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The Net-Zero Asset Owner Alliance (NZAOA) has released a strategic roadmap to mobilize $1.3 trillion annually in private climate finance by 2035, marking a pivotal step toward global climate action. Backed by 86 institutional investors managing $9.2 trillion in assets, the plan was presented during stakeholder consultations on the Baku to Belém process, a key initiative leading into COP30.
🔑 Strategic Priorities for Capital Mobilization
Erich Cripton, Co-Lead of the NZAOA Policy Track and representative of La Caisse (formerly CDPQ), outlined six core actions:
- Catalytic Capital Deployment: Increase risk-tolerant investments from public and private sources to attract private capital, with simplified application and reporting mechanisms.
- Standardizing Blended Finance: Streamline structures to reduce transaction costs and scale de-risked investment vehicles.
- Scaling Bankable Projects: Expand investable pipelines in emerging markets and provide technical support to early-stage initiatives.
- MDB Mobilization Reform: Raise the private capital mobilization ratio of multilateral development banks from 0.5:1 to 5:1 by 2035 through co-investment and partnership models.
- Enhancing Data Transparency: Improve access to reliable data and reduce perceived risks via platforms like the GEMs database.
- Regulatory Reform: Adjust prudential regulations to enable long-term investment in climate-aligned, illiquid assets.
🌍 Global Collaboration and Policy Integration
Cripton emphasized leveraging existing frameworks, including:
- The Call to Action for Policymakers from COP29
- Case studies from New York Climate Week
- Recommendations from the B20 Taskforce to Brazil’s G20 presidency
“These insights already provide a strong evidence base. Let’s use them to build momentum rather than starting from scratch,” Cripton stated.
🤝 A Unified Path to COP30
The roadmap aligns stakeholders across public and private sectors, reinforcing NZAOA’s commitment to the Baku to Belém Roadmap and the COP30 implementation agenda. With coordinated action, the transition from ambition to delivery is well underway.
