World Bank’s Innovative Approach to Scaling Climate Finance Through Securitization

• The President of the World Bank, Ajay Banga, has outlined a strategic initiative aimed at scaling up climate financing through securitization. This innovative approach, led by the Private Sector Investment Lab (PSIL), focuses on creating a model of “originate-to-distribute” to attract substantial investments from deep-pocketed investors for climate-related projects.
• PSIL, launched under the World Bank’s umbrella, collaborates with a group of 15 finance leaders, including Larry Fink of BlackRock, Thomas Buberl of AXA SA, and Noel Quinn of HSBC Plc. The collective effort aims to reduce investment risks in climate projects in emerging economies and encourage private capital to contribute to emission reduction initiatives.

Also Read: Weekly Current Affairs (Persons) 28 Oct - 3 Nov 2023 Bitbank: Who has been appointed as the official Brand Ambassador of the State Bank of India (SBI)?

                         >> Download Current Affairs PDFs Here

                              Download Sakshi Education Mobile APP

Published date : 05 Dec 2023 05:05PM