British International Investment is ramping up its renewable energy investments in Southeast Asia, aiming to bridge the climate finance gap in a region facing surging energy demand.
Seven countries – including Australia – may now back the Asian Development Bank's IF-CAP programme, amid optimism around the climate investment it will mean for Asia.
A lot of experimentation is taking place to offer solutions for climate-related and other issues, but they need to be scaled up, a senior executive from the multilateral development bank told AsianInvestor.
The climate-focused asset owner, funded by governments, makes high-impact investments in various forms, from grants and concessional lending to venture capital and equity.