliances in the financing of the fight against climate change.
"We have a strong expertise in terms of structuring funds and supporting small managers, and it seems logical to put this expertise to the advantage of innovative and promising fund initiators, to enable them to create their project in the best conditions, in a regulated and secure environment for their investors, and give these projects the best chance of success, " notes Corinne Molitor from Innpact, coordinator of the working group.
A call for applications will shortly be launched to select the first four fund managers to benefit from the first phase of support. An initiative to support the Global Plan of Action for the Implementation of the Paris Agreement.