The Climate Investment Coalition is the leading global public-private partnership that mobilises ambitious green financial investments
The Climate Investment Coalition (CIC) has been established by the Government of Denmark, Insurance & Pension Denmark, the Institutional Investors 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.
The Climate Investment Coalition takes a public and private sector approach to mobilise ambitious financial investments towards clean energy and climate solutions in the coming decade, to help strengthen a green recovery and reach the goals of the Paris Agreement.
The Climate Investment Coalition also works closely with institutional investors to share information on best practice business models and with governments to share and scale best practice framework conditions to attract finance across developed and emerging markets. Commitments are tracked to monitor the allocation and use of the gathered commitments and ensure their impact on the real economy.
The Coalition is building on the US$55 billion 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 is mobilising transformational financial commitments to significantly impact the global climate emergency. In 2022, the Climate Investment Coalition is continuing its mobilisation of financial commitments through an investment roadmap to COP27.
2019: US$55 billion commitment to green investments in clean energy made by Danish pension funds, to be invested by 2030 and reported on annually
2021: US$130 billion collective commitment announced at COP26 from pension funds in Denmark, Norway, Sweden, Finland, Iceland, the Faroe Islands and the UK to be invested by 2030 and reported on annually
2022: Continued outreach and commitments for climate investments by 2030 from UK, EU, US and other
Objectives & Activities
The Coalition aims to engage the public and private sector to accelerate the short-to-medium-term investments needed to achieve the goals of the Paris Agreement and net-zero transition. This is done through the following activities:
Impacts the real economy by mobilising financial investments towards green projects globally by 2030
Tracks the allocation & use of commitments to ensure their impact on the real economy
Influences the global climate finance agenda through best practice business models, enabling framework conditions & strategies for climate finance & investing
A Roadmap of key digital events & milestones leading to COP27 in Sharm el-Sheikh and beyond
Founding Partners of the Climate Investment Coalition
The Ministry of Climate, Energy and Utilities, works towards the Danish Government's target of 70 per cent reduction of greenhouse gases in Denmark by 2030 and the visionary green leadership both at home and abroad. It is a work that crosses many ministerial areas - and it is a work that is characterised by positive energy, social responsibility and meaning every day.
The Institutional Investors Group on Climate Change (IIGCC) is the European membership body for investor collaboration on climate change and the voice of investors taking action for a prosperous, low carbon future. IIGCC has more than 230 members, mainly pension funds and asset managers, across 15 countries, with over €30 trillion in assets under management.
Insurance & Pension Denmark (IPD) is the voice of the Danish insurance companies and pension funds, representing 92 insurance companies and pension funds operating in the Danish market. The Danish pension funds hold more than Euro 400 billion in investments in Denmark and abroad. The total pension savings in Denmark is equivalent to 144 per cent of the national gross domestic product.