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Monday, 03 March 2008 |
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Fiorello H. LaGuardia Foundation and its MOSAICO partner e³V worked with Tsinghua Venture Capital (THVC) to create China Environment Fund 2004, LP (CEF 2004), with a focus on renewable energy, energy efficiency, and other environmental technologies. MOSAICO assisted THVC to secure funding for the setup costs of the $30 million fund and to raise additional capital from European sources, supplementing the investment of the anchor investors, Hong Kong-based Leading Environmental Services and Solutions and the Asian Development Bank. The fund is a Cayman Island-domiciled venture capital fund with a target rate of return on its triple bottom line investments of 25%. |
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Monday, 03 March 2008 |
 BACKGROUND: MOSAICO projects are divided into two categories. “Category I” are small rural agriculture or infrastructure pilot projects aiming at demonstrating the financial viability of small-scale farmer-owned sustainable enterprises. “Category II” projects support access to financing for sustainable infrastructure and agriculture projects on a larger scale by supporting a local partner to form and to capitalize an equity fund.
The Brazil Renewable Energy and Energy Efficiency Financing Facility was initiated as “Category II” project, based on a pre-feasibility study conducted by MOSAICO partner Fiorello H. LaGuardia Foundation and its local partners Econotech (link to its website) and Globobank.
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Monday, 03 March 2008 |
 BACKGROUND: Brazil recently launched a major bio-diesel program that will start in 2008 with 2% bio-diesel added to fossil fuel-derived diesel. Significant incentives are already in place, with emphasis on the production of bio-diesel from castor bean oil. Part of the program focuses in the Northeast, the poorest region in the country, where the castor bean is very well adapted to the arid areas. Until now, little attention has been paid to the Amazonian region, in spite of the fact that there is a high potential for bio-diesel production from palm oil to replace fossil diesel that power generators in hundreds of off-grid communities (with total subsidies for the transportation of fuel diesel going up to about US$1.2 billion in 2005).
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