Veolia and Norfund are set to invest up to $54 million in climate change startups focused on improving access to energy and water while managing environmental impacts. This initiative targets firms aiming to reduce utility consumption and secure local energy sources, addressing the funding barriers that hinder industrial development. Philippe BOURDEAUX from Veolia highlighted the partnership's goal to implement decarbonized solutions, particularly in water reuse and energy-saving projects, to combat water scarcity and unreliable energy in Africa. Norfund's Executive VP, Ellen Cathrine Rasmussen, emphasized the importance of sustainable industrial development in diversifying African economies without harming the environment. With a combined expertise in waste, water, and energy services, the two organizations are well-positioned to finance and operate projects that promote low carbon footprints and sustainable practices across resource-intensive sectors. #Africa #Sustainability #Investment #Climatechange #Funding #Greenfinancing
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All the best to the investors as they start the interesting journey
Veolia and Norfund are set to invest up to $54 million in climate change startups focused on improving access to energy and water while managing environmental impacts. This initiative targets firms aiming to reduce utility consumption and secure local energy sources, addressing the funding barriers that hinder industrial development. Philippe BOURDEAUX from Veolia highlighted the partnership's goal to implement decarbonized solutions, particularly in water reuse and energy-saving projects, to combat water scarcity and unreliable energy in Africa. Norfund's Executive VP, Ellen Cathrine Rasmussen, emphasized the importance of sustainable industrial development in diversifying African economies without harming the environment. With a combined expertise in waste, water, and energy services, the two organizations are well-positioned to finance and operate projects that promote low carbon footprints and sustainable practices across resource-intensive sectors. #Africa #Sustainability #Investment #Climatechange #Funding #Greenfinancing
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Companies besides undertaking their core functions in the provision of services, they also have an obligation to take part in humanitarian, livelihood improvements, and building a sustainable planet in the form of corporate social responsibility. Equity Bank Limited in its 3rd sustainability report launched on September 3rd staged the company as having a sense of sustainable development by tailoring its services to address Climate adaptation, water efficiency, Energy efficiency, transport, and renewable energy through its green financing model for loans and grants. At Clean Green Africa, our beekeeping and Biogas projects, for example, aim to offer alternative sources of income, fuel, and even leverage in possible ways the farmers can unlock carbon credit revenues. This is an uphill task but providing financial linkages to the groups can fast-track the realization of the intended program outcomes. The function featured on Citizen Tv's Royal Media Services Limited https://lnkd.in/dSP85AFB #carboncredits #greenfinancing #sustainabledevelopment
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Exploring Sustainable Infrastructure and Investment Exits. At the beginning of this week, we had a deep dive into Sustainable Infrastructure and Investment Exits with our partner AquaforAll, the fund’s investors, and the stakeholder community. The Evenpar Fund focuses on equity investments in sustainable water infrastructure to enhance access to water in Africa. We highlighted the Sovereign Foods investment being a wastewater recycling plant realized together with the South African developer My Water Treatment Services (MWTS). Event Highlights: * Josien Sluijs, Managing Director at Aqua for All, discussed Aqua for All’s approached to addressing water challenges, closing the WASH service and finance gaps, and the foundation’s expertise in mobilising private investments in water. * Aarno Keijzer, Impact Finance Lead, emphasized Aqua for All's catalytic role with funds like Evenpar and the unique, transformational impact of these partnerships. * Renier de Wit, Managing Director at Gaia Fund Managers in South Africa, elaborated on the secondary market for sustainable infrastructure projects in Africa and highlighted exit opportunities and examples. * Pjotr Schade and Caspar Slagboom, Directors of the Evenpar Fund, shared insights into Evenpar's investment strategies in clean water, recycling, and renewable energy sector in Africa, including the upcoming 2 investment projects in South Africa. We look forward to continuing our investment journey with all these wonderful partners. #SustainableInfrastructure #InvestmentExits #WaterInfrastructure #SustainableInvestment #ImpactInvesting #WaterAccess #AfricaInvestment #WastewaterRecycling #CleanWater #RenewableEnergy #AquaForAll #EvenparFund #GaiaFundManagers #SustainableDevelopment
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We’re thrilled to announce The Nature Conservancy’s (TNC) valuable contribution to the Africa Carbon Markets Initiative (ACMI) Carbon Hub—a comprehensive suite of tools and resources designed to empower project developers and accelerate carbon market growth in Africa. Africa Carbon Markets Initiative (ACMI) is excited to host the Hub with support from #FSDAfrica. Here's what the Hub now offers: 🔗Social Tools: Resources for governance, stakeholder mapping, and Free, Prior, and Informed Consent (FPIC) processes to ensure inclusive and transparent project planning. 📊Carbon Accounting Tools: Access calculators and methodologies tailored to Afforestation, Reforestation, and Revegetation (ARR) and REDD+ projects to support precise carbon credit quantification. 📋Feasibility Tools: Evaluate project viability with templates, risk assessments, and other planning aids. 🛠️Toolkits: Streamline project management and documentation with ready-to-use resources. Complemented by project examples, fact sheets and stakeholder engagement strategies, these tools offer actionable insights into successful carbon initiatives across #Africa. Explore the Hub today and be part of the movement driving transformative climate action: https://lnkd.in/dmeiqTKV -- #CarbonMarkets #ClimateAction #Sustainability #AfricaLeadership #NatureBasedSolutions #ACMI -- Juliet Munro, Reshma Shah, Dorothy Maseke ,CFIRM, Hosborn Wamukoya, Nzomo Mbithuka. CDFP,MBA,PhD-Ongoing., Mary Kashangaki, Tolulope Babajide, MBA, Sophie Mills, Kuria Wanjau, Winnie Mokaya, Shannon Wangwe, Kaara Wainaina.
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Investing in sustainable initiatives in Africa can have a significant positive impact on both the environment and local communities. It encompasses various sectors like renewable energy, agriculture, healthcare, and infrastructure, aiming for long-term economic, social, and environmental benefits.
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"Looking back to 2022, when my team and I presented our waste-to-energy innovation at the Hult Prize! 🌍✨ Inspired by SDG 8 and the theme ‘Getting the World Back to Work,’ our solution addressed Nigeria’s waste and energy issues, transforming waste into sustainable power and creating jobs. Grateful for the teamwork, resilience, and shared commitment to a sustainable, empowered future. 💡🌱 #HultPrize #SDG8 #WasteToEnergy #SustainableInnovation #BackToWork #Throwback"
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🌍 Driving Sustainable Growth with Green Financing🌱 As someone passionate about bridging the gap between finance and sustainability, I truly believe green financing has the power to change lives especially in rural communities. It’s not just about funding eco-friendly projects; it’s about giving people the tools to build a better future, where economic growth and environmental care go hand in hand. 💚 The beauty of green financing is that it’s not just for large corporations, it can empower small farmers, local businesses, and grassroots initiatives. From renewable energy to sustainable agriculture, these projects help create stronger communities and a healthier planet. But the question I often find myself asking is: How can we make green financing more accessible to rural areas in Africa and beyond? I’d love to hear your thoughts or experiences in this space. Let’s connect and brainstorm how we can make these opportunities a reality for more people. ⌨️ 👇 #Green Financing #Sustainability #Microfinance #Financial Inclusion #Rural Development #Climate Action #Africa
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The energy transition is a crucial step towards mitigating the negative effects on the environment. While the goal is to shift entirely to green energy by 2050, many sectors still rely heavily on fossil fuels. In Africa, numerous communities lack access to clean energy, posing a challenge as the continent strives for industrial growth and economic independence. Africa must consider its carbon footprint and embrace green energy to support industrialization sustainably. Environmental considerations, including ESG factors, are vital for the longevity of our planet. #EnergyTransition #GreenEnergy #ESG #Sustainability #clydeco #clydecotanzania #lawfirm #legalpractise #m&a #projects #tanzania #lawfirmtanzania #environmentallaw
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[Event & learning] Our cofounder Sophia Tan 陈欣宁 attended the Singapore International Water Week (SIWW)! We learnt from startup companies, water corporations, and governments about the work they were doing to promote access to safe drinking water! 💡Particularly interesting was a panel discussion about mobilising finance for water and #wastewater #infrastructure, where discussions included the role of 🤝philanthropy in helping with initial funding, which could then be supported by 🏛️ development/ government financing, and subsequently 📊 mainstream financing, to achieve a scaled impact to support infrastructure projects - the #PPPP (#Philanthropy + #PublicPrivatePartnership). 💡The panelists also discussed the difficulties in charging fair prices for water commensurate with cost- something that also applies for other public utilities like #sanitation. #Sanitationforall #WASH #Financing #Impact #mainstream
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Introducing Ely Sandler Policy Advisor, Seagrass. At COP28, Ely and the Seagrass team unveiled the first pilot of Article 6 investment in grid infrastructure which aims to fund a crucial transmission line in Rwanda. This groundbreaking initiative sees Seagrass collaborating closely with the Rwanda Development Board and Energy Ministry to translate innovative climate finance policies into tangible progress, with the ultimate goal of getting steel in the ground. He pinpoints the high cost of capital as a critical obstacle stifling private investment in the region. Ely advocates for the urgent need to lower financing costs, paving the way for cleaner, more sustainable infrastructure. Looking ahead, Ely sees immense potential for #carbonmarkets in Africa to evolve beyond small-scale ventures. While acknowledging the significance of projects like biogas and cookstoves, he envisions a future where carbon finance plays a pivotal role in funding national infrastructure. From transmission lines to utility-scale power plants and green manufacturing hubs. Don't miss Ely's insights at the upcoming #EastAfricaCarbonMarketsForum. #EACMF2024
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