28 Mar SEAF selected as a finalist for the Dutch Fund for Climate and Development
A consortium led by SEAF, with partners Investisseurs et Partenaires (www.ietp.com), Conservation International (www.conservation.org) and the Koninklijk Instituut voor de Tropen (www.kit.nl), have advanced as finalists for a fund management grant for the Dutch Fund for Climate and Development (DFCD). The grant, which will be awarded by the Netherlands’ Minister for Foreign Trade and Development Cooperation, will capitalize an EUR 160 million fund which will focus on investing in companies and projects focused on climate adaptation and mitigation efforts in least-developed and other priority countries, utilizing the United Nation Sustainable Development Goals (SDGs), in particular SDG 13, as a framework.
The Netherlands has demonstrated a willingness to lead on climate-related efforts, taking direct action to engage private sector actors in activities focused on the changing climate. The country is an early adaptor to the SDGs, noting that these cannot be achieved without addressing global warming. The DFCD is an innovative output of these efforts, and a necessary component of a solution which will require an estimated USD 1.4 trillion per year through 2030 in order to fully achieve the goals.
The SDGs will require coordination from both the public and private sectors across the globe. Recognizing this, the consortium partners are prepared to not only deploy the grant funding but to also mobilize additional capital as part of a global effort to combat climate effects and support sustainable communities worldwide. The consortium partners share a common mission in working with local communities and entrepreneurs to effect positive impact. Climate change has affected the countries in which the partners have been and are currently active, and a result, the Partners have an extensive track record of investments and projects dealing with this issue of global warming.