ESG, Lastest Topics
responsAbility Asia Climate Fund Surpasses $350M, Secures Majority Private Sector Support
16
Jan
Jan
Global impact leader responsAbility Investments has advanced its Asia Climate Strategy to over $350 million in its third funding round, with more than 50% of commitments coming from private sector investors. The fund, targeting $500 million by 2025, aims to cut 16 million tons of CO2 emissions by investing in renewable energy, battery storage, and energy efficiency projects across Asia. Backed by Germany’s BMZ through KfW’s $21 million investment, which triggered an additional $100 million from institutional investors, the initiative highlights the success of its blended finance model in mobilizing private capital alongside $154 million in public funds. With Asia contributing over 50% of global CO2 emissions, the fund addresses the region’s critical climate challenges by fostering public-private collaboration and leveraging a robust impact monitoring framework to ensure transparency and measurable results. Resources: https://esgnews.com/responsability-asia-climate-fund-surpasses-350m-secures-majority-private-sector-support/
