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Financing Innovations in Climate Mobility

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Financing Innovations in Climate Mobility

The accelerating impacts of climate change on human mobility demand coordinated action across sectors. Despite some progress, last year’s sharp cuts to development, humanitarian, climate, and migration funding for developing countries have worsened many scenarios. Donor nations and private sector investors must step up — but what does meaningful and innovative investment in climate mobility look like?

How can donor support be better used to back fit‑for‑purpose measures across the “spectrum of climate mobility”, prevent displacement where possible, strengthen the resilience of those who stay, and enable safe, dignified, and voluntary mobility when needed? How can investment protect well‑being, reduce risk, and transform climate mobility into an opportunity for more resilient, equitable societies?

Join Carnegie’s Sustainability, Climate, and Geopolitics program for a panel discussion moderated by Alejandro Martin Rodriguez featuring Hon. Senator Dr. Joyelle Clarke, Dilpreet Sidhu, and Vel Gnanendran, bringing together climate, mobility, and finance experts, as well as national and city government leaders, to discuss the role that innovative financing can play in promoting climate mobility solutions that can improve the resilience and adaptation capabilities of societies. More speakers will be announced soon.

Lunch will be served from 12:00pm – 12:30 pm. The panel will take place from 12:30 pm – 2:o0 pm.

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Finance

UNEP FI’s Climate Pathways Navigator

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UNEP FI’s Climate Pathways Navigator

The UNEP FI Climate Pathways Navigator is a unique tool that gives financial institutions direct access to the climate scenario data they need to make informed, science-based decisions on their decarbonization pathways.

The tool helps financial institutions to set individual science-based targets, inform their transition plans and those of their clients and better engage clients and investees on climate action by having the right data available to them in one place.

Developed by UNEP FI in collaboration with banks, investors, insurers, and export credit agencies, the International Institute for Applied Systems Analysis (IIASA), and the Potsdam Institute for Climate Impact Research (PIK) it directly links to the Intergovernmental Panel on Climate Change (IPCC) scenarios database and those designed by industry. It cuts through hundreds of complex climate scenarios to make available the exact sectoral and regional data points financial institutions need, in one easy-to-use interface.

UNEP FI works with its members on how to mitigate and adapt to the commercial risks and opportunities they face due to climate change through the Principles for Responsible Banking (PRB) and Principles for Sustainable Insurance (PSI). This easy-to-use visual interface complements that work and addresses a critical need across the finance industry for practical, user-friendly climate analysis resources.

The tool is available at no cost to UNEP FI members and the broader financial community, governments, and policymakers.

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Access the tool here

  

Benefits of the tool
  • Enables financial institutions to improve their target setting, find the right scenarios for transition planning, and make well-informed and science-based decisions on decarbonization pathways.
  • Financial institutions can download data from one source and use in their existing systems.
  • Compare sectoral pathways across key datapoints tailored for target-setting. 
  • Compare the same sector across regions; highlight divergent points and timing. 
  • Filter hundreds of scenarios in seconds to find those that align with your target decarbonization ranges and transition plans.
  • The tool brings together Intergovernmental Panel on Climate Change (IPCC) scenarios as well as those designed by industry, as has never been done before, in one platform.
  • Provides a common reference point for dialogue between financial institutions, corporates, governments, sector associations, and NGOs on how to enable the low-carbon transition.
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Testimonials
Derya Sargın Malkoç

Unit Manager, Investor Relations and Sustainability Division, Isbank

“Navigating the climate transition is no longer optional for the banking sector; it is central to how we do business. The Climate Pathways Navigator serves as a bridge, transforming high-level climate science into clear, actionable signals for the transition pathways that financial portfolios must follow.”

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Jean-Francois Coppenolle

Investment Director, Abeille Assurances

“As an investor dealing with rapidly evolving climate risks, I look for tools that convert scientific complexity into actionable insight. The Climate Pathways Navigator offers exactly that: clear, intuitive access to sector‑specific and regional insights drawn from leading climate scenarios.”

Moreno Capretti

Unit-Linked and Pension Investments, Intesa Sanpaolo Assicurazioni

“The Climate Pathways Navigator brings together hundreds of climate scenarios. By translating complex IAM datasets into clear sectoral indicators, it helps financial institutions compare pathways across models and use them more effectively for scenario analysis and target setting.”

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Frequently Asked Questions
  • Power
  • Steel
  • Cement
  • Transport (with sub-sector clusters for road, shipping, and aviation)
  • Buildings (residential and commercial)

The tool can provide data on the world, regional groupings (see list below) and multiple individual countries.

  • Africa
  • China+
  • Europe
  • India+
  • Latin America
  • Middle East
  • North America
  • Pacific OECD
  • Reforming Economies
  • Rest of Asia
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IPCC 6th Assessment Report Scenarios (2022), curated scenarios from the Scenario Compass Ensemble, and Sectoral Decarbonization Pathways developed by organizations such as the International Energy Agency, the One Earth Climate Model, or Mission Possible Partnership. Visit the About page for more information on available scenarios.

  • Direct emissions: From fossil fuel combustion within each sector.
  • Process emissions: Non-fossil fuel emissions arising from industrial processes, such as cement and steel production.
  • Indirect emissions: Emissions from the production of electricity, heat, and hydrogen from fossil fuels, allocated to end-use sectors based on projected consumption.

Emissions are reported for CO₂ alone or for all greenhouse gases (Kyoto gases: CO₂, CH₄, N₂O, HFCs, PFCs, SF₆). Sectoral Decarbonization Pathways cover different scopes and gas combinations. For Systemic Climate Pathways, we have calculated multiple scope variations where underlying data is permitted.

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Yes, all data is downloadable via CSV file through the Data Explorer tab.

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The categories are defined by the probability of returning to a given temperature by end of century:

  • 1.5°C – 50% probability of returning to 1.5°C by end of century
  • Below 2°C – Two-thirds chance of reaching 2°C by end of century
  • Above 2°C – Less than one-third chance of reaching 2°C by end of century

The first two categories correspond to alignment with the Paris Agreement. The ‘above 2°C’ category is a grouping of scenarios defined by probability thresholds, not by a specific projected temperature outcome. It does not break down each scenario’s individual projected output.

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Contact

To find out more about the tool, contact Jes Andrews, Co-Head of Climate at UNEP FI.

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2025 losses ding rating agency’s financial outlook for Highmark Inc.

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2025 losses ding rating agency’s financial outlook for Highmark Inc.

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Finance

UK Film & TV Fund Allegro Finance Secures $2.6M Working Capital Facility

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UK Film & TV Fund Allegro Finance Secures .6M Working Capital Facility

London-based film and TV lending platform Allegro Finance has secured a £2 million ($2.6M) working capital facility from Beechbrook Capital, through funds managed on behalf of the British Business Bank.

The announcement of the facility follows Allegro Finance’s official launch last week of a $500 million credit facility dedicated to film and television production, with entities advised by Elliott Advisors UK Limited.

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Allegro was launched in 2024 by film and TV finance, structured credit and investment banking veterans Jamie Lowe, Peter Touche and Sam Collett.

“This working capital facility is a powerful catalyst for Allegro’s growth and we are grateful for the support from Beechbrook and the funds they manage on behalf of the British Business Bank,” said Collett.

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“It enables us to scale the platform and deploy private institutional capital into the UK film and television sector at a level not previously seen. This is precisely how public capital can unlock private investment, support high-growth businesses and strengthen one of the UK’s most globally competitive industries.”

Allegro’s funding line will be deployed across a diversified international slate of film and television productions in line with Allegro’s ambition to become the leading non-bank senior lender to the global screen industries.

Paul Shea, Managing Partner of small and medium-sized businesses lender specialist Beechbrook Capital, said the creation investment was good fit for the funds the company manages on behalf of the British Business Bank.

“All our funds seek to support growth and job creation, and this investment is no different. The UK’s creative industries are a vital part of the economy, employing hundreds of thousands of people and driving significant cultural and economic value,” said Shea.

British Business Bank Managing Director and Co-Head of Funds Adam Kelly pointed to the fact that creative industries are a key part of the UK’s industrial strategy.

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“The UK’s creative industries play a vital role in the government’s Industrial Strategy, employing 2.4 million people and contributing £124bn of Gross Value Added to the economy. By providing finance to Beechbrook Capital, and in turn supporting specialist platforms like Allegro Finance, we support businesses to access the finance they need to start, scale and stay in the UK,” he said.

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