12 December 2017

UN Environment and BNP Paribas have today signed a milestone agreement at the One Planet Summit to establish Sustainable Finance Facilities, collaborative partnerships aimed at raising development capital to drive sustainable economic growth in emerging countries.

UN Environment and BNP Paribas will collaborate to identify suitable commercial projects with measurable environmental and social impact, with a target of capital funding amounting to USD 10 billion by 2025 in developing countries.

The aim is to support smallholder projects related to renewable energy access, agroforestry, water access and responsible agriculture among other sustainable activities.

The Sustainable Finance Facilities programme is the first of its kind in terms of collaboration between companies, investors, development sector partners, and civil society organisations, with the support of national governments.

The Memorandum of Understanding was signed today between Erik Solheim, Executive Director of the United Nations Environment Programme and Jean-Laurent Bonnafé, Chief Executive Officer of BNP Paribas at the One Planet Summit under the patronage of the President of the French Republic , Emmanuel Macron. This landmark agreement is fully in line with both UN Environment’s and BNP Paribas’ commitments to developing meaningful and sustainable projects addressing environmental and social challenges in emerging countries.

This agreement builds on the Tropical Landscapes Financing Facility, a partnership between UN Environment, BNP Paribas, World Agroforestry Centre and ADM Capital in Indonesia.

UN Environment and BNP Paribas will scale the collaborative effort by establishing Sustainable Finance Facilitiesin many more developing countries, with a target capital funding amount of US$10 billion by 2025.

Through sourcing funding from third party global investors, and arranging and issuing green loans, Sustainable Finance Facilities will help channel finance from the private sector to fund sustainable economic development in emerging countries.

Projects focused on rural smallholder productivity enhancement, rural renewable electrification and forest landscape restoration and protection will support national climate and sustainable development commitments, build climate resilience, and help countries and communities achieve targets for food, water and energy security. Projects will recognise the vital role of relevant stakeholders, in particular women, indigenous peoples and local communities in all areas of sustainable growth and the need for their full and effective participation.

The projects could include the restoration of degraded agriculture landscapes through agro-forestry, the improvement of small-holder agriculture or renewable energy investments in rural areas, in particular to replace charcoal. Climate-smart agriculture, stopping deforestation and restoring forests and landscapes at significant scale could together contribute over 30 per cent to the achievement of the Paris Agreement.

BNP Paribas will continue to act as the capital markets adviser and structuring adviser to Sustainable Finance Facilities as they are established, and will bring institutional investor capital to participate in the programme.

UN Environment will ensure that environmental and social impacts of projects are positive and significant, and are at the heart of the work of the Sustainable Finance Facilities.

With this agreement, signed at the One Planet Summit, BNP Paribas reinforces its commitment to bringing pioneering financial solutions at scale and helping the UN achieve the 17 Sustainable Development Goals and advance the 2030 Agenda for Sustainable Development.

Source: BNP Paribas

Illustration Photo: Ain Beni Mathar Integrated Combined Cycle Thermo-Solar Power Plant (credits: Dana Smillie / World Bank / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))


No comments to display.

Related posts

EU's Call for Proposals: An empowering, inclusive Next Generation Internet

The objective is to support actions on smarter, open, trusted and personalised learning solutions to optimise digital learning and to allow learners to engage and interact with content and with peers.
Application Deadline in 5 months

Singapore to establish Additive Manufacturing Facility and Applications in Maritime Sector

The facility’s location also leverages PSA’s parts supplier base and facility operations to support just-in-time inventory. This move towards digitised inventories reduces the need to hold excess inventory, which lowers storage costs, while shortening turnaround time from weeks to days due to improved availability of spare parts. In the long run, PSA will expand the scope of these services to the wider maritime industry, including ship owners, to help build its business adjacencies.

EU's Call for Proposals: The AQUAEXCEL2020 twelfth call for access

The facilities available cover the entire range of production systems (cage, pond, recirculation, flowthrough, hatchery and disease challenge); environments (freshwater, marine, cold, temperate and warm water); scales (small, medium and industrial scale); fish species (salmonids, cold and warm water marine fish, freshwater fish and artemia); and fields of expertise (nutrition, physiology, health & welfare, genetics, engineering, monitoring & management technologies).
Application Deadline in a month

Environment and Big Data: Role in Smart Cities of India

This study identifies six environmental factors, which should be integrated in the development of smart cities. These environmental factors include indicators of landscape and geography, climate, atmospheric pollution, water resources, energy resources, and urban green space as a major component of the environment.

Corteva Agriscience and IRRI Ink Partnership to Develop Advanced Rice Technologies and Programs

The partnership seeks to improve the genetic outcomes of breeding programs, encourage sustainable rice cultivation, and develop new rice varieties which deliver higher yields and are more resilient against biotic and abiotic stresses.

Call for Applications: Communication projects which mitigate anthropogenic climate change

The Minor Foundation for Major Challenges (MFMC) is inviting applications from all over the world to fund communication projects which mitigate anthropogenic climate change.
Application Deadline in a month

EU's Call for Proposals: Digital technologies for improved performance in cognitive production plants

Proposals need to develop new technologies to realise cognitive production plants, with improved efficiency and sustainability, by use of smart and networked sensor technologies, intelligent handling and online evaluation of various forms of data streams as well as new methods for self-organizing processes and process chains.
Application Deadline in 4 months

Study reveals best use of wildflowers to benefit crops on farms

For the first time, a Cornell University study of strawberry crops on New York farms tested this theory and found that wildflower strips on farms added pollinators when the farm lay within a "Goldilocks zone," where 25 to 55 percent of the surrounding area contained natural lands.

EU's Call for Proposals: Reinforcing the EU agricultural knowledge base

Activities shall analyse and compare the approaches taken on their performance and impact for farmers/foresters as well as effectivity of the communication and information channels used for dissemination in countries and regions.
Application Deadline in 3 months

The Bali Fintech Agenda: A Blueprint for Successfully Harnessing Fintech’s Opportunities

In response to the Bali Fintech Agenda, the World Bank will focus on using fintech to deepen financial markets, enhance responsible access to financial services, and improve cross-border payments and remittance transfer systems.