The R20 Regions of Climate Action is a non-profit organization founded in 2010 by Governor Arnold Schwarzenegger and other global leaders in cooperation with the United Nations. The R20 is a coalition of partners led by regional governments that work to promote and implement projects that are designed to produce local economic and environmental benefits in the form of reduced energy consumption and greenhouse gas emissions; strong local economies; improved public health; and new green jobs.
Since announcing our partnership in 2012, the IDEAcarbon and Carbon Ratings Agency teams continue to contribute their expertise towards helping Regions 20 achieve our shared global environmental and economic goals.
"The R20 is delighted to be working with IDEAcarbon, and believes that its expertise in climate finance along with its world class Climate Finance Platform will accelerate the R20's ability to quickly develop high quality 'bankable' projects worldwide."
Christophe Nuttall- Executive Director R20
"R20 and its members are the world's most significant sub-national entities motivated towards low carbon growth. IDEAcarbon's products and platforms will provide key technical expertise, transparency and standards to enable meaningful climate finance flows."
Shandi J Modi- Founder IDEAcarbon
The core work of IDEAcarbon and the Carbon Rating Agency to date has been:
IDEAcarbon and the Carbon Rating Agency have been able to make noticeable contributions to Regions 20 in the assessment of clean energy and energy efficiency projects in their International Pipeline. The work that we have contributed towards the due diligence and rating of projects has helped set standards for investment, processing and monitoring- standards which are now available to all R20 Affiliates, funds and multilateral organisations.
The following presentation will provide more information on our Partnership: R20 IDEAcarbon
A notable success for our Partnership has been the establisment of our Regions Readiness for Climate Investment (RRCI) framework. The RRCI Review contains issues and parameters designed to address aspects crucial in highlighting various region specific climate investment risk concerns identified by financiers. It identifies actions necessary to make investment more attractive to domestic and foreign investors while highlighting areas for support. Sets pace for establishing an MRV framework by keeping track of climate action taken by regions on mitigation & adaptation policies, strategic objectives and actions. Provides the basis for sharing best practices and peer learning on policies
IDEAcarbon and R20 have designed the structure of a Pre-Investment Facility and developed it to an executable stage. The Pre-Investment Facility will enable the early-stage appraisal of renewable energy and energy efficiency projects and the promotion of “bankable” projects to investors. IDEAcarbon and R20 are also in discussions with several large-scale financial institutions with a view to providing investment. In addition to the Pre-Investment Facility, IDEAcarbon has also engaged with several R20 member regions to provide advisory and analytical services to help develop their climate finance infrastructure.
If you are a Multilateral organisation or private investor and are interested in participating in our Climate Investment inititativesm you can click here for more information on IDEAcarbon products, the Carbon Ratings Agency, or you may contact our team directly.
IDEAcarbon were proud to cohost the Regions 20 Conference in Vienna, which took place on January 31st and February 1st. The conference, opened by Former Governor Arnold Schwarzenegger, Federal Chancellor of Austria Werner Faymann and the President of the European Commission Jose Manuel Barroso, brought together an assembly of world leading practitioners that included international financing institutions, institutional investors, sovereign wealth funds, and policymakers from regions and states.
Distinguished speakers include:
Participants from all over the world present their clean energy strategies and best practices, technological solutions and innovative financing schemes, demonstrating how sub-national action is capable of generating attractive investment returns for private sector investors, as well as building sustainable economies and making clean sources of energy available to all.
Click here for more information on the Conference.
The IDEAcarbon editorial team has recently developed a new climate finance publication, available to R20 members. These quarterly updates are designed to contain the information on the latest developments in the climate finance arena, as well as providing intelligence on what key players are doing in this area.
The most recent edition, published on 17th January, contains a critical analysis of the Green Climate Fund, a critique of the California ETS and an interview with R20 Executive Director Christophe Nuttall.