Institutional Investors Group for Climate Change to act as secretariat for new EMDE Investor Taskforce to unlock private climate investment

The Institutional Investors Group for Climate Change (IIGCC) announced the launch of the Emerging Markets and Developing Economies (EMDE) Investor Taskforce, an industry-led initiative unveiled on 15 May 2025 by the UK Minister for International Development and the Economic Secretary to the Treasury to mobilise private investment into climate, transition and sustainable opportunities across EMDEs. IIGCC will serve as secretariat for the taskforce. The taskforce brings together leaders from 15 major financial services organisations, spanning insurers, pension funds, asset managers, banks, investment consultants and development finance institutions, alongside government expertise from the Foreign, Commonwealth and Development Office and HM Treasury. Its work is intended to develop practical solutions such as capacity building and product innovation to address barriers that constrain long-term private capital, with an initial focus including Latin America and the Caribbean, South and South East Asia, and Africa, where it highlighted that only 18% of climate finance currently comes from private sources. Technical workstreams will also consider recommendations from The UK as a Climate Finance Hub report. The initiative will proceed through multiple technical workstreams to identify opportunities and tackle systemic barriers to capital flows, but no timetable or deliverables were set out.