In work related to COP 21 in Paris, the Climate Policy Initiative (CPI) called for use of a systemic platform across the financial system to support creative collaboration to expand innovation in climate finance. This call for building a coalition across the financial system and coordinating efforts through a systemic platform is identified in CPI’s The Global Landscape of Climate Finance.
The Coalition for Green Capital and the Natural Resources Defense Council, have partnered with a group of six Green Banks to create a new international Green Bank Network to help increase and accelerate investment in renewable energy and energy efficiency worldwide.
This new platform is the kind of systemic collaboration that CPI has identified as a powerful driver for taking clean energy finance and investment to scale through sharing best practices and innovations and expanding the growing network of Green Banks across states and countries. This new initiative will be launched on Dec 7 at an OECD COP 21 session on “Green Investment Banks: Leveraging Innovative public finance to scale up low carbon investment.”