The United States and Nordic countries launch joint funding initiative to increase climate investments in emerging and developing markets
4 December 2023 COP28, Dubai, United Arab Emirates Nordic countries and the United States launch the Investment Mobilization Collaboration Arrangement (IMCA) a new blended finance collaboration to mobilize billions of dollars in developing countries and emerging markets. The collaboration will enable private capital for investments in climate mitigation and adaptation, biodiversity and nature-based solutions. IMCA is a unique coordination mechanism that utilizes an innovative public-private partnership approach that will create concrete pipeline collaboration and