24.3.2023

Innovation program supports portfolio companies to develop new climate investment solutions in emerging markets

Currently, emerging and developing economies account for two-thirds of global greenhouse gas emissions1 and will need significant support in mitigating future growth of their carbon footprints. One way of providing this support is by enabling local actors to innovate and create more investable climate mitigation projects for these markets.

GCPF’s Technical Assistance team2 has recently launched an innovation program for partner institutions3. This pioneering initiative provides several months of tailored support to partners, including financial institutions and energy companies in emerging markets globally, to develop new ideas or methods that combat climate change in their own markets. Interested candidates receive access to training sessions on ideation, innovation, and pitching ideas, as well as one-to-one coaching sessions to help develop their concept.  

The first phase will culminate in the Global Climate Partnership Award, which will be presented in August 2023 to two partner institutions with the most impactful and innovative ideas. The winners will receive up to USD 50,000 to implement their concepts, while runners-up will be further supported with an in-person innovation sprint workshop to help develop their ideas further and to potentially qualify them for future financial and non-financial support.

Global climate mitigation objectives will only be achieved through a combination of public and private initiatives including innovative financing instruments such as this one. We look forward to being a part of the climate innovation journeys of our partners, and to finding a way, together, to implement their ideas.

________________________________________________________________________________________

1 IMF, Global Financial Stability Report, October 2022

2 The Technical Assistance team has the mandate to support investees through capacity-building and peer-learning activities and receives financial support from the German Federal Ministry for Economic Affairs and Climate Action (BMWK) and the UK’s Department for Energy Security and Net Zero (DESNZ) and the Fund to fulfil this mandate.

3 Note that this program and the subsequent awards are only open to existing investees of the climate finance vehicle.

    Feb 11, 2026

    GCPF Commits EUR 12 Million Green Loan Facility to Fondi BESA in Albania

    The Global Climate Partnership Fund (GCPF) has signed a senior unsecured EUR 12 million green loan facility with Fondi BESA, Albania’s largest regulated non-banking microfinance institution. The facility aims to support the expansion of green lending to households and micro, small and medium-sized enterprises (MSMEs), strengthening access to energy-efficiency and renewable energy investments in a market where dedicated green finance remains nascent. The transaction is part of GCPF’s climate-focused blended finance strategy and is advised by Swiss impact asset manager responsAbility Investments AG.

    Feb 10, 2026

    GCPF Participates in USD 150 Million Syndicated Facility to Support Green and Inclusive Finance in Mongolia

    The Global Climate Partnership Fund (GCPF) has participated in a USD 150 million FMO-led syndicated loan facility for XacBank, one of Mongolia’s leading systemically important banks. The transaction builds on the long-standing partnership between GCPF and XacBank and supports the further expansion of green lending and inclusive finance in the country.

    Jan 8, 2026

    GCPF Backs NSIA Banque Benin with EUR 15m Green Finance Facility

    The Global Climate Partnership Fund (GCPF) has committed a EUR 15 million green loan facility to NSIA Banque Benin, marking one of the first bilateral green loans to Benin’s private banking sector. The facility is part of GCPF’s climate-focused blended finance strategy and is advised by Swiss impact asset manager responsAbility Investments AG.