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This stocktaking report by the Climate Policy Initiative and Convergence examines the intersection of blended finance, gender equality, and the energy transition in emerging markets and developing economies (EMDEs). It analyzes market trends, identifies systemic barriers to gender-responsive climate finance, and provides case studies of financial vehicles that integrate gender outcomes into clean energy projects.

This policy brief, produced by Transforma and WWF, advocates for increased policy coherence and synergies between the three Rio Conventions (Climate Change, Biodiversity, and Desertification) ahead of COP30 in Belém do Pará, Brazil. It emphasizes that integrating national plans for climate mitigation, adaptation, and biodiversity is essential for efficient resource use and effective environmental governance, particularly in Latin America and the Caribbean.

This policy brief from LeadIT, published by the Stockholm Environment Institute, examines the role of international financial institutions (IFIs) in financing the decarbonization of heavy industry within emerging and developing economies, identifying current barriers and recommending the use of blended finance and concessional capital to scale breakthrough technologies.

This report by Boston Consulting Group (BCG), the Global Resilience Partnership, and USAID outlines the business case for private sector investment in climate adaptation and resilience. It identifies three primary opportunities: 'Protecting' existing assets and supply chains, 'Growing' the market for adaptation solutions, and 'Participating' in public sector implementation. The analysis emphasizes that adaptation is no longer a theoretical risk but a business imperative, particularly in emerging markets and developing economies (EMDEs), where investments often yield high benefit-to-cost ratios.

This report by the Climate Policy Initiative (CPI) proposes an innovative operational model for International Financial Institutions (IFIs), specifically Multilateral Development Banks (MDBs), to increase the scale and quality of climate finance for Emerging Markets and Developing Economies (EMDEs). It advocates for a shift from project-by-project funding to national sectoral platforms, the large-scale use of risk-sharing instruments to catalyze private capital, and a comprehensive business model overhaul including an 'originate-to-distribute' approach to optimize balance sheets.

This report by the Climate Policy Initiative (CPI/PUC-Rio) analyzes forest replacement (reposição florestal) mechanisms in the Matopiba region (Maranhão, Tocantins, Piauí, and Bahia) of the Brazilian Cerrado. It evaluates current modalities—direct planting, replacement credits, and cash payments—and proposes innovative management tools based on case studies from other Brazilian states and federal initiatives to improve environmental restoration outcomes.

This report by RMI outlines financial and policy solutions to decarbonize long-term coal power purchase agreements (PPAs), using a representative Indonesian PPA as a case study to demonstrate how innovative financial mechanisms can reduce emissions while maintaining costs for taxpayers and earnings for investors.

This guide provides strategies for Project Preparation Facilities (PPFs) to help small and intermediary cities—defined as those with 10,000 to 200,000 residents—access climate finance. It addresses critical barriers such as limited municipal capacity, small project sizes that deter investors, and poor creditworthiness, which prevents borrowing on commercial terms. The document recommends tailored PPF interventions, including specific calls for proposals, project aggregation models, blended finance, and community-based funding instruments to unlock investment for low-carbon and resilient infrastructure.

The report proposes transforming fossil fuel electricity subsidies in the Dominican Republic into a blended finance model to install rooftop solar systems for low-to-middle income households and small businesses. By investing a few years' worth of subsidies into solar infrastructure, the government could eliminate the need for ongoing monthly subsidies, reduce carbon emissions, and lower long-term energy costs for citizens.

Climate Policy Initiative, Climate Bonds Initiative, and RMI have developed guidelines to manage the reputational and financial risks associated with Coal Transition Mechanisms (CTMs). These mechanisms aim to accelerate the retirement of coal plants and the expansion of renewable energy, particularly in emerging markets where 93% of coal capacity is protected from market pressures by regulation or long-term contracts.

This executive summary from the Climate Bonds Initiative outlines a comprehensive framework of 101 sustainable finance policies designed to align global capital flows with the 1.5°C warming limit. It argues that while the costs of climate action are high, the costs of inaction are higher, citing increased capital costs for vulnerable nations and credit downgrades for fossil-fuel-dependent sovereigns. The proposed framework is built on three pillars: providing clarity on green investments via taxonomies, tilting investment toward green opportunities through de-risking and carbon pricing, and building green investment pipelines for resilient development.

The Financing Steel Decarbonization (FSD) instrument is a proposed mechanism designed to accelerate the adoption of low-carbon technologies (LCTs) in the steel sector, specifically targeting India. It combines a blended debt fund (SDF) to provide patient capital with a service company (SDI) that offers technical assistance and implementation support to de-risk projects.

This report analyzes the potential for subnational pension funds to increase investments in climate-smart urban infrastructure. It defines subnational pension funds as those limiting membership by location (province, region, state, city) or occupation. The document identifies structural and external barriers to these investments, evaluates the landscape across seven countries, and proposes financial instruments and policy recommendations to mobilize this untapped capital for the climate transition.

This briefing paper by FSD Africa examines the necessity and mechanisms for mobilising private finance to preserve and restore natural capital across Africa. It identifies a significant annual financing gap of over $100 billion and proposes a 'triple bottom line' investment approach focusing on landscape financing, restorative agriculture, and sustainable supply chains. The document outlines the roles of various stakeholders, including central banks, international development partners, and impact investors, in creating a 'natural capital aligned' investor base through green bonds, carbon credits, and specialist funds.

This report by the Climate Policy Initiative explores financial aggregation as a strategy to overcome barriers to urban climate finance. It defines financial aggregation as the use of instruments or enterprises to combine multiple investments, participants, projects, or sectors to scale up financing for urban climate mitigation and adaptation. The document details supply-side and demand-side aggregation models, provides case studies from various global regions, and outlines the necessary enabling environments and stakeholder recommendations to implement these strategies.

This report by the Climate Policy Initiative outlines the climate finance landscape in Kenya, identifying a significant funding gap and a disproportionate flow of resources toward mitigation rather than adaptation. It proposes three innovative financial blueprints—the African Conservancies Fund, the Chyulu Hills Payment for Ecosystem Services, and the Green Village Savings and Loans Association—designed to mobilize private capital for underfunded adaptation sectors.

This policy brief by the South African Institute of International Affairs examines the barriers to and enablers of private sector climate finance in Africa. It argues that while significant investment is required to meet Nationally Determined Contribution (NDC) goals and adaptation needs, private investment is currently limited by regulatory, project, and economic risks. The document proposes a combination of regulatory reforms, credit enhancement mechanisms, and capacity building for borrowers to create a bankable pipeline of projects to attract private and impact investors.

This policy briefing examines the barriers to and enablers of private sector climate finance in Africa, emphasizing the need for supportive regulatory environments, credit enhancement mechanisms, and the development of bankable projects to meet the region's significant mitigation and adaptation funding needs.

The Africa Sustainable Forestry Fund II (ASFFII) is a USD 150 million private equity fund managed by Criterion Africa Partners that invests in sustainable forestry value chains across Africa, utilizing a blended equity structure to provide both mitigation and adaptation benefits.

The ARM-Harith Cities & Climate Transition Fund (The ACT Fund) is a mid-market greenfield infrastructure fund designed to expand sustainable infrastructure in West Africa. It utilizes a blended-currency mechanism to reduce financing friction at early project stages and mobilize local institutional investment through structured exit solutions.