Earth Wake is selected for International Climate Finance Accelerator

We are thrilled to announce that Earth Wake has been selected as winner of the ICFA spring Cohort 2020. The ICFA Luxembourg supports innovative and scalable climate finance initiatives that have high social and environmental impact.

The Asia Pacific region is highly vulnerable to ongoing climate change and its impacts fall disproportionately on the poor. Reductions in crop productivity, destruction of assets, and depletion of natural resources are key climate-related threats faced by smallholders and microenterprises across the region, which exacerbate poverty. The least developed and lower middle-income countries of the region are home to more than 2.3bn people.

Earth Wake’s vision is to have a profound and lasting impact in accelerating the transition of vulnerable communities in Asia-Pacific toward low-carbon climate resilience. Earth Wake was created by its three co-founders and London Business School graduates, Cédric Rimaud, Laura Altinger and Yossef Zahar.

Earth Wake is a blended finance initiative to bring capital markets’ private sector finance to vulnerable communities through microfinance institutions. Through a sustainability bond, it provides dedicated green financing to top-tier Asia-Pacific financial service providers to achieve an attractive risk-return proposition through a well-diversified pooled regional portfolio structure that overcomes common barriers such as a lack of scale, underdeveloped local financial markets and perceived risks. Technical assistance is provided alongside the financing to aide market creation of inclusive green finance and prepare financial ecosystem for tapping debt capital markets for climate investments.