Initial situation 

To limit global warming and, therefore, the impacts of climate change, investment is required in energy efficiency, renewable energy, and measures that reduce greenhouse gas emissions. The Global Climate Partnership Fund (GCPF) provides this financing to developing and emerging countries. In 2025, the Fund will also focus on providing adaptation financing. Financing is provided either as a direct investment in specific projects or made available to local financial institutions. These institutions then manage the funds in the form of loans to small and medium-sized enterprises or private households. The GCPF is registered in Luxembourg and is managed by responsAbility Investments AG. The Fund increases the effectiveness of public funding by mobilizing additional financing from public and private investors for climate mitigation projects. 

Starting as an initiative of BMUB and KfW, the GCPF evolved into a broadly supported public-private partnership. Current shareholders include the United Kingdom Government’s Department for Business, Energy and Industrial Strategy (BEIS), the Danish Ministry of Foreign Affairs (DANIDA), the International Finance Corporation (IFC), the Austrian Development Bank (OeEB), the Dutch Development Bank (FMO), a Switzerland-based asset management company responsible for managing the Fund, the German Physicians’ Pension Fund (ÄVWL), and the Dutch private bank ASN.