Southeast Asia faces a dual crisis of escalating greenhouse gas emissions and severe vulnerability to climate change. Rapid decarbonisation is needed, but there is a climate finance gap. While countries have ambitious emission-reduction targets, they cannot achieve them without additional financial support. Small and medium-sized enterprises (SMEs), in particular, are essential for deploying local climate solutions, but they are critically underserved by traditional capital markets due to various barriers.
The Navis Decarbonization Fund I is a private equity fund managed by Navis Capital Partners, which will target growth-stage SMEs across decarbonisation and climate-resilience sectors (e.g., energy access and power generation, low-emission transportation, infrastructure and the built environment, and sustainable agriculture and water) in four countries (Indonesia, Thailand, Malaysia, and the Philippines).
By deploying capital across SME investments, the fund aims to demonstrate the commercial viability of climate-focused SMEs. With GCF equity serving as an anchor investor, the fund will catalyse finance in decarbonisation sectors and enable sufficient scale and diversification.
The programme was developed under GCF's Project-specific Assessment Approach (PSAA).
