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GIB inks Mexican partnership deal

The UK Green Investment Bank (GIB) has signed a two-year collaboration agreement with Mexican government-backed development bank Nanfin, and launched a Spanish-language version of its green investment handbook.

According to the GIB, the pact will see it share knowledge and best practice on green finance, renewable energy and energy efficiency projects. Meanwhile, the newly translated handbook is aimed at supporting green infrastructure investment in Latin America and the Caribbean.

The booklet’s publication follows energy secretary Amber Rudd’s launch of a Chinese-language version on a trade mission to Beijing last month.

GIB chief executive Shaun Kingsbury said the two-year agreement with Mexico underscored the extent to which green infrastructure was a “huge” global growth market.

“We have a growing policy consensus among countries, a range of proven technologies with falling costs ready to deploy at scale, and a growing group of investors ready to back projects,” he said.

“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 handbook and translated it into Spanish.

“There is much that the UK and Mexico stand to learn from one another. The handbook will play a central role in our relationship as we work together to increase green infrastructure investment in our respective countries and beyond.”

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