Dr Aled Jones, director of the University’s Global Sustainability Institute, has chaired a working group of the Capital Markets Climate Initiative (CMCI) set up by energy minister Greg Barker to study ways of scaling up private finance flows for low carbon technologies, solutions and infrastructure.
A set of principles has now been developed for policy makers to enable a common understanding of what constitutes ‘investment grade policy’ in both developed and developing countries and more private capital to be raised by managing some of the risks that make investing in climate solutions difficult.
Dr Jones said: “Governments from all nations have committed to tackling climate change under a set of agreements as part of the United Nations Framework Convention on Climate Change (UNFCCC). In particular developed country governments have committed to mobilising $100 billion in annual investment flows into emerging and developing economies to enable them to deliver on mitigation and adaptation targets.
“Anglia Ruskin has led on a consultation with private and public sector institutions to understand what makes an investable landscape for private capital whether they are in developing or developed countries. A set of principles for ‘investment grade policy’ has been developed which is now being used in a wider consultation with various parties to help further discussions around mobilising this private capital.
“The aim of CMCI is to make a practical difference in this space – that is to actually lead to private capital being invested in climate solutions around the world through well managed and diverse mechanisms.”