Rondônia

Distrito Federal

Roraima

Espírito Santo

Rio Grande do Sul

Goiás

Santa Catarina

Maranhão

Sergipe

Minas Gerais

São Paulo

Mato Grosso do Sul

Tocantins

Mato Grosso

Pará

Paraíba

Acre

Pernambuco

Alagoas

Piauí

Amazonas

Paraná

Amapá

Rio de Janeiro

Bahia

Rio Grande do Norte

Ceará

Brazil

This project scales up access to climate finance in low- and middle-income countries by developing green bond markets that mobilize investment in low-emission development. It supports GCF’s strategic goal of mobilizing private finance through innovative, market-based instruments.

Scaling low-emission development in the participating countries is constrained by limited capital, underdeveloped financial ecosystems, and few instruments to attract private investment. These countries also face acute climate vulnerability and mounting risks to their economic and social systems. Strengthening local capital markets is essential to bridge financing gaps and channel resources toward mitigation priorities.

The project aims to mobilise climate finance in low- and middle-income countries by supporting the development of local green bond markets. Through a dedicated investment fund, capital from development finance institutions and private investors will be used to finance climate mitigation projects, while parallel EU-led facilities support capacity-building and lower borrowing costs for bond issuers.

 GCF will invest EUR 200 million (approximately USD 227 million) in equity through the initiative’s fund to support mitigation projects across ten participating countries. The project will prioritise small-scale, low-carbon energy systems and create investment opportunities in hard-to-abate sectors such as transport, helping to channel private capital toward national decarbonisation efforts.

The Amazon Basin is highly vulnerable to the impacts of climate change, experiencing extreme events such as prolonged droughts and an increase in temperatures and flood frequency. These climate challenges impact water security, agriculture, ecosystems, and human health while exacerbating socio-economic vulnerabilities such as poverty and inequality.

The Basin’s forests, which serve as a global carbon sink, face risks of degradation, which threatens biodiversity and further accelerates climate change. Addressing these challenges requires urgent, coordinated interventions to enhance water security, protect ecosystems, and build resilience for vulnerable populations.

This programme will target the anticipated impacts of climate change on water availability and ecosystem services in the Amazon Basin and improve climate resilience and water security. This will be achieved by adopting an integrated water resource management (IWRM) approach, which focuses on vulnerable communities, particularly Indigenous Peoples, and employs adaptation measures such as enhanced hydroclimatic information systems, early warning systems, and climate-resilient water and sanitation infrastructure.

Key activities include improving knowledge and access to information on climate change impacts on water security, enhancing preparedness for extreme and gradual climate events, catalysing investments for climate-resilient and low-carbon water supply, sanitation, and waste technologies and infrastructure, developing an enabling environment for climate change planning and investment, and creating mechanisms to ensure inclusivity and diversity in the interventions across the participating countries.

Decarbonization of Energy-Intensive Value Chains Project implemented by International Bank for Reconstruction and Development (IBRD)

Energy Transition for The Northeast Region of Brazil implemented by International Bank for Reconstruction and Development (IBRD)

Geography

Brazil

Recent documents

Adaptation Fund

Climate Investment Funds

Green Climate Fund

Global Environment Facility