Developed countries are committed to the US $100 billion goal per year by 2020 for climate action in developing countries. Current levels of public funding committed under the Paris Agreement are far from sufficient to reach its objective. About a third of of private co-finance is required as achievement of the 2°C degree target is only possible if significant levels of private finance can be leveraged.
CMIA’s mission is to provide leadership to the private sector in the delivery of climate investment policy and market mechanisms. We break down the barriers of climate complexity so that strategy and investment decisions can be made.
CMIA holds an Observer NGO status to the Conference of the Parties (COP) and for other meetings of the United Nations Framework – Convention on Climate Change. CMIA is in the business and industry NGOs (BINGO) constituency, one of the first constituencies formed so that the Secretariat of the UNFCCC could maintain effective interaction with interested stakeholders.
CMIA is a membership led organization, with an elected President and Board, beneath which Board-appointed Working Group chairs and regional heads of chapters drive the work of the CMIA at a grassroots level. CMIA’s strategy is set and executed by the Executive Director, who is also responsible for overseeing the running of the Secretariat. CMIA has an independent Secretariat that facilitates working group activities, engages in advocacy on behalf of the membership and works to ensure that the association’s work balances the needs and fairly represents all of its diverse membership.
Governments and policy makers approach CMIA for our private sector input with regards to incentivising low-carbon, resource efficient and resilient investment through market mechanisms, pre-compliance markets or climate and sustainable finance mechanisms. We hold valuable affiliations and close working relationships with organisations such as UN bodies (UNFCCC, UNEP-FI, UNEP DTU, UNCCD, FAO, UNREDD), international public financial institutions (World Bank, Asian Development Bank, African Development Bank, KfW, IDB) and ministries of finance and environment in various countries across all five continents.