The United Nations Environment Programme Finance Initiative published an update on how the Net-Zero Asset Owner Alliance (NZAOA) is contributing to the UNFCCC’s Baku to Belem Roadmap process, including an investor-focused roadmap presented by Erich Cripton of La Caisse (formerly CDPQ) during stakeholder consultations. The briefing to the UNFCCC Secretariat and COP29 and COP30 presidency representatives in Bonn positioned private capital as central to reaching the USD 1.3 trillion climate finance goal by 2035 and emphasised using existing investor tools and experience to remove mobilisation barriers. The NZAOA comprises 86 institutional investors managing USD 9.2 trillion and targets net-zero greenhouse gas emissions across investment portfolios by 2050. Cripton outlined six priorities for the roadmap: expanding and streamlining access to catalytic capital; standardising blended finance vehicles to reduce transaction costs and speed deployment; scaling a pipeline of bankable projects in emerging markets with technical support to de-risk early-stage development; increasing multilateral development banks’ private capital mobilisation from about USD 0.50 per USD 1 on balance sheets to a 5:1 ratio by 2035; improving transparency and risk data through better reporting, including tools such as the GEMs database; and addressing prudential regulatory barriers that disincentivise long-term, illiquid emerging-market investments. To accelerate implementation, the roadmap developers were urged to incorporate existing private-sector outputs, including a COP29 Call to Action for policymakers on private capital mobilisation, a set of 13 blended finance case studies developed during New York Climate Week, and B20 Taskforce recommendations submitted to the Brazilian G20 presidency. The alliance signalled readiness to remain engaged in the Baku to Belem process and COP30 discussions.
United Nations Environment Programme Finance Initiative 2025-07-29
United Nations Environment Programme Finance Initiative sets out Net-Zero Asset Owner Alliance priorities for mobilising USD 1.3 trillion in climate finance by 2035
The UN Environment Programme Finance Initiative updated on the Net-Zero Asset Owner Alliance's (NZAOA) role in the UNFCCC’s Baku to Belem Roadmap, emphasizing private capital's role in achieving the USD 1.3 trillion climate finance goal by 2035. Erich Cripton of La Caisse presented six priorities, including expanding access to catalytic capital, standardizing blended finance, and increasing multilateral development banks' private capital mobilization. The NZAOA, with 86 investors managing USD 9.2 trillion, aims for net-zero emissions by 2050 and remains engaged in the Baku to Belem process and COP30 discussions.