The Climate Investment Coalition (CIC) has been established by the Government of Denmark, Insurance & Pension Denmark, the Institutional Investor Group on Climate Change (IIGCC) and World Climate Foundation as the leading global public-private partnership mobilising ambitious financial investments towards clean energy and climate solutions now and in the coming decade. As global economies come to terms with the significant impact of the pandemic, CIC will also promote green economic regeneration strategies for a post-pandemic economic recovery that ensures climate remains at the forefront of the global agenda and prioritises a just and green energy transition.
CIC is also working closely with institutional investors to share best practice business models, and with governments to share and scale best practice framework conditions to attract finance across geographies. A pledge tracking mechanism will be developed to monitor the allocation and use of the gathered commitments and ensure their impact on the real economy.
The Coalition builds on the 50 billion USD commitment by Danish pension funds towards green investments at Climate Action Summit in September 2019. Through working with the required network of stakeholders including asset owners, asset managers, developers, energy companies, technology providers, governments and international organisations, the Coalition will mobilise transformational financial commitments in order to significantly impact the global climate emergency.