British International Investment (BII), the UK\u2019s development finance institution (DFI) and impact investor, on Tuesday announced a $25 million commitment to the GEF South Asia Growth Fund III\u2019s (GEF SAGF III) first close.<\/p>\n
According to the official press release, the Fund will invest in companies and projects that contribute to the transition to a low-carbon and resource-efficient economy mainly in India and parts of Southeast Asia.<\/p>\n
\u201cCombating climate change together is one of the top UK-India priorities,\u201d said Alexander Ellis, the British High Commissioner to India.<\/p>\n
The Fund\u2019s differentiated, high-impact climate finance strategy invests in three critical areas that support India\u2019s transition to a green and resilient economy – Adaptation, Mitigation, and Circular Economy.<\/p>\n
With BII\u2019s investment, the Fund will tap into multiple sectors, ranging from renewable energy value chain, energy efficiency, food and water security solutions, to low-carbon transition, waste recovery and mobility solutions as well as smart city innovations.<\/p>\n
\u201cThe fund will support our goal of enabling sustainable practices, with a focus on renewable energy, efficient resource management, and cutting-edge environmental solutions,\u201d said Srini Nagarajan, Managing Director and Head of Asia at BII.<\/p>\n
GEF SAGF III follows the predecessor fund, GEF SAGF II where BII had also committed $25 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
British International Investment (BII), the UK\u2019s development finance institution (DFI) and impact investor, on Tuesday announced a $25 million commitment to the GEF South Asia Growth Fund III\u2019s (GEF SAGF III) first close. According to the official press release, the Fund will invest in companies and projects that contribute to the transition to a low-carbon and resource-efficient economy mainly in India and parts of Southeast Asia. \u201cCombating climate change together is one of the top UK-India priorities,\u201d said Alexander Ellis, the British High Commissioner to India. The Fund\u2019s differentiated, high-impact climate finance strategy invests in three critical areas that support […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-621228","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621228\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}