Luxembourg's Minister of Environment Carole Dieschbourg and Minister of Finance Pierre Gramegna signed off on the launch of the first stage of the Climate Finance Accelerator on Monday.
A feasibility study, financed by the government, showed strong demand for an accelerator giving technical support to the managers of green finance funds.
The accelerator aims to help to fund managers wishing to invest in projects that have a highly measurable impact in terms of mitigating or addressing climate change.
The ministries are set to finance the accelerator with €2 million over three years.
"The launch of the Climate Finance Accelerator, together with the Ministry of Environment and eight private actors, marks an important step in developing green finance in Luxembourg and makes our financial centre a pioneer in this sense," Gramegna said.
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http://www.scoop.it/t/luxembourg-europe/?&tag=Climate+Change
http://www.scoop.it/t/luxembourg-europe/?&tag=Green+Index
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Learn more / En savoir plus / Mehr erfahren:
http://www.scoop.it/t/luxembourg-europe/?&tag=Climate+Change
http://www.scoop.it/t/luxembourg-europe/?&tag=Green+Index
http://www.scoop.it/t/luxembourg-europe/?&tag=Finances