Development banks must shoulder more risks to mobilise climate transition in emerging markets, say asset owners

Blended finance is key to plug climate financing shortfalls in emerging economies, new paper argues

Development banks should “take on much higher risks” to make climate-aligned investments in emerging markets more attractive to big investors, the UN-convened Net Zero Asset Owner Alliance (AOA) has said today.   

The group, whose members include major pension funds like La Caisse…

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