The UK Green Investment Bank (GIB) has announced that it has signed a partnership agreement with Mexican government-backed development bank, NAFIN, which will see them share knowledge and best practice on green finance, renewable energy and energy efficiency projects.
The two-year agreement also sees the launch of a Spanish version of the GIB’s ‘Green Investment Handbook’, which outlines the methods GIB uses to asses, monitor and report on its investments – it is hoped that the handbook will support investment in green infrastructure in the Spanish-speaking communities of Latin America and the Caribbean.
The agreement underlines GIB’s commitment to share its market-leading experience in green investment, Mexico’s efforts to boost sustainable development, and the role NAFIN is playing in fostering and financing sustainable projects across the country.
The signing of the Memorandum of Understanding is a feature of 2015’s ‘Dual Year Mexico-UK’, which celebrates and deepens the respective countries’ economic, financial, political, cultural and social ties.
Shaun Kingsbury, Chief Executive, UK Green Investment Bank, said: “Green infrastructure is a huge growth market across the world. We have a growing policy consensus amongst countries, a range of proven technologies with falling costs ready to deploy at scale and, a growing group of investors ready to back projects. To move this vital market further into the financial mainstream it is important that we have better standardisation and consistency in how we assess the green impact of projects. That is why we have published our Green Investment Handbook and have translated it into Spanish as part of a wider MOU with NAFIN.
“We are delighted to be partnering with NAFIN to exchange experience and ideas. There is much that the UK and Mexico stands to learns from one another. The Green Investment Handbook will play a central role in our relationship as we work together to increase green infrastructure investment in our respective countries and beyond.”