BII allocates $25 million to GEF SAGF III for green initiatives in India

The UK’s development finance institution and impact investor, British International Investment (BII), has committed $25 million to the first closing of the GEF South Asia Growth Fund III (GEF SAGF III). The Fund will primarily target investments in India and some regions of southeast Asia in firms and projects that support the shift to a low-carbon and resource-efficient economy. The fund employs a unique and impactful climate finance approach by investing in three key areas (adaptation, mitigation, and circular economy) crucial for facilitating India’s shift towards an environmentally friendly and resilient economy.