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The report examines the barriers to private capital investment for waste-sector methane reduction in emerging markets and proposes a framework to identify high-impact, low-risk investment hubs.

This report by Ember and the Climate Vulnerable Forum (CVF) argues that falling costs for 'electrotech'—solar, batteries, and electric end-use technologies—provide a faster and cheaper path to energy access and economic development for emerging markets than traditional fossil-fuel-based models. It highlights how many CVF nations are already leapfrogging developed economies in solar penetration and electrification, reducing their dependence on expensive fossil fuel imports.

The Uganda Development Bank (UDB) has designed a Currency Risk-Sharing Facility (CRSF) to scale up local-currency climate lending through its Climate Finance Facility (CFF). Developed via the FiCS Innovation Lab with technical support from the Climate Policy Initiative, the University of Leeds, and City St. George’s University of London, the CRSF aims to reduce foreign exchange (FX) exposure for UDB when borrowing in hard currencies (USD/EUR) and on-lending in Ugandan shillings (UGX). The instrument employs a layered risk-sharing approach, combining partial hedging with a tail-risk FX guarantee to protect against severe UGX depreciation while remaining more affordable than full hedging.

The report 'The EV leapfrog' by Ember analyzes global electric vehicle (EV) trends in 2025, highlighting how emerging markets in Southeast Asia and Latin America are rapidly increasing EV adoption and overtaking advanced economies like the US and Japan in sales shares.

The China Energy Transition Review 2025 by Ember analyzes China's rapid shift toward clean energy and electrification, detailing how its domestic policies and manufacturing scale are driving down global costs and pushing global fossil fuel demand toward a structural decline.

A retrospective report by the Climate Policy Initiative (CPI) detailing ten years of the Global Innovation Lab for Climate Finance (the Lab). The document analyzes the Lab's role as a market-builder and pipeline incubator, sharing lessons on balancing financial innovation with actionability to mobilize private capital for climate mitigation and adaptation in emerging markets.

This report by the Climate Policy Initiative analyzes how currency risk—specifically the mismatch between hard-currency debt and local-currency revenues—inhibits climate finance in emerging markets and developing economies (EMDEs). It evaluates standard hedging tools and five innovative models designed to lower the cost of capital and deepen local financial markets to catalyze international private investment.

This input paper for the G20 Sustainable Finance Working Group, prepared by the India Initiative on Climate Risks and Sustainable Finance (led by Climate Bonds Initiative), examines the role of policymakers in mobilising private finance for the decarbonisation of the steel and cement sectors. It emphasizes the critical nature of the current decade for transition, particularly in emerging markets, and argues that credible corporate transition plans are essential for unlocking private capital through instruments like sustainability-linked bonds (SLBs). The report also highlights a significant gap in the integration of 'just transition' principles within corporate planning.

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.

The Climate Policy Initiative (CPI) proposes the establishment of a Global Credit Guarantee Facility (GCGF) to reduce the cost of capital for renewable energy investments in emerging markets and developing economies (EMDEs). The facility would primarily mitigate credit risk—including sovereign, off-taker, and average foreign exchange risk—through partial guarantees, while transferring political and residual FX risks to existing institutions like MIGA and TCX.

The Capital Mobilization Roadmap is a discussion draft by the Climate Policy Initiative (CPI) that outlines pathways to mobilize private capital for climate and development priorities. It focuses on four high-impact areas: reducing credit risk through purposeful guarantees, mitigating currency risk via market creation and local currency lending, scaling project development models to reduce development risk, and reforming Multilateral Development Bank (MDB) incentives to prioritize private sector mobilization over institutional volumes.

This research paper by the Climate Policy Initiative (CPI) examines the disparity between solar energy potential and installed capacity in developing economies, attributing the gap to high costs of capital driven by sovereign and off-taker risks. The authors propose the establishment of a Global Credit Guarantee Facility (GCGF) to de-risk cross-border financing and lower risk premiums for renewable energy projects in Emerging Market & Development Economy (EMDE) countries.

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.

The Green Guarantee Company (GGC) is a specialist guarantor designed to help public and private sector borrowers in emerging and frontier markets access long-term hard currency debt from global institutional investors for climate adaptation and mitigation projects. Managed by the Development Guarantee Group (DGG), the GGC provides full guarantees for bonds and loans of 5-20 years, aligned with the Climate Bond Standard (CBS), to mitigate sovereign and currency risks. The instrument includes a Technical Assistance (TA) facility to build issuer capabilities and market readiness. The GGC aims to catalyze approximately USD 10 billion in commercial term debt over its first decade, targeting sectors such as energy, transport, water, buildings, and waste, with an initial pilot phase in South Africa.

This fact sheet by the Climate Bonds Initiative outlines five collective actions required to scale annual green bond issuance to 5 trillion dollars by 2025 to effectively address climate change risks.

This executive summary of the 2021 report 'O Estado do Financiamento Climático das Cidades' (The State of City Climate Finance), produced by the Cities Climate Finance Leadership Alliance (CCFLA), analyzes current urban climate investment levels, identifies barriers to funding, and proposes frameworks to mobilize the necessary capital for low-carbon and resilient urban development.

This RMI insight brief argues that the global climate finance system must evolve from a focus on 'direct access' to multilateral funds toward establishing national institutions, specifically Green Investment Banks (GIBs), to ensure true country ownership. The authors posit that for large emerging markets, national GIBs can better mobilize domestic private capital and coordinate financial flows to achieve nationally determined commitments (NDCs) than current international structures.

This report summarizes the Sixth Annual Meeting of the San Giorgio Group, held on 8-9 May 2017 in Venice. The discussions focused on scaling up green, low-emissions finance by improving climate finance tracking, evolving financial architecture in emerging markets, overcoming funding constraints for cities, utilizing innovative financial instruments, and enhancing climate risk disclosure to accelerate the implementation of Nationally Determined Contributions (NDCs).

This case study describes the impact of the World Resources Institute's (WRI) New Ventures project, highlighting the Brazilian company Ouro Verde as an example of a sustainable enterprise that provides economic value to the Amazon rainforest through the sale of Brazil nut products.

This report by the Climate Bonds Initiative examines the role of European Development Finance Institutions (DFIs) in mobilising private capital to address the global climate investment gap, which is estimated between USD 2.5 trillion and USD 4 trillion annually.