Kathmandu, January 8, 2019: Accelerating Climate Change (ACA) has been launched on January 7, 2019 at the Centre for Governance and Political Studies (Cent-GPS) in Malaysia for the first time. Believing in the philosophy that ‘The Future is Secure, When We Invest in Climate Solutions’, ACA is led by Dr Renard Siew, Santha Nair and Jian Xian who wants a commitment from investors and corporations to invest in climatepreneurs who are making a difference in Asia. ACA has already signed a memorandum of understanding (MoU) with The Global Entrepreneurship Boot camp just last month and are actively looking for partners in Asia who are keen on embark on this movement.
ACA’s target: a billion dollars invested by 2030 and an aspiration to train at least 1000 Asia climatepreneurs by connecting them to selected mentors and help remove the existing roadblocks and challenges they might face. “In Asia especially, we are certainly not short on climate solutions. The issue we currently face is not that it is a pipeline problem but rather an access problem due to a number of roadblocks. If investors want a larger pipeline of climate solutions to invest in, they must be prepared to invest in the ‘plumbing’ as well”, said Siew, at the launch of the Accelerating Climate Action (ACA) initiative.
In addition to raising capital for climate-focused companies in Asia, ACA also aims to inspire larger investors to see these funds as an opportunity to diversify their portfolios, especially in areas of environmental, social and governance (ESG).