Project Description
As part of IFC’s strategic focus on addressing adverse climate change across the emerging markets, IFC is proposing to invest in a to-be-established investment vehicle (“Climate Catalyst Fund”) that will mobilize additional capital for co-investment alongside IFC in private equity funds (“Climate Funds”) focused on low-carbon and climate-friendly projects and companies globally across the emerging markets. The objective of the Climate Catalyst Fund is to stimulate the development of Climate Funds and climate friendly projects and companies which are expected to play a key role in accelerating the growth of investment in renewable energy and other low-carbon solutions.