NZAOA Identifies Three Priorities for Climate Finance at COP31 to Enhance Investability
As COP31 commences, the Net-Zero Asset Owner Alliance (NZAOA) has outlined three key priorities for the future of climate finance to enhance the investability of climate and resilience opportunities. Wendy Walford, Legal & General and Policy Track Co-Lead, NZAOA, emphasizes that institutional investors require a stronger pipeline of investable climate solutions to meet their climate commitments. While private capital is available, many opportunities are not yet investable due to factors like policy uncertainty, currency risk, and early-stage development risk, which private investors find hard to absorb alone. NZAOA advocates for turning country-led pathways into concrete delivery plans with clear sector pathways, implementation plans, project pipelines, and institutional capacity. They also stress improving structures to convert available capital into deployed capital through credible cashflows and effective risk allocation, and ensuring that Article 2.1(c) and Article 9 of the Paris Agreement remain compl...
