Interview: Climate Investment Funds head Mafalda Duarte on batteries, the green taxonomy and the need for EU climate leadership

Mafalda Duarte, head of Climate Investment Funds, talks to ENDS about the latest green technology shifts, the state of international climate finance and the EU's potential to be a global climate leader.

When the European Parliament declared climate emergency, MEPs noted that pledges by developed countries do not meet the UN’s collective goal of $100bn of investment per year from 2020. According to Mafalda Duarte, the head of Climate Investment Funds (CIF), one of the largest multilateral climate finance mechanisms, “Europe needs to play a leadership role” to aid climate change adaptation in lower and middle-income countries. 

Duarte, manager of the $8.3bn fund, outlined why all eyes are on Europe when it comes to climate finance ambition and what makes an investment ‘sustainable’. 

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