“An investor-led consortium has pledged a three-year deal to accelerate pension fund and institutional investments in sustainable infrastructure and the energy transition.
The Investor Leadership Network (ILN) has the buy-in of the United States Treasury, The Rockefeller Foundation, and the Sustainable Markets Initiative to broaden and deepen private sector financing in emerging and developing economies.
The initiative is focused on increasing access to data and developing mechanisms to spur investments in key sectors and countries, and is set to include co-investing with multilateral development banks. The ILN said it will set up a working group in time for COP28, the 28th United Nations Climate Change conference scheduled to be held in Dubai at the end of this year.”