Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Congo Basin Blue Fund begins to come into focus



Climate Finance

The Congo Basin forests are second only to the Amazon Basin as a natural carbon storage system. But for countries in the basin to make the transition from forest exploitation to ecosystem services will require both cooperation and capital.

The Brazzaville Foundation is pushing forward with the nine-country Congo Basin Blue Fund introduced at the global climate conference last year.

Meeting in Oyo last week, ministers from Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda signed an MOU to officially form the new fund.

The fund will finance projects in river transport, dredging and infrastructure, renewable energy, irrigation, fishing and ecotourism to foster sustainable industries based on the Congo’s renewable resources.

Next step: raising capital from climate-change financing facilities, international agencies, private investors and philanthropies.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Hope Productions/Yann Arthus Bertrand / Getty Images/Getty Images

You might also like...