15 — Global
Catalytic Finance Initiative
Bank of America is working with partners to mobilize approximately USD 10 billion for innovative and high-impact climate mitigation and sustainability-focused investments.
The Catalytic Finance Initiative (CFI), launched by Bank of America in 2014, is moving beyond green business-as-usual to innovative capital deployment for high-impact clean energy and sustainability investments. These investments include energy efficiency and renewable energy, which help to reduce greenhouse gas emissions.
In 2016 the Catalytic Finance Initiative expanded to 12 partners that have collectively mobilized approximately USD 10 billion across more than 25 innovative and high-impact climate mitigation and sustainability-focused investments. In doing so, the Catalytic Finance Initiative de-risks such opportunities for other investors, as well as highlights the possibility of innovative new products and financial structures that can catalyse a greater flow of capital and a scale-up of solutions.