A landmark US$130 billion announced at COP26 in commitments to be invested in climate before 2030

- To reflect the truly public-private nature of the partnership, the commitment was announced by seven Heads of Government and State & seven Pension Fund CEOs with support from the Nordic Council of Ministers

Bo Foged, CEO, ATP & Kent Damsgaard, CEO, Insurance & Pension Denmark

The Climate Investment Coalition (CIC) works to make global finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

 

In 2021, with support from the Nordic Council of Ministers, the CIC convened leading institutional investors, governments and stakeholders in climate finance to mobilise a collective commitment of US$130 billion from Nordic and UK pension funds to be invested in climate solutions by 2030. As part of this commitment, pension funds will report annually on the progress of their climate investments. Nordic Heads of Government and State were present at the announcement at COP26.

Commitments for Climate Investment by 2030

The US$130 billion committed towards climate solution investments by 2030 is made by leading covers pledges from Danish, Nordic and UK asset owners. A key criterion for membership of the Coalition is the annual reporting to ensure that the financial commitments will be converted into actual investments. The reporting done until now reveals strong progress. 

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Key Focus Areas in 2022

The work of the Climate Investment Coalition continues on an international scale.

Investment Roadmap to COP27

Engage with governments, investors, business and civil society to mobilise climate finance and solutions in green investments to reach 2030 climate targets and support the net-zero transition.

Mobilise & Report on Climate Investments Globally

Stimulate Green Investments in Emerging Markets & Developing Economies

Accelerate Deployment of Climate Capital through Best Practice Models and Partnerships

Create Cross-Sector Investment Partnerships through Stakeholder Convening

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Climate Investment Summit 2022

This year, Climate Investment Summit convened the Climate Investment Coalition’s leading network of public and private sector stakeholders in climate finance.

The Summit showcased the international wave of ready-to-invest climate investments, successful investment cases across sectors and geographies and key announcements supporting the net-zero transition.

The Summit took place on 28 June as a flagship event of London Climate Action Week at London Stock Exchange at a crucial halfway point between a historical COP26 and a pivotal upcoming COP27.

Key Activities

Climate

Investment

Coalition

Works to catalyse real and systemic impact to the real economy by mobilising commitments from institutional investors to global climate solution investments made by 2030.

Reporting

 CIC requires every committing member to provide an annual reporting on their commitments, to track the allocation and use of commitments towards 2030. 

Climate

Investment

Summit

A global platform that convenes public and private stakeholders to influence the climate finance agenda through scalable and actionable best practice business models, enabling framework conditions and successful strategies in climate finance and sustainable investing.

Roadmap to 
COP27

A Roadmap of high-level convening, announcement platforms and milestones leading to COP27 in Sharm el-Sheikh, COP28 in Dubai and beyond.

Best Practice

 Share and inspire successful models in green business, finance and policy to scale best practices globally.

Background

In 2020, the Climate Investment Coalition engaged with Nordic, European and UK governments and institutional investors to increase green investments to achieve the net-zero transition. A process to mobilise commitments in the Nordics was launched in October 2020 together with Nordic pension fund CEOs at a Prime Minister’s meeting (N8) where Nordic leaders also announced their intent to encourage Nordic institutional investors to scale-up green finance and investments towards 2030.

 

The Climate Investment Coalition was established on the back of Danish pension funds’ 2019 conditional commitment of USD 55 billion towards clean energy and climate-related investments by 2030, announced at the UN Secretary General’s Climate Action Summit, by the Government of Denmark; Insurance and Pension Denmark; the Institutional Investors Group on Climate Change (IIGCC) and World Climate Foundation. 

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