GCF and Meridiam unveil ambition and opportunities for impactful climate investments

The Green Climate Fund (GCF) and Meridiam convened a joint Investor Forum in Paris in early October 2024 to identify opportunities to mobilize and scale up capital for more ambitious climate action in developing countries. 

A common vision and ambition were shared during the event:

• Unlocking billions of dollars of private sector capital is a win-win situation for developing countries on the frontlines of the climate crisis and investors seeking growth opportunities.
• Close collaboration and partnerships to accelerate momentum to increase private sector investment in climate resilience is key to enabling developing countries to meet their climate mitigation and adaptation goals and open new markets and business opportunities in developing countries.

GCF has committed USD 15 billion to 270 climate projects worldwide, of which USD 5.5 billion is dedicated to 63 private sector projects. It intends to accelerate its climate investment and deploy approximately USD 1 billion annually until 2027, unlocking private capital for climate projects in developing countries. The Fund’s portfolio of projects addresses various areas, from energy supply transition to decarbonization of industry and supply chains, climate-resilient infrastructure, nature-based solutions, and climate start-ups.