New Luxembourg climate initiative for sustainable development

Elvinger Hoss Prussen is proud to be part of the government’s initiative to reinforce Luxembourg’s climate action under the Paris agreement and the sustainable development goals.

On 26 June 2017 Carole Dieschbourg, Minister for the Environment and Pierre Gramegna, Minister of Finance signed the creation of the first phase of the “Climate Finance Accelerator”. This accelerator aims to promote creation of structures to facilitate climate finance, by offering support to those new and innovative asset managers, who wish to invest in efficient, impactful projects and demonstrate their contribution to the fight against climate change. The support granted by the accelerator is two-fold: fundraising support to attract institutional as well as public investors and providing financial and operational support during the start-up phase.
 
The idea is to promote innovative solutions and strategic alliances to finance climate actions and support the global action plan and implementation of the Paris Agreement. Following the implementation of the EIB-Climate Finance Platform, the creation of a dedicated LuxFLAG label as well as the Green Stock Exchange, the accelerator is the fourth initiative in this context to highlight the skills and expertise in Luxembourg for investment vehicles with environmental and social impact and to develop and finance innovative projects with high impact in addressing the effects of climate change, both in developed and developing countries.

Should you have any further questions, please contact Marc Elvinger or Frédérique Lifrange.