Green Finance Institute, Laudes Foundation partner on decarbonization

Green Finance Institute, Laudes Foundation partner on decarbonization

The Green Finance Institute and the Laudes Foundation have announced a funding partnership focused on accelerating market-based financing for a net-zero-carbon built environment.

To that end, the foundation will support the efforts of the institute's Coalition for the Energy Efficiency of Buildings (CEEB), which works to bring the public and private sectors together to establish and scale new markets and financial mechanisms aimed at mobilizing capital for the decarbonization of buildings, with the ultimate goal of reducing greenhouse gas emissions in alignment with the Paris Agreement. The partners also will work to create growth opportunities in sectors that have been impacted by the coronavirus pandemic, increase access to affordable low-carbon housing, and reduce fuel poverty in the developing world.

"We urgently need to retrofit our homes and building stock to meet net-zero targets," said Green Finance Institute CEO Rhian-Mari Thomas. "The partnership with a leading philanthropic institution such as Laudes Foundation will enable us to accelerate the innovative work being carried out by our CEEB coalition, building on our work in the [United Kingdom] to date by seeking international opportunities to channel capital toward local solutions that help deliver greener, more resilient and more comfortable homes."