Investors
GCF works with the public and private sectors to co-finance climate solutions, de-risk investments, and mobilise capital for global impact.
Mobilising private capital is essential to meet the scale of climate action
The global climate challenge cannot be met solely through public finance. The private sector, with significant global assets under management, has a critical role in directing capital toward climate solutions. Private sector financing is central to unlocking climate investment at scale in developing countries.
The Green Climate Fund plays a pivotal role in mobilising private-sector climate finance. GCF partners with investors to unlock opportunities that accelerate climate solutions and drive sustainable growth in developing countries.
GCF’s risk appetite and flexible financing instruments — including concessional debt, equity, guarantees, and grants — enable it to de-risk climate investments and support the development of bankable opportunities across sectors such as energy, transport, infrastructure, and nature-based solutions. This approach helps crowd in investment, catalysing private sector capital by strengthening project viability and mobilising finance beyond GCF’s own resources.
GCF also supports investors throughout the project lifecycle, from early-stage development to mature investments, enabling the creation of fit-for-purpose structures that mobilise additional capital
By aligning investments with developing country needs and fostering partnerships across financial institutions, corporations and funds, GCF helps investors deliver both financial returns and measurable climate impact.
The creation of the Global Green Bond Initiative Fund, and this first significant commitment from the Green Climate Fund demonstrates that we can build impactful blended finance investment solutions. The GGBI fund aims to mobilise public and private capital to finance climate transition in emerging markets – one of the defining challenges of our time.
CEO of Amundi
Portfolio overview
- 2.96B Senior loans
- 2.42B Equity
- 709M Subordinated loans
- 512M Grants
- 300M Reimbursable grants
- 266M Guarantees
- 8.12B Grants
- 3.78B Senior loans
- 725M Results-based payment
- 180M Reimbursable grants
- 141M Guarantees
- 7M Equity
GCF provides a broad suite of financing instruments designed to mobilise private capital, combining concessional and market-based tools to structure investments and address risks across diverse climate projects and market segments.
GCF's financing toolkit includes concessional debt, equity, grants and guarantees, applied flexibly across the project lifecycle. These instruments enable tailored investment structures, support co-investment partnerships, and help de-risk projects, making climate opportunities more accessible and scalable for private investors.
What GCF looks for in project ideas
We use a partnership approach to co-create climate impact-oriented investment structures that are scalable and support market development.
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Climate rationale
A strong climate rationale is essential to onboard an idea. Each idea needs to be justified based on its intended climate impact.
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Additionality
GCF funding must demonstrate additionality by de-risking sectors, addressing market failures, crowding in private financing, and adhering to the principle of minimum concessionality.
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Country-driven approach
A country-driven approach demonstrated by in-country stakeholder engagement and alignment with national climate priorities and climate targets (NDCs). This would be accompanied by a no-objection letter from the government.
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Investment alignment
Fit-for-purpose structure and appropriate concessionality, along with appropriate stakeholder alignment to ensure adequate incentives for financial performance.
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