Ai and Global investors issue Heads of State Call to Action at COP28

Ai and Global investors issue Heads of State Call to Action at COP28

Announced during the Leaders Summit at COP28 in Dubai, with the goal of fighting climate change and delivering on the Sustainable Development Goals announced, Africa investor and 9 other institutional investments organisations—representing over $100trn of assets management and advisement—jointly issued a Call to Action to Scale Private Capital Mobilization to Heads of State, policymakers and multilateral development bank (MDB) officials.

The Call to Action highlighted and proposed solutions to a number of key impediments to significantly increasing private capital mobilization in Africa, emerging markets and developing countries to overcome the identified barriers, the Call to Action provides solutions to:

• Improve bankable deal flow;
• Address longstanding risks and investment barriers;
• Ensure “additionality” of MDB financing; and
• Improve data transparency and risk assessments.

The full list of organisations that support the Call to Action include: Africa Investor, Convergence, the Glasgow Financial Alliance for Net Zero (GFANZ) Capital Mobilization Workstream, Global Investors for Sustainable Development (GISD) Alliance, Institutional Investors Group on Climate Change (IIGCC), the Investor Leadership Network (ILN), Sustainable Markets Initiative Blended Finance Task Force (SMI), GI Hub Private Sector Advisory Council (GI Hub), the UN-Convened Net-Zero Asset Owner Alliance, and the Net-Zero Banking Alliance.

Commenting on the Call to Action from COP28 in Dubai, Dr Hubert Danso, CEO and Chairman, Africa investor (Ai) Group, said “We look forward to working with African Heads of State and the institutional investment community commanding over $100trn, to Scale Private Capital Mobilization to Africa through institutional-investor-public partnerships (IIPPs), to build trust, address perceived perceptions of risk and unequivocally establish African green industrial infrastructure as an investable asset class”

Download the Call to Action here.

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Read on how Africa investor is combating Climate Change

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