The Luxembourg ministry of finance has partnered with Schroders’ impact investment subsidiary BlueOrchard on a strategy which aims to channel private and public investment into closing the climate finance funding gap. BlueOrchard will act as investment manager while Schroders provides AIFM services. The strategy will focus on climate mitigation and adaptation, and protection of water and biodiversity. It will operate across asset classes and emerging and developed markets, and look to invest in “solutions that address the environmental goals of the Paris Agreement and the UN SDGs”. Press release here.