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Catalytic Finance Foundation

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Catalytic Finance Foundation (formerly known as R20 - Regions of Climate Action)
TypeNon-profit environmental organization
PurposeAs a finance initiatives incubator and technical assistance provider, Catalytic's mission is to accelerate the design and deployment of catalytic finance solutions for sustainable infrastructure.
HeadquartersChemin de Balexert 7-9, 1219 Geneva, Switzerland
Location
Official language
English, French
Founder
Arnold Schwarzenegger
Key people
David Albertani, CEO, Terry Tamminen (Strategic Advisor to the Founding Chair)
Websitecatalyticfinance.org

Catalytic Finance Foundation (formerly known as The R20 – Regions of Climate Action) is a non-profit environmental organization founded in September 2011, by former governor of California, Arnold Schwarzenegger, with the support of the United Nations.[1][2][3]Catalytic was later incorporated as a Foundation in 2017 in Geneva, Switzerland[4], and refined its mission: to accelerate the design and deployment of finance vehicles for sustainable infrastructure at subnational-level. ​It acts both as 1) a “Climate Infrastructure Funds Incubator” promoting blended financial mechanisms to mobilize capital for projects aiming at achieving the Sustainable Development Goals (SDG), and 2) a climate infrastructure advisor providing technical assistance to improve the bankability of infrastructure projects​.

Accordingly, the Foundation helps sustainable infrastructure projects to be better prepared for accessing more financing options in sectors such as:  agriculture, waste management, urban transportation, energy efficiency, and renewable energy production. The Foundation, through a bottom-up approach, promotes collaboration with international, multilateral, and bilateral development organizations, financial institutions, companies, non-governmental organizations, civil society, and academic bodies. The Foundation aims to be a source of cooperation and partnership with stakeholders around sustainable infrastructure projects. The Foundation serves the public good and is not-for-profit. It is independent and does not defend interests from any political or ideological point of view. In its activities, the Foundation conducts itself with independence and impartiality.

Mission and Methodology[edit]

R20 founder Arnold Schwarzenegger speaks at the R20 AUSTRIAN WORLD SUMMIT 2017 in Vienna

Founded on the principle that tackling climate change requires “Less talk, more action”, R20 works with a strong sense of immediacy to ensure that sub-national governments’ ability to mitigate and adapt to climate change is unlocked.

While sub-national governments (provinces, regions, cities, etc.) are at the center of R20's work, the NGO recognizes that fast-tracking the transition to inclusive, resilient and low-carbon societies requires greater mobilization and collaboration between a wide range of stakeholders. This is why R20's approach aims to “connect the dots” and foster understanding and interconnection between policy-makers, clean technology providers and public-private investors throughout the whole project development value chain.[5]

An integrated approach to accelerate green infrastructure development and financing.[edit]

Through collaboration and with support from many partners, including the Leonardo DiCaprio Foundation, R20 has created a unique value chain approach that facilitates the identification, structuring, development (or bankability) and financing of green infrastructure projects.[6] Sub-national governments from around the world can benefit from this unique one stop shop to improve the sustainability of their regions.

  1. Project Identification: R20 works with sub-national governments and other networks of regions to identify potential green infrastructure projects and secure political support for their development.
  2. Project Structuring: Together with Foundations and academic institutions, R20 conducts workshops and training programs to facilitate the structuring and design of projects identified.
  3. Project Bankability: R20 works with its corporate partners to help project developers perform feasibility studies and ensure bankability of projects.
  4. Project Financing: R20 works with Foundations and Impact Fund Managers to provide and attract investment capital to fund project implementation.
  5. Project MRV: R20 works with MRV standards and implementer to Measure, Report and Verify projects contributions to GHG emission reduction and impact towards the SDGs.[7]

Governance Board[edit]

Since June 2017, R20 consists of R20 – Regions of Climate Action (Association) and the R20 Foundation, which work as two complementary entities. The association carries out day-to-day operational duties, and the foundation manages important investment decisions.


R20 Foundation

The R20 Foundation is the entity responsible for almost all aspects of funding of the R20 Association and its operations. It was created at the request of a number of investors interested to invest in the R20 ecosystem of blended finance.[8]

With a board of directors composed of green finance leaders, the R20 Foundation meets the demands of development banks, sovereign funds, private bans, private equities, family offices and pension funds. The current board is composed of Armand Jost, founder and CEO of SB3i (chairman), Dr. Patrick Scheurle, CEO of BlueOrchard Finance Ltd., Craig Cogut, chairman and president of Pegasus Capital Advisors, Dr. Andreas Mattner, chairman of the executive committee, «Lebendige Stadt» Foundation, Terry Tamminen, CEO of the Leonardo DiCaprio Foundation, Chrisophe Dossarps, CEO of the Sustainable Infrastructure Foundation and Dr. Frannie Léautier, founder and managing partner of Ezembat Group.[8]

R20 is headquartered in Geneva, Switzerland and benefits from a unique concentration of international organizations, financial institutions, NGOs and academia that the NGO can work with to further its mission.

History[edit]

During his tenure as Governor of the State of California from 2003 to 2011, Arnold Schwarzenegger was responsible for signing into law groundbreaking legislation that translated the Kyoto Protocol into Californian law. This and other initiatives is what led President Obama to ask Governor Schwarzenegger to obtain similar commitments from thirty other US States.

A. Schwarzenegger's success in implementing action at the sub-national level, and his ability to demonstrate the potential to scale this impact by replication at the sub-national level is ultimately what gave birth to the R20 Regions of Climate Action.

In December 2009, after evaluating the failure of the COP15 to agree on the practical means to limit carbon emissions, Gov. Schwarzenegger, with the support from the UN Secretary General Ban Ki Moon, decided to create a new coalition of Regions committed to action. He met with a number of heads of regions, including Governor Uduaghan from Delta State, Nigeria, President Charet from the Province of Quebec, Canada, President Huchon and Vice President Michèle Sabban from Region Ile de France, and 17 other representatives from other Regions, who all decided to create R20 Regions of Climate Action.

In September 2010, Governor Schwarzenegger organized the Third Global Governors Climate Summit in Sacramento and launched the R20 Charter, which was signed by representatives of Regions, national governments, NGOs, foundations, private companies and finance institutions. In September 2011, the First constitutive General Assembly of R20 marked the official creation of the NGO. Linda Adam, The California Environmental Protection Agency State Secretary, was officially elected president of the R20 Board and Terry Tamminen was nominated as R20 special advisor to Governor Schwarzenegger, the honorary founding chair of R20.

In January 2012, Dr. Christophe Nuttall, director of the UNDP Hub for Innovative Partnership, officially joined R20 as executive director.

From 2013 to 2017, Michèle Sabban took on the R20 presidency.

In June 2017, Magnus Berntsson, president of the Regional Council of Västra Götaland and president of AER, was elected as the new R20 president.[9]

Since 2017, R20 organises the annual climate conference Austrian World Summit in Vienna.

See also[edit]

References[edit]

  1. ^ "R20 Contact Us". R20 Regions of Climate Action. Retrieved 2 May 2012.
  2. ^ "R20 About Us". R20 Regions of Climate Action. Retrieved 2 May 2012.
  3. ^ "The Global Journal". The R20, More Gas Than the G20. Retrieved 3 May 2012.
  4. ^ "CATALYTIC FINANCE FOUNDATION (Catalytic)". Central Business Name Index (Confederation Suisse).
  5. ^ "About R20| Fast-tracking the transition to a low-carbon green economy". R20 - Regions of Climate Action. Retrieved 2018-12-11.
  6. ^ "About R20| Fast-tracking the transition to a low-carbon green economy". R20 - Regions of Climate Action. Retrieved 2018-12-11.
  7. ^ "Value Chain Approach". R20 - Regions of Climate Action. Retrieved 2018-12-11.
  8. ^ a b "R20 Annual Report 2017" (PDF). R20 Annual Report. 2017.
  9. ^ "About R20| Fast-tracking the transition to a low-carbon green economy". R20 - Regions of Climate Action. Retrieved 2018-12-11.

Further reading[edit]

External links[edit]

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