Cardano and Climate Fund Managers Launch the Climate Credit Fund at a Special Event in The Hague
The Mauritshuis in The Hague set the stage for an inspiring event on impact investing on Thursday, April 6, 2023. In celebration of the launch of the Climate Credit Fund, Cardano and Climate Fund Managers organized this platform for discussion and sharing insights about the role of public-private partnerships in the development of sustainable energy in developing countries, as well as the opportunities and challenges for institutional investors.
Kitty van der Heijden, Director-General for International Cooperation at the Ministry of Foreign Affairs, kicked off the event with a motivating speech about the urgency of the issue: climate change is happening, and if we continue on our current path, we will see more and more climate disasters such as extreme droughts, floods, and wildfires. Many of these disasters disproportionately affect people in developing countries. Therefore, it is crucial to invest more and faster in the climate transition worldwide, including in these regions. With her extensive experience in public-private partnerships, she called on the responsibility of the Dutch financial sector and encouraged them to contribute to the climate transition globally.
Kitty van der Heijden, Director-General for International Cooperation at the Ministry of Foreign Affairs, kicked off the event with a motivating speech about the urgency of the issue: climate change is happening, and if we continue on our current path, we will see more and more climate disasters such as extreme droughts, floods, and wildfires. Many of these disasters disproportionately affect people in developing countries. Therefore, it is crucial to invest more and faster in the climate transition worldwide, including in these regions. With her extensive experience in public-private partnerships, she called on the responsibility of the Dutch financial sector and encouraged them to contribute to the climate transition globally.
Ivo Mulder, Head of the Climate Finance Unit at UNEP, continued the conversation about climate change and the opportunities and challenges it presents for institutional investors. The recently released IPCC report shows that there are significant challenges in the area of climate, but it is not too late.
His message aligns with Kitty’s: now is the time to take action, and institutional investors can contribute to this effort.
Ivo Mulder, Head of the Climate Finance Unit at UNEP, continued the conversation about climate change and the opportunities and challenges it presents for institutional investors. The recently released IPCC report shows that there are significant challenges in the area of climate, but it is not too late.
His message aligns with Kitty’s: now is the time to take action, and institutional investors can contribute to this effort.
In an interview with Maureen Schlejen, Ronald Wuijster, CEO of APG Asset Management, discussed the issues pension funds face in the realm of impact investing. It begins with the definition: impact investing should positively influence the lives of the participants.
This influence can come from various angles, such as using pension capital to combat climate change. More and more participants want to invest sustainably, so it is a logical consequence that both financial and sustainable returns are considered.
In an interview with Maureen Schlejen, Ronald Wuijster, CEO of APG Asset Management, discussed the issues pension funds face in the realm of impact investing. It begins with the definition: impact investing should positively influence the lives of the participants.
This influence can come from various angles, such as using pension capital to combat climate change. More and more participants want to invest sustainably, so it is a logical consequence that both financial and sustainable returns are considered.
Lastly, Sebastiaan Masselink, on behalf of Cardano, and Georges Beukering, on behalf of Climate Fund Managers, took the stage to announce their collaboration and introduce the Climate Credit Fund. Investing in the Climate Credit Fund means directly providing capital for loans to medium-sized energy projects, such as solar parks, wind farms, and hydropower generation facilities.
CFM’s core strategy is to develop, construct, and bring renewable energy generation projects to operation in emerging markets. These activities are financed with equity capital from public and private investors, as well as development banks. Once projects and companies have completed the development phase and reached full operational status, CFM’s core task as a developer and builder of new capacity is accomplished.
The operational projects are then refinanced with debt through the Climate Credit Fund. The fund thus enables its investors to invest in high-quality, large-scale, and fully operational projects with premium customers and stable cash flows. The funds released for CFM through this refinancing are reinvested in developing the next renewable energy generation projects. After completing the development phase, these projects, in turn, offer investment opportunities for refinancing.
Lastly, Sebastiaan Masselink, on behalf of Cardano, and Georges Beukering, on behalf of Climate Fund Managers, took the stage to announce their collaboration and introduce the Climate Credit Fund. Investing in the Climate Credit Fund means directly providing capital for loans to medium-sized energy projects, such as solar parks, wind farms, and hydropower generation facilities.
CFM’s core strategy is to develop, construct, and bring renewable energy generation projects to operation in emerging markets. These activities are financed with equity capital from public and private investors, as well as development banks. Once projects and companies have completed the development phase and reached full operational status, CFM’s core task as a developer and builder of new capacity is accomplished.
The operational projects are then refinanced with debt through the Climate Credit Fund. The fund thus enables its investors to invest in high-quality, large-scale, and fully operational projects with premium customers and stable cash flows. The funds released for CFM through this refinancing are reinvested in developing the next renewable energy generation projects. After completing the development phase, these projects, in turn, offer investment opportunities for refinancing.
Cardano and Climate Fund Managers look forward to a successful collaboration that can make a significant contribution to global efforts to accelerate the transition to clean and sustainable energy, particularly in developing countries where the need for energy and climate resilience is greatest.
For more information about the event, the Climate Credit Fund, and the collaboration between Cardano and Climate Fund Managers, please contact:
Sebastiaan Masselink
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Senior Investment Manager
Sebastiaan Masselink
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Senior Investment Manager
