Mobilising Capital towards a Sustainable and Low-Carbon Economy in Africa.
With renewed commitments to combat climate change, institutional investors whose assets under management are expected to rise from $93 trillion to $140 trillion 2019, are increasingly demanding green projects and are looking to developing countries where climate-smart investments are most needed for long-term assets, high returns and positive impact.
In Africa, combating climate change requires substantial funding and addressing the existing mismatch between projects, bonds and institutional investors. In fact, the UNFCCC estimates that about $1 trillion is needed for both climate mitigation and adaptation financing, and as a number of regulators and governments are already looking with keen interest at green bonds as a promising tool for funding their transition to a low-carbon economy, engaging institutional investors to explore the investment opportunities is thus, urgently needed to close the existing gaps and achieve a greener Africa.
The Africa Green Bonds Summit will bring together the market participants to:
- Explore the latest developments, potentials and challenges in Africa’s green bond market.
- Examine the risks and key risk management strategies; then
- Facilitate investments to LCR projects by connecting investors and third-opinion firm with issuers and decision makers.
Congratulations for the Impact Investing in Africa forum yesterday. It was an outstanding event!
– Pierrick Paindavoine, Director, Impact Investing Fund, Louis Dreyfus Commodities