New investment coalition launched for green infrastructure

A group of international investors, development banks and NGOs has announced the formation of a GreenInfrastructure Investment Coalition (GIIC) at the COP21 Conference in Paris.

The aim of the GIIC is to support the financing of a rapid transition to a low-carbon and climate resilient economy.

The Coalition will bring together key actors in the financial system via investor-government global and regional dialogues to promote green infrastructure investment opportunities. 

Its founding members include the Climate Bonds Initiative, the Principles for Responsible Investment, UNEP Inquiry and the International Cooperative Mutual Insurance Federation (ICMIF).  

Other organisations that have already committed to joining the coalition include Deutsche Bank and European Investment Bank.

“Markets need to move towards shifting more capital into green infrastructure projects,” said Climate Bonds CEO, Sean Kidney.

“We want long term investors, development banks and governments all looking at what’s currently in the green infrastructure pipelines, what should be in those pipelines and working together on investment models and timescales that help accelerate builds and projects across energy, transport, water and other key sectors.” 

PRI Managing Director Fiona Reynolds added: "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.”

Jamie Hailstone is a freelance journalist and author, specializing in local government, transport and energy issues