Emerging markets face gaps in equity financing, currency risk protection and scalable investment structures, say experts, who warn that climate projects will not be bankable without stronger policy support and financial reform.
Firms based in France and Singapore claimed the top prizes at the ninth edition of the global innovation competition, backed by Temasek Foundation with new support from Singapore government agency A*Star.
Although they are also increasing their investments into climate solutions and transition finance, few have a plan to address high-emitting sectors, including fossil fuels, a new study by the Asian Investor Group on Climate Change found.