Today the Regions of Climate Action (R20) (www.regions20.org) and IDEAcarbon (www.ideacarbon.com) entered into a strategic collaboration to analyze the financial risks associated with the R20's low-carbon energy projects.
The R20 works with sub-national (state and regional) governments worldwide to develop, finance, implement, and communicate low-carbon economic development projects - primarily renewable energy generation, energy efficiency, waste to energy, and fuel switching projects. IDEAcarbon is an independent and professional provider of ratings, research and strategic advice on climate finance. Working together, the R20 and IDEAcarbon will ensure that thorough risk assessments for all R20 projects are completed prior to sharing R20 project business plans with investors. This important risk assessment process will ultimately streamline and accelerate the identification of the most appropriate financiers for innovative energy projects around the world.
"The R20 is delighted to be working with IDEAcarbon, and believes that its expertise in climate finance along with its world class Climate Finance Platform will accelerate the R20's ability to quickly develop high quality "bankable" projects worldwide" said Christophe Nuttall, Executive Director of the R20. Shandi J Modi, founder of IDEAcarbon, commented "R20 and its members are the world's most significant sub-national entities motivated towards low carbon growth. IDEAcarbon's products and platforms will provide key technical expertise, transparency and standards to enable meaningful climate finance flows. Our work to date has been designed exactly for this type of organization which is seeking action "now". We are excited to be working with this very important organization."
Under the agreement, IDEAcarbon is entrusted to perform third party analysis of R20 projects, develop robust analytical methodologies, and benchmark standards for wider adoption. In addition, IDEAcarbon will support R20 through secondment of climate finance professionals to R20's Geneva headquarters.
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Regions 20 And IDEAcarbon Enter Strategic Collaboration
Date 20/07/2012