R20 and Leonardo DiCaprio Foundation Partner to Accelerate Climate Change Solutions
Supports Secretary-General Ban Ki-moon's call to increase investment in climate projects
GENEVA and LOS ANGELES - 26 May, 2016 - Following the April signing of the Paris Agreement, R20 Regions of Climate Action "R20" and Leonardo DiCaprio Foundation "LDF" announced the formation of a new partnership to rapidly identify and fund projects that address the urgency of climate change.
Financially supported by LDF under a new $650,000 grant, this partnership allows R20 to rapidly identify renewable energy, energy efficiency and waste management initiatives that have the potential to bring positive environmental and social benefits to communities across the globe, and ultimately reduce carbon emissions. Under this framework, R20 will develop and construct these projects, as well as measure and report on their impact.
Together, R20 and LDF are following the mission of the Cities Climate Finance Leadership Alliance "CCFLA," which was launched by UN Secretary-General Ban Ki-moon in 2014 to encourage investment in low-emission, climate resilient infrastructure in cities, and to close the investment gap in climate friendly projects in urban areas over 15 years.
"I commend LDF and R20 for supporting the goals of the CCFLA. Partnerships like this one strengthen the effort to unlock billions of dollars of private investment in projects that will urgently address climate change," said Secretary-General Ban Ki-moon. "I thank them for their commitment to our environment, and to the future of humanity."
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