News / #blended finance
The former Credit Suisse executive has been appointed CEO of an organisation that aims to help close Asia’s US$815 billion climate finance gap.
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Despite a slowdown in gender-inclusive commitments from traditional western markets, the Impact Investment Exchange (IIX) has pushed ahead with plans to scale women-focused 'orange capital', while forging new alliances to expand the 'orange economy' in emerging Asia.
Backed by Temasek Foundation with new support from Singapore government agency A*Star, the ninth edition of the global competition doubles catalytic funding for disruptive decarbonisation and cooling innovations, with submissions now open.
The incoming Asean chair will need to rally the regional bloc around boosting investment in climate and adaptation projects, with blended finance as a key focus, suggested Ellen Joyce Suficiencia, director of BSP's sustainability office. This is especially as Western aid wanes and Southeast Asia must fill its funding gap.
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