July 2022

Blended Finance to Catalyse Real Impact

Blended Finance Picture

Our colleagues Margaret Kim and Felicity Spors from Gold Standard reflect on how “Blended Finance Schemes Are Catalysing Real Impacts in Sustainable Development” in an article initially published in Sustainable Brands in July 2022.

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Blended finance is a structuring of concessional (“first loss”) public or philanthropic capital that expects lower rates of return with conventional private capital to support sustainable development. This tool can be especially powerful in emerging economies where execution risk may be higher than what is acceptable to conventional finance sources alone. Public and private capital can be combined in different ways in “special purpose vehicles”, which may also include a purely philanthropic grant, or a loan component added to blended equity investments to provide technical assistance for enhancing the bankability of projects and investments.

 

Real impact or safety net for investors?

 

Critiques have been raised towards blended finance, suggesting, that it provides subsidies to business with little transparency on what has been achieved. These critiques are important. The blended finance community should take note and assess how effectively blended finance vehicles drive real change that would not otherwise happen, resulting in meaningful contributions to sustainable development.

 

Click here to continue the article: SCF Thought Leadership- July 2022 (2)

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6 to 8 September Quito

SCF Latin America and the Caribbean Regional Workshop: “Investing in sustainable subnational solutions for climate, nature, and people”

Quito Pedroszekely

Spanish version

Portuguese Version

The SCF regional workshop “Investing in sustainable subnational solutions for climate, nature, and people” for Latin America is organized by SCF partners as part of the capacity-building program.

 

This event will bring together key actors of the SCF initiative in Latin America and the Caribbean to build capacity, strengthen the enabling environment for sustainable finance of climate resilient infrastructure and nature-based solutions and offer exchange of information and networking opportunities for regional actors.

 

The Program

Day 1: Regional Investment Priorities will provide an opportunity for learning and exchange about the regional and local priorities for sustainable investment from the SCF champions – from both public and private sectors and present solutions offered by SCF.

Day 2: Investability and Technical Solutions is designed to increase the capacity of project developers and technical experts to prepare commercial and high-impact and high-integrity investment proposals through interactive content in the form of lectures, workshops, and learning assignments.

Day 3: Partners Showcase will provide technical and financial partners/stakeholders opportunity to showcase their solutions that complement SCF goals.

Program available here

 

Registration

The event will be held both in person and virtually. We invite to pre-register for the event here. Due to the limited in-person space and the approval of the registered participants will be done by the event organizer. The pre-registration for in-person attendance will remain open until August 20.

 

Limited financial support for in person participation will be considered on a case-by-case basis. In case you require financial support, please register before August 15, 2022.

 

Who is this workshop for?

  • National and subnational authorities – who can exchange experiences and priorities for shaping their subnational policies on climate change adaptation and mitigation and support the achievement of the SDGs though enabling conditions for the sustainable finance of high-impact investments.
  • Project developers – who can enhance their capacities to develop bankable, high-impact, sustainable projects and to identify financing opportunities.
  • Financial institutions – who can showcase complementary solutions to the SCF and construct collaboration for financing sustainable projects.

 

Do not miss the opportunity to be part of this regional event bringing together champions and key players in sustainable and green finance!  

 

Similar regional events will be taking place in the Mediterranean, Africa, and Asia. They will be a part of a continuous effort to engage the regional stakeholders through the Technical Assistance Facility of the SCF for capacity building over several years.

 

 

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28 March 2022

Regional Training Webinars on SCF Projects Submission Portal

News Regional 28 March

The SCF Technical Assistance ( SCF TA) team organized four regional webinars per SCF region to present the project submission platform as follows : 

  • Mediterranean – Balkans : 24 February 2022 (10:00 CET)
  • Africa : 01 March 2022 (09:00 CET)
  • Asia Pacific : 09 March 2022 (09:00 CET)
  • Latin America – Caribbean : 15 March 2022 (13:00 CET)

 

National Designated Authorities (NDAs), IUCN representatives and nominees by NDAs in SCF countries have been invited to participate with the following Agenda : 

  • Welcoming remarks and introduction to SCF Initiative, Technical Assistance (SCF TA)
  • SCF Project cycle (+video) 
  • SCF Project Submission Portal (Online demonstration + Video
  • Q&A Session
  • Closing remarks

 

This SCF TA capacity building activity meant to reach the following objectives:

  • Support project proponents/developers from eligible SCF countries to prepare and submit eligible project proposals online;
  • Get project proponents/developers from eligible SCF countries familiarized with online submission process and requirements, in particular eligibility and exclusion criteria;
  • Share experiences through current ongoing SCF project submission cycle/activities.

 

 

 

 

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SCF partners with Safe Haven Solutions and Producers Market to develop AgriHaven agricultural parks globally

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As part of the ‘Carbon Negative Food Systems Hold the Key to a Sustainable Planet’ COP26 side event, the global Subnational Climate Finance (SCF) initiative has entered into an exclusive partnership with agricultural park developer, Safe Haven Solutions, and Producers Market in efforts to finance the construction of scaled agricultural parks in Jamaica and beyond. The event featured keynotes from Yannick Glemarec, Executive Director of the Green Climate Fund (GFC), Craig Cogut (Pegasus Capital Advisor), and others, and showcase AgriPark – a scaled model for climate change mitigation and adaptation in developing nations through an eco-industrial model of carbon-neutral agriculture and food industry development.

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During COP26, Founder & CEO of Pegasus Capital Advisors, Craig Cogut, and Arlette Soudan-Nonault, Minister of Environment, Sustainable Development and the Congo Basin, signed a non-binding Memorandum of Understanding to explore co-investment opportunities sourced by the Subnational Climate Fund (SCF) in eligible countries with the goal of pursuing investments in 2022.

 

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During COP26, SCF representatives participated in panel discussion focused on mobilizing private sector capital for climate action. The event showcased the Subnational Climate Fund (SCF) which seeks to invest in low-carbon and climate resilient infrastructure in developing countries and the Global Fund for Coral Reefs (GFCR) which aims to invest in ocean-based mitigation and adaptation projects that benefit coral reef resilience.

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Engaging private sector actions and investments

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Bringing blended finance for subnational authorities in emerging markets

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During an event at the Multilevel Action Pavilion, Pegasus Capital Advisors has been awarded with the Climate Positive Award 2021 by the Green Cross UK for its track record and leadership at the forefront of environmental and climate action.

In addition to the announcement, Founder & CEO of Pegasus, Craig Cogut, discussed with Minna Epps, Director of Global Marine and Polar Programme at IUCN, and Alejandro Guerrero, CEO of Lockton Argentina & Uruguay, the importance of blended finance instruments such as the Subnational Climate Fund (SCF) to accelerate local action for a sustainable future.

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