Pioneering Dutch Fund for Climate and Development launched today
The pioneering consortium to leverage private sector investments in climate change adaptation will be launched The Hague, the Netherlands, in the presence of Kitty van der Heijden, Director General International Cooperation of the Netherlands Ministry for Foreign Affairs and CEOs of consortium members.
Climate change is one of the biggest challenges we face today. It is already affecting people and nature across the globe, with developing countries being most impacted. There is an urgent need for investment to enable vulnerable communities and ecosystems to adapt to climate change. Yet funding is in short supply.
The government of The Netherlands has made €160 million available through the Dutch Fund for Climate and Development (the DFCD). Managed by a pioneering consortium of FMO, Climate Fund Managers, SNV and WWF, the DCFD will work with the private sector to catalyse over €500 million in additional funding for bankable projects across the world. These projects will boost the health of freshwater, forest, agricultural and ocean ecosystems, and improve water management.
During the launch event, the consortium will introduce itself and share the ins and outs of this new fund, which will be an additional instrument in support of the Dutch Government’s efforts to contribute to the Paris Agreement and the United Nation’s Sustainable Development Goals (SDGs).
Stakeholders from the public and private sector will engage the consortium members in a discussion to help explain the DFCD;s innovative way of working.
To find out more about the DFCD, please visit the fund’s website.
To find out more about the launch event, please visit the event website.