[{"id":126387,"date":"2026-10-29T14:23:12","date_gmt":"2026-10-29T14:23:12","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_publications&#038;p=126387"},"modified":"2026-10-29T14:23:15","modified_gmt":"2026-10-29T14:23:15","slug":"adaptation-asia-panra-fund","status":"publish","type":"cpi_publications","link":"https:\/\/www.climatepolicyinitiative.org\/id\/publication\/adaptation-asia-panra-fund\/","title":{"rendered":"Adaptation Asia \u2013 Panra Fund"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Panra Fund<\/strong>, developed by <strong>Adaptation Asia<\/strong>, is a USD 50 million private debt vehicle deploying commercial and concessional capital, alongside grants, to unlock adaptation investment and strengthen smallholder resilience across Southeast Asia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In the Philippines, climate shocks can reduce agribusiness revenues by 40-60%, yet traditional loans maintain fixed repayment schedules, increasing defaults and causing lenders to withdraw credit precisely when businesses and farmers need capital to invest in resilience. Adaptation investment is further constrained by limited track records and difficulties measuring and monetizing resilience outcomes.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Adaptation Asia \u2013 Panra Fund provides a financial solution suited to the climate volatility, cash-flow patterns, and perceived risks of smallholder-focused agribusinesses. It combines flexible revenue-based financing with verified Resilience Assets (RAs) in a single vehicle. Repayments adjust to agribusiness revenues and seasonal cash flows, reducing the mismatch between debt obligations and climate-driven income volatility.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, remote sensing and digital MRV convert measurable improvements in soil health, biodiversity, and other ecosystem outcomes into monetizable RAs, creating an additional revenue stream that primarily benefits farmers. This combination simultaneously de-risks lending, rewards regenerative practices, and makes adaptation outcomes measurable and investable.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Panra aims to support more than 1.8 million farmers, 60% of them women, across 5 million hectares in adopting climate-resilient practices over the next decade.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Implementation begins with a USD 1\u20132 million pilot in the Philippines to validate revenue-based financing and Resilience Assets before mobilizing the full fund and scaling regionally. Panra targets agribusinesses across the Philippines, Indonesia, Vietnam, Laos, Thailand, and Cambodia.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>&nbsp;<\/strong>\u201cFrom enhancing our financial model, progressing our impact and risk framework, and connecting us with a wide group of partners and investors, the Lab has been an indispensable partner on our journey. We are now starting due diligence on our pilots over the coming months, focusing on implementation on the ground and working closely with agribusinesses and farmers in Southeast Asia.\u201d&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ben Warren, CEO Adaptation Asia<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Panra is designed as a debt fund, combining senior commercial capital, junior concessional capital, and a technical assistance facility to de-risk investment in climate-resilient agribusinesses. Its investment strategy targets growth-stage, smallholder-focused agribusinesses across Southeast Asia, deploying USD 1\u20135 million per investment, with an average ticket size of USD 2.5 million.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Financing primarily uses revenue-based loans, complemented by term loans, to fund working capital, capital expenditure, trade finance, and growth initiatives. Repayments are aligned with agribusiness revenues and seasonal cash flows, while embedded Resilience Assets monetize verified ecosystem outcomes and generate additional benefits for farmers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"509\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Panra-instrument-mechanics-01-1024x509.png\" alt=\"\" class=\"wp-image-126121\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Panra-instrument-mechanics-01-1024x509.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Panra-instrument-mechanics-01-300x149.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Panra-instrument-mechanics-01-1536x763.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Panra-instrument-mechanics-01-2048x1017.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond the pilot in the Philippines, Panra has screened more than 30 agribusinesses across Southeast Asia, representing over USD 60 million in identified capital demand. Its pipeline targets growth-stage agribusinesses in high-value value chains, including cacao, rice, coffee, and bananas. The strategy prioritizes financially viable enterprises with measurable resilience impacts, strong farmer reach, and potential for replication and scale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 50 million private debt vehicle that aims to unlock climate adaptation investment across Southeast Asia by financing agriculture-focused SMEs while supporting the climate resilience of smallholder farmers. <\/p>\n","protected":false},"author":185,"featured_media":126391,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[1508],"topics":[842],"collaborations":[],"class_list":["post-126387","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","regions-philippines","topics-financial-innovation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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Andes Fund"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Amazon Andes Fund, developed by IMPAQTO Capital, is a USD 30M private debt and equity vehicle deploying flexible capital (working capital, equipment financing and equity) to increase local value capture.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Forest-compatible value chains have demonstrated commercial potential, but financial flows remain concentrated in established volume agriculture and other extractive sectors. Across Amazonia, soy and cattle attract over USD 30 billion in annual financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s 100 times more than the approximately USD 300 million attracted by biodiversity-based products. Moreover, 30% of greenfield investment in Peru, Colombia, and Ecuador between 2020 and mid-2025 went to mining. The gap is particularly acute outside Brazil, which captured 85% of greenfield investment across the Amazon, leaving the Andean Amazon\u2019s lessdeveloped investment ecosystem unable to consistently originate and scale opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Amazon Andes Fund addresses this mismatch between available capital and enterprise needs by deploying debt and strategic equity aligned with business maturity and cash flow profiles across the value chain, taking a blended approach to managing risk in earlier-stage and geographically dispersed businesses. By helping downstream enterprises grow and secure higher-value markets, the fund aims to support more reliable purchasing, stronger producer relationships and better income opportunities close to origin. A regional team with networks across producers, processors and enabling businesses supports origination and execution, connecting investment decisions to commercial opportunities and financing needs along the chain.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Amazon Andes Fund aims to make forest-positive economic systems more economically viable and competitive than extractive alternatives across the Andean Amazon, improving livelihoods and economic resilience while reducing pressure on forests and regenerating degraded ecosystems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This translates into three outcomes: strengthened and consolidated sustainable Andean Amazon value chains, improved livelihoods and economic resilience, and reduced pressure on forests, alongside a crosscutting outcome of increased local value capture across sustainable value chains.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThe Andean Amazon doesn\u2019t lack good businesses, it lacks capital designed for how its forest economy actually works. The Lab gave us the rigor to move from seeing that gap to designing an instrument that closes it, with every structural choice tested against one question: does this keep forest standing and carbon in the ground?\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Rick Kellett, Fund Principal<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Amazon Andes Fund deploys flexible capital tailored to each company\u2019s business model and financing needs. The Fund provides debt for working capital and CAPEX, particularly to expand processing capacity, strengthen teams, and grow commercial operations. Early financing needs range from approximately USD 1M to USD 1.5M, with initial debt tickets ranging from USD 500,000 to USD 900,000, and equity and quasi-equity tickets from USD 250,000 to USD 500,000. Debt features a 1-year tenor for working capital and a 5-year tenor with a 6-month grace period for equipment finance, while equity investments target a 7 to 10-year holding period. The Fund targets growth-stage companies across midstream and downstream, forest-compatible value chains in the Andean Amazon sourcing from local producers. These include consolidated chains such as cacao and coffee, and emerging chains such as a\u00e7a\u00ed and Brazil nut, with strong value-add potential.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"458\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/IMPAQTO-instrument-mechanics-01-1024x458.png\" alt=\"\" class=\"wp-image-126127\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/IMPAQTO-instrument-mechanics-01-1024x458.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/IMPAQTO-instrument-mechanics-01-300x134.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/IMPAQTO-instrument-mechanics-01-1536x688.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/IMPAQTO-instrument-mechanics-01-2048x917.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A Phase Zero study mapped 101 enterprises across Ecuador, Colombia, Peru and Bolivia, establishing an initial cacao pipeline while identifying adjacent opportunities in coffee, Brazil nuts, guayusa and other products. Enterprises range from small, founder-funded businesses to established companies with external equity and international sales channels. AAF will deploy debt and strategic equity according to business maturity and cash flow needs, targeting processing, branding and market access opportunities that capture greater value downstream and strengthen sourcing relationships with producers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 30 million private debt and equity vehicle deploying flexible capital to develop regenerative value chains that reduce deforestation and strengthen forest livelihoods in the Andean Amazon. <\/p>\n","protected":false},"author":185,"featured_media":126381,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[1811],"topics":[],"collaborations":[],"class_list":["post-126377","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","regions-latin-america-and-the-caribbean"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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American Climate Resilient Coffee Facility (LATTE)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Latin American Climate Resilience Coffee Facility (LATTE) developed by IDH Investment is a USD 30M senior debt (~70%) and junior first-loss (~30%) vehicle deploying junior debt and guarantees to scale resiliency financing for smallholder coffee farmers across Colombia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Up to 88% of coffee-growing areas in Latin America could become unsuitable by 2050 as rising temperatures and erratic rainfall reduce yields and push cultivation higher, threatening millions of smallholder families. Climate finance flows to smallholder agrifood systems remain far below what is needed, making up less than 1% of global climate finance. In Colombia alone, approximately 563,000 Arabica smallholders require this support, but high upfront costs and the absence of land titles or credit histories make adaptation finance a particular challenge for conventional lenders. This represents a ~USD 914M financing opportunity across target smallholder farms and high-priority adaptation practices, within a broader ~USD 2.5B resilience financing opportunity across all farms and practices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LATTE addresses this through a systemic approach that coordinates capital, farmer incentives, and technical assistance across the value chain, aligning coffee brands, traders, and financial intermediaries around a shared, replicable model. It leverages IDH\u2019s positioning in the coffee sector, de-risking capital for local financial intermediaries so they can extend affordably priced credit to smallholders, while brand-funded incentive payments strengthen farmer cash flow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">LATTE aims to build a climate-resilient, low-carbon, and financially inclusive coffee sector in Latin America, delivering resilient farmer livelihoods and a secure, loweremission coffee supply. Over a five-year deployment, LATTE projects reaching 16,000 farmers with financing and technical assistance, bringing 22,400 hectares under climate-smart agriculture practices, deploying USD 28M in loan capital, avoiding or sequestering 187,000 tCO2e, and improving average yields by 17% versus baseline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These outcomes are expected to build a track record of improved farmer lending performance, encouraging corporates to sustain and expand incentive payments while helping establish coffee lending as a viable asset class.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThe Lab has been instrumental in accelerating the development of LATTE\u2019s financial mechanism and providing the technical rigor needed to transform an innovative model into an investor-ready blended finance proposition, with a clearly defined investment structure, risk-sharing approach, and pathway to mobilizing private capital.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Evgenia Sokolova, Program Director, IDH Invest.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Investment Strategy<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">LATTE pre-designs specialized transition loans for financial intermediaries, including agri-fintechs, MFIs, and banks, to extend to smallholder coffee farmers, backed by LATTE\u2019s de-risking capital. LATTE provides junior\/subordinated debt and guarantees: envisioned junior debt amounts are USD 1-5M, and guarantees will make up less than 35% of the total loan book with an 8% annual fee. Financial intermediaries are selected based on geographic overlap with target brand supply sheds. The specialized transition loans finance short-term interventions such as low-carbon fertilizer and shade crop integration, medium-term interventions such as biochar, and long-term interventions such as agroforestry and farm renovation with resistant varieties.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"624\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/LATTE-instrument-mechanics-01-1024x624.png\" alt=\"\" class=\"wp-image-126133\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/LATTE-instrument-mechanics-01-1024x624.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/LATTE-instrument-mechanics-01-300x183.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/LATTE-instrument-mechanics-01-1536x937.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/LATTE-instrument-mechanics-01-2048x1249.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">More than 10 financial intermediaries have been identified and screened across Colombia\u2019s rural lending base, sourced through IDH\u2019s reVive Hub; six were interviewed in depth, with one already in an active pilot. Together, the interviewed intermediaries manage on the order of USD 40M+ in agricultural lending today. An illustrative LATTE pipeline of approximately USD 12M to 20M is already in active conversation or in pilot phase, reaching roughly 5,000 to 9,000 coffee farmers. Examples include Confiamos (MFI, Nari\u00f1o, active pilot), Agricapital (Fintech, national, advanced conversations), and Crezcamos (MFI, multi-region, preliminary conversations).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 30 million financing facility that coordinates debt and guarantees to expand climate resilience financing for smallholder coffee farmers in Colombia, aligning stakeholders across the coffee value chain to mobilize investment in farm-level adaptation.  <\/p>\n","protected":false},"author":185,"featured_media":126366,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[1811],"topics":[],"collaborations":[],"class_list":["post-126365","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","regions-latin-america-and-the-caribbean"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 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Guarantee Group Flagship Report 2026: From Recommendations to Implementation"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Mobilizing private capital for climate and development is increasingly important for emerging markets and developing economies (EMDEs), where investment needs are growing while public budgets and fiscal space remain constrained. Climate and sustainable development investment needs are growing as the impacts and economic costs of climate change intensify. At the same time, geopolitical uncertainty, macroeconomic pressures, and shifting policy environments are making investment decisions more complex, particularly in EMDEs, where investment is most needed. By transferring defined risks, guarantees enable viable investments to access finance on suitable terms. &nbsp;<\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\"><br><strong>Green guarantees are key to mobilizing climate finance at scale<\/strong> &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While public budgets and fiscal space remain constrained, climate and sustainable development investment needs are rising. Mobilizing private capital is therefore critical to meeting investment needs in EMDEs. Guarantees have strong mobilization potential, with increasing pertinence for climate finance in an era of decreased ODA and constrained public budgets. The OECD\u2019s <a href=\"https:\/\/www.oecd.org\/en\/publications\/private-finance-mobilisation-report-2026_a871a032-en\/full-report\/the-private-finance-mobilisation-ecosystem-actors-and-leveraging-mechanisms_05b079fd.html\" target=\"_blank\" rel=\"noopener\">Private Finance Mobilisation Report 2026<\/a> identifies guarantees as the primary leveraging mechanism between 2021 and 2024, crowding in an annual average of USD 22.4 billion, or almost 30% of total private finance mobilized.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Innovation is also accelerating across the guarantee ecosystem. Multilateral development banks, development finance institutions, export credit agencies, and specialized providers are developing new products and delivery models across project and sovereign financing. National and regional institutions are also expanding, while local currency, portfolio and multi-guarantor structures are being tested.<br><\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\"><strong>Tracking progress toward a stronger green guarantee ecosystem<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Building on the Green Guarantee Group\u2019s (GGG) inaugural 2025 report, the 2026 edition examines how the market is evolving and what is needed to move guarantees from growing availability to deployment at scale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This report measures progress against these four priorities for scaling climate-aligned guarantees in EMDEs:<\/p>\n\n\n\n<ul class=\"wp-block-list priorities-list has-custom-css wp-custom-css-13a04e3c\">\n<li>Clarifying the supervisory treatment of guarantees<\/li>\n\n\n\n<li>Expanding local-currency finance and managing FX risk<\/li>\n\n\n\n<li>Improving data transparency and knowledge sharing<\/li>\n\n\n\n<li>Strengthening national and regional guarantee capacity<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Alongside this assessment, the report combines guarantee market trend tracking, an assessment of progress on the GGG\u2019s recommendations, and the GGG\u2019s strategy and priority actions for the years ahead.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\"><strong>Trends in the green guarantee marketplace<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"has-black-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\">Although the guarantee market is expanding across sectors and geographies, limited data makes it difficult to consistently trace the full chain from product availability and deployment to private capital mobilization, performance, and development impact.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report examines where progress is being made and where barriers to greater deployment remain. Key findings highlight the need for greater regulatory clarity, stronger domestic financial markets and FX risk-management mechanisms, broader national and regional guarantee capacity, improved data transparency, and technical assistance for local institutions and supervisors.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Together, these findings reinforce the need to translate innovation into broader <s><\/s>implementation, impact, and scale. Further progress will depend not only on developing new instruments, but on addressing the regulatory, market, data, and institutional constraints that determine whether guarantees can be effectively deployed and replicated in markets where they provide genuine additionality.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These findings point to an important shift for the guarantee ecosystem: from expanding instrument availability to ensuring effective deployment at scale and directing it toward markets where risk mitigation can generate the greatest additional investment and impact.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-vivid-red-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\"><strong>Moving from availability to impact: Next phase for the guarantees market<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scaling green guarantees will require more than creating new instruments. The next phase is about ensuring that existing and new guarantees can be deployed effectively, supported by the regulatory, institutional, financial, and technical conditions needed to mobilize private capital at scale.&nbsp;<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Explore the <strong>GGG 2026 Flagship Report<\/strong> or download the <strong>Executive Summary<\/strong> for insights on how the market is evolving, how far the GGG\u2019s recommendations have advanced, and the priority actions for the years ahead.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span class=\"button\"><a href=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/GGG-Flagship-Report-2026.pdf\" data-type=\"link\" data-id=\"https:\/\/greenguaranteegroup.org\/reports\/green-guarantee-group-flagship-report-2026-from-recommendations-to-implementation\" target=\"_blank\" rel=\"noreferrer noopener\">Download Full Report<\/a><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span class=\"button\"><a href=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/GGG-Flagship-Report-ES.pdf\" data-type=\"link\" data-id=\"https:\/\/cpisf.sharepoint.com\/sites\/IFAReformWorkstream\/Shared%20Documents\/Forms\/AllItems.aspx?id=%2Fsites%2FIFAReformWorkstream%2FShared%20Documents%2Fp%5FGreen%20Guarantees%20Group%2F2026%2FFlagship%20report%20%2D%20Stocktake%20and%20Trend%20Tracker%2FLayout%2FExecutive%20Summary%2FGGG%20Flagship%20Report%20ES%2Epdf&amp;parent=%2Fsites%2FIFAReformWorkstream%2FShared%20Documents%2Fp%5FGreen%20Guarantees%20Group%2F2026%2FFlagship%20report%20%2D%20Stocktake%20and%20Trend%20Tracker%2FLayout%2FExecutive%20Summary\" target=\"_blank\" rel=\"noreferrer noopener\">Download Executive Summary <\/a><\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Green guarantees are one of the most effective tools for unlocking private capital.  Despite the growing availability of guarantees between 2012 and 2024, a crucial gap remains. The GGG 2026 flagship report examines the evolving guarantee landscape &#038; trends across 4 priorities.<\/p>\n","protected":false},"author":214,"featured_media":126301,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[1933],"regions":[518,1833],"topics":[871,1894,623,842,1903],"collaborations":[1912],"class_list":["post-125254","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-green-guarantee-group","regions-developing-economies","regions-emerging-markets-and-developing-economies-emdes","topics-blended-finance","topics-climate-finance","topics-development-finance","topics-financial-innovation","topics-green-finance","collaborations-green-guarantee-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Green Guarantee Group Flagship Report 2026: From Recommendations to Implementation - CPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/publication\/green-guarantee-group-report-2026-from-recommendations-to-implementation\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green Guarantee Group Flagship Report 2026: From Recommendations to Implementation - CPI\" \/>\n<meta property=\"og:description\" content=\"Green guarantees are one of the most effective tools for unlocking private capital. Despite the growing availability of guarantees between 2012 and 2024, a crucial gap remains. 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Biodiversity and Climate Fund"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The Mitsiry Biodiversity and Climate Fund<\/strong> is a USD 50 million blended fund developed by Miarakap and Kinom\u00e9 that deploys debt and equity alongside a USD 5 million technical assistance facility to enterprises that restore ecosystems and create jobs across Madagascar and Mozambique.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Extreme poverty drives nature degradation across the Southwest Indian Ocean. Households that depend on natural resources are pushed into destructive practices, and climate risks are worsening that pressure. Nature-positive enterprises offer a way out, but they cannot raise the transformative capital to grow. Commercial banks lend short and against collateral these companies rarely hold, while the patient capital they need falls between seed investors and DFIs in terms of return, ticket size, and tenor.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mitsiry fills this gap as the first blended fund in the region to deploy both debt and equity into nature-positive SMEs. The Fund draws on a range of tailor-made instruments, from senior debt to growth equity, and selects the structure each company can best service. Ticket sizes are matched to three distinct capital gaps, running from high-growth companies too small for DFIs to market leaders looking for their first institutional investor. A technical assistance facility runs alongside every investment. It prepares companies before capital is deployed, then supports impact monitoring and scale-up once they are in the portfolio.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mitsiry is on track to close its first blended facility in 2026, with plans to deploy capital initially in Madagascar before expanding to Mozambique. The model can then be further replicated at a larger scale across the region and into new sectors and investment sizes.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over a ten-year period, SMEs invested in by the Fund are projected to sustainably manage 30,000 hectares of natural ecosystems, avoid or sequester 5M tCO\u2082e, and create 10,000 jobs, roughly half of them held by women. The impact model also estimates that the Fund will help improve the livelihoods of&nbsp; 400,000 people.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThe Lab rigor gave some of our investors the confidence they needed at a decisive stage of our fundraising. Our immediate focus is to reach first close and then to launch our USD 5 million Technical Assistance Facility so that 10 to 13 SMEs get support on environmental and social standards, impact and operations alongside our investment.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Koloina Ramaromandray, Fund Director, Miarakap<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mitsiry\u2019s flexible capital structure comprises senior (60%) and junior (40%) tranches, alongside a USD 5M TA Facility. The blended fund is capitalized with equity, which is then used to finance target SMEs. The TA Facility is capitalized with grants that support SMEs in strengthening their impact and financial outcomes.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fund deploys a mix of senior debt, revenue-based and participative loans, mezzanine debt, and growth equity with ticket sizes between USD 1M and 5M. The investment strategy focuses on four verticals where poverty, biodiversity loss, and climate risk converge: agriculture (~50%), ecotourism (~20%), renewable energy (~20%), and other NbS (~10%), segmenting the market into three SME tiers: high-growth, established, and mature.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"553\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Mitsiry-instrument-mechanics-01-1024x553.png\" alt=\"\" class=\"wp-image-126136\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Mitsiry-instrument-mechanics-01-1024x553.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Mitsiry-instrument-mechanics-01-300x162.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Mitsiry-instrument-mechanics-01-1536x829.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Mitsiry-instrument-mechanics-01.png 1838w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Mitsiry has identified 70 SMEs in Madagascar, 17 of which represent an investment pipeline of USD 55M to 87M and are already in active conversations or due diligence. Six are at an advanced stage.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The vehicle will deploy USD 50M into 10 to 13 SMEs, beginning in Madagascar and extending to Mozambique through partnerships with local actors to build the pipeline there. Illustrative advanced-stage deals include leading companies in spices processing, seaweed cultivation and export, renewable energy, and ecotourism.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 50 million fund deploying debt and equity alongside a USD 5 million technical assistance facility to enterprises that restore ecosystems and create jobs across Madagascar and Mozambique. <\/p>\n","protected":false},"author":185,"featured_media":126244,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[5],"topics":[842],"collaborations":[],"class_list":["post-126236","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","regions-africa","topics-financial-innovation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mitsiry 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Resilience through Climate Credit and Insurance for SMEs (BRACCE)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Brazil Resilience through Climate Credit and Insurance for SMEs (BRACCE), developed by Stone and Zurich, is a credit enhancement vehicle that bundles SME credit with embedded flood and heavy-rainfall business interruption insurance. It will launch as a USD 20M demonstration fund, with the potential to scale to USD 100M+ as the model proves itself.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Climate-vulnerable urban SMEs in Brazil face limited access to affordable credit and insufficient protection against climate-related losses, especially floods and heavy rainfall. Traditional lending and underwriting systems fail to account for climate hazards, leaving lenders and SMEs unprotected against business interruptions. SMEs rarely buy climate insurance on their own, and post-disaster financial recovery is slow and fragmented.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BRACCE solves these challenges with a unique, integrated credit-insurance model for urban SMEs, combining a primary parametric trigger (under evaluation by Zurich) with indemnity recourse. Instead of relying on individual SMEs to purchase insurance voluntarily, BRACCE embeds insurance directly into the credit structure at the fund level, eliminating affordability burdens.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It integrates Stone\u2019s payment terminal data and credit history with Zurich\u2019s insurance capabilities and AdaptaBrasil municipal-level flood risk data to screen and price flood and heavy-rainfall risk at onboarding. When a covered event occurs, Zurich pays Stone directly under the policy, and Stone forgives the loan installments due during the interruption, capped at three installments per event, turning unhedged climate shocks into a shared, underwritten risk.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At the USD 20M demonstration phase, BRACCE models financing ~4,120 SMEs and supporting ~8,240 formal jobs, roughly 206 SMEs and 412 jobs per USD 1M invested. Scaling to USD 100M+ expands reach to ~20,600 SMEs and ~41,200 jobs, all with embedded flood cover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The implementation pathway progressively moves from a demonstration supported by concessional capital toward a fully commercial model. Each USD 1 of impact mezzanine capital mobilizes 2.3x in commercial and first-loss capital during the demonstration phase, with USD 6M unlocking USD 14M. At scale, this increases to 4x, with USD 20M unlocking USD 80M. The concessional layer can then step away entirely, demonstrating the potential for embedded climate insurance to strengthen SME resilience at scale.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThe Lab was crucial in broadening the range of variables and perspectives considered, enriching the project and developing the financial model that makes the instrument economically viable. Following endorsement, our immediate next steps will be to identify potential investors and partners to make the pilot possible.\u201d<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Carolina da Costa, Chief Impact Officer, Stone<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BRACCE is structured under Brazilian law as a receivables fund (Fundo de Investimento em Direitos Credit\u00f3rios \u2013 FIDC). Capital from credit investors is deployed to SMEs in the form of loans originated through Stone\u2019s existing client and payment-terminal channels, with the resulting receivables assigned to the fund. Part of the credit spread earned on the loan payments is automatically directed to pay Zurich insurance premiums, embedding business interruption and climate insurance coverage directly into the credit product.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The investment strategy executes across three phases (Demonstration, Scaling, and Commercial), scaling total fund capacity from USD 20M to USD 100M+. Lead partner Stone Co. provides a 10% first-loss equity position across all phases to de-risk senior\/mezzanine investors. In comparison, the concessional share falls from 30% to 20%, then to zero as commercial investor participation grows. Base-case demonstration-phase IRRs are 18.2% (Senior), 16.5% (Mezzanine) and 14.7% (Junior). Educational support is delivered to SMEs via an app.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"338\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/BRACCE-instrument-mechanics-01-1024x338.png\" alt=\"\" class=\"wp-image-126124\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/BRACCE-instrument-mechanics-01-1024x338.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/BRACCE-instrument-mechanics-01-300x99.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/BRACCE-instrument-mechanics-01-1536x507.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/BRACCE-instrument-mechanics-01-2048x676.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BRACCE originates from Stone\u2019s existing SME base of 4.7M clients and a USD 560M credit portfolio, with USD 24M (4.3%) exposed to very high vulnerability to floods and heavy rainfall. The demonstration phase draws on that book, blended with medium-vulnerability areas, to keep the pool insurable, and scaling applies the same mix across Stone\u2019s national footprint.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eligibility is screened against Stone\u2019s E&amp;S procedures, DFI exclusion lists, and municipal-level flood risk before onboarding. Around 75% of active credit clients are in Retail Trade and Food &amp; Beverage, whose shared profile of fixed premises, daily cash flow, and local customers allows flood loss to be priced once rather than on a borrower-by-borrower basis. Capital revolves every six months, in alignment with underlying asset tenors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A private debt vehicle (FIDC), with the potential to scale to USD 100M+, that bundles credit with flood and heavy-rainfall business interruption insurance for SMEs in Brazil.  <\/p>\n","protected":false},"author":185,"featured_media":126223,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[353],"topics":[842],"collaborations":[],"class_list":["post-126221","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","regions-brazil","topics-financial-innovation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brazil Resilience through Climate Credit and Insurance for SMEs (BRACCE) - CPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/publication\/brazil-resilience-through-climate-credit-and-insurance-for-smes-bracce\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazil Resilience through Climate Credit and Insurance for SMEs (BRACCE) - CPI\" \/>\n<meta property=\"og:description\" content=\"A private debt vehicle (FIDC), with the potential to scale to USD 100M+, that bundles credit with flood and heavy-rainfall business interruption insurance for SMEs in Brazil.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.climatepolicyinitiative.org\/publication\/brazil-resilience-through-climate-credit-and-insurance-for-smes-bracce\/\" \/>\n<meta property=\"og:site_name\" content=\"CPI\" \/>\n<meta property=\"article:publisher\" 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Climate-linked Agri Lending Ecosystem (SCALE)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Secured Climate-linked Agri Lending Ecosystem (SCALE)<\/strong>, developed by IFPRI and Dvara E-Registry, is a USD 90 million credit facility that uses existing agricultural lending channels to reward farmers for verified adoption of climate-smart practices, combining credit, insurance support, and performance-linked principal repayment to reduce the risks and financial barriers to adoption.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s smallholder farmers face a self-reinforcing investment barrier: those most exposed to climate risk often lack the collateral, formal credit history, risk mitigation mechanism, and technical support needed to finance climate-smart agriculture (CSA). Lenders perceive these farmers as high risk, while farmers cannot invest in practices that could reduce yield volatility and improve resilience because they lack affordable capital. Existing solutions tend to address credit, insurance, or advisory needs separately, leaving key risks unresolved.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SCALE addresses these barriers by integrating credit, risk transfer, CSA advisory, and technology-enabled monitoring in one solution. Satellite-derived farm activity, yield, and cash-flow data provide alternative indicators of creditworthiness for farmers with limited credit histories, while AI and smartphone imagery lower monitoring and loss-verification costs. This integrated approach is designed to expand finance to underserved farmers while making CSA lending more commercially viable and scalable.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThe Lab process and our amazing Lab analysts pushed us to carefully assess climate additionality, model our expected impacts, understand the level of concessional versus commercial capital required, and develop a concise pitch for investors. Our immediate next step is to start A\/B testing of various incentives to encourage adoption of climate smart agriculture (CSA) in the context of smallholder lending, demonstrating the risk-reducing effects of CSA for lenders and insurers and verifying that our CSA practices and technologies work for both women and men.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Berber Kramer, Senior Research Fellow, International Food Policy Research Institute (IFPRI)<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The vehicle aims to expand access to finance for up to 120,000 smallholder and marginal farmers, with all loans featuring women borrowers, supporting greater social and financial inclusion and increased adoption of climate-smart agriculture. It is designed to improve climate resilience and foster more stable livelihoods, while reducing annual agricultural emissions by over 32,500 tCO2e and saving an estimated 75,000 ML of water every year. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will initially pilot with around 20,000 farmers in the states of Maharashtra and Odisha, focusing on crops including rice, soybean, Bengal gram, and cotton. Following the pilot, the vehicle plans to scale into Rajasthan and Madhya Pradesh, expanding to tenant cultivators and other farmers underserved by formal credit.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The vehicle combines a credit facility with farm-level indemnity linked insurance to finance CSA adoption. Commercial capital primarily funds the lending pool, while grant funding supports insurance affordability, incentives for verified CSA adoption, and targeted advisory services.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Loans finance eligible CSA inputs and practices, while insurance protects farmers against verified climate-related losses, reducing risk. The investment strategy uses grants during the pilot to demonstrate uptake and absorb transition costs, with approximately 94% of capital coming from commercial lenders.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the vehicle scales and operating efficiencies, farmer uptake, and data quality improve, grant support is expected to decline, enabling a transition toward fully commercial funding.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"641\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/India-SCALE-instrument-mechanics-01-1024x641.png\" alt=\"\" class=\"wp-image-126130\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/India-SCALE-instrument-mechanics-01-1024x641.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/India-SCALE-instrument-mechanics-01-300x188.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/India-SCALE-instrument-mechanics-01-1536x961.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/India-SCALE-instrument-mechanics-01-2048x1281.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The vehicle will deploy capital through a phased approach, beginning with the pilot before scaling to additional farmers and geographies. Loans of approximately USD 700 per farmer will finance eligible CSA practices and inputs, including alternate wetting and drying, direct-seeded rice, drip irrigation, bio-inputs, and stress-tolerant crop varieties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pilot will leverage Dvara E-Registry\u2019s existing farmer networks and lending partnerships with MFI, banks, and other NBFCs. Following the impact validation on repayment, CSA adoption, insurance performance, and technology accuracy, deployment will expand to additional geographies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dvara E-Registry is expected to initiate lending through its own books once the NBFC license is secured, allowing for increased control over lending terms and use of proceeds for CSA adoption against differential interest rate offerings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 90 million credit facility that uses existing agricultural lending channels to reward farmers for verified adoption of climate-smart practices in India. 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Industrial Decarbonization Accelerator (VIDA)"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Overview<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">VIDA, created by Allotrope, is a USD 24.5M private debt fund designed to provide financing to mid-sized project developers bringing renewable energy solutions intoVietnam\u2019s industrial parks prior to the final investment decision (FID).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Innovation<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200b\u200bShifting policy and market factors in Vietnam signal new opportunities for accelerating clean energy investment. The introduction\u200b\u200b of the Direct Power Purchase Agreement (DPPA) framework in Vietnam allows for\u200b off-site renewable \u200belectricity \u200b\u200bprocurement\u200b and\u200b \u200bdemand \u200bis \u200bgrowing\u200b \u200bfor renewable energy solutions in industrial parks. However, qualified and bankable projects remain limited. \u200bThe smaller and risk\u200bier renewable energy projects needed to decarbonize Vietnam\u2019s vast network of industrial parks \u200b\u200bare left to mid-sized project developers who lack the balance sheets to fund them. T\u200b\u200bhese developers lack specialist capacity to improve project bankability and structure industrial offtake. As a result, many otherwise viable renewable energy projects in industrial parks remain undeveloped. \u200b&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200bVietnam Industrial Decarbonization Accelerator (VIDA) addresses challenges faced by mid-sized project developers by providing loans that cover project development costs incurred before final investment decision (FID), alongside de-risking support to improve project bankability and connect developers with industrial parks and tenants. By absorbing early-stage risk and helping projects become investment-ready, VIDA creates a pipeline of bankable commercial and industrial renewable energy solutions for industrial parks\u200b across \u200bVietnam\u200b\u200b.\u200b&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200b\u200bAt scale, \u200b\u200bVIDA aims to accelerate industrial decarbonization in Vietnam by building a pipeline of bankable renewable energy projects in Vietnam\u2019s industrial parks. \u200b\u200b\u200b\u200bVIDA is expected to help avoid or reduce \u200b\u200bmore than \u200b\u200b193,000 tCO\u2082e annually, generate approximately 294,000 MWh of renewable energy per year, and support approximately 1,800 direct job-years.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Implementation will begin with a USD 6.4 million pilot\u200b\u200b\u200b\u200b\u200b\u200b, followed by a planned USD 24.5 million \u200bfund to \u200bscale\u200b\u200b impact\u200b\u200b\u200b as the model demonstrates results.&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cInsights from CPI\u2019s expert advisors and a Working Group of leading organizations helped us refine VIDA\u2019s concept and financial model, incorporate real-world market feedback, and confirm our pathway to scaling low-carbon solutions across Viet Nam\u2019s industrial parks. Allotrope is now exploring partnerships and funding opportunities to support VIDA\u2019s successful launch and implementation\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Rob Hardison, VIDA Lead, Allotrope Partners<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Design<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">VIDA\u2019s pilot targets commercial and industrial rooftop solar and battery storage projects averaging 5 MWp, and later scaling to 10 MWp and larger solutions that include clean heat, energy efficiency, waste-to-energy, and other decarbonization solutions across industrial parks.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The average \u200bpilot \u200bticket size is USD 350,000 and loans cover between 75% to 90% of project development costs. Projects that reach financial close repay loans at a multiple of 1.5.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">VIDA pairs this financing with support to de-risk projects, including offtaker credit diligence, technical and financial model validation; credit enhancement instruments; as well as support to connect project developers with industrial park owners and tenants, helping projects become ready for commercial financing in later stages.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"2550\" height=\"1042\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01.png\" alt=\"\" class=\"wp-image-126118\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01.png 2550w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01-300x123.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01-1024x418.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01-1536x628.png 1536w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/VIDA-instrument-mechanics-01-2048x837.png 2048w\" sizes=\"auto, (max-width: 2550px) 100vw, 2550px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Pipeline<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Under the pilot fund, VIDA is partnering with Kinh Bac City Development Holding Corp. (KBC), a major industrial park owner-operator, to implement three initial projects in its portfolio of industrial parks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Following the initial projects, VIDA\u2019s pipeline will be built through a developer-led origination process, with an estimated 20-25 qualified mid-sized project developers eligible to submit project applications that will be screened against defined technical, financial, and offtaker criteria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200bKBC\u2019s portfolio presents a potential pipeline across \u200b\u200beight industrial parks\u200b\u200b, representing approximately USD 64 million in potential project investment, 120 MWp of solar, and 40 MWh of battery storage. The pipeline includes 16 potential off-takers and targets 47 tenants, many of which are linked to major global brands.\u200b\u200b\u200b\u200b\u200b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u200b\u200b\u200b\u200b\u200b\u200b\u200bThe addressable market comprises an estimated 115 priority industrial parks, consuming approximately 24 TWh of annual electricity demand and representing roughly 20% of Vietnam\u2019s more than 600 operating and in-development parks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A USD 24.5 million private debt fund financing mid-sized project developers bringing renewable energy solutions to Viet Nam\u2019s industrial 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Green Finance Mapping 2026: Biodiversity Analysis"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IDFC biodiversity finance rises to USD 14.2 billion in 2025, its highest level since 2022. A stocktake of progress against the IDFC Common Position Paper on Biodiversity (2022) shows that members are building biodiversity into their strategies, but cumulative finance remains well below the Club&#8217;s USD 100 billion commitment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>IDFC biodiversity finance<\/strong> <strong>at a glance:<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW65968241 BCX0\"><span class=\"TextRun SCXW65968241 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW65968241 BCX0\">USD 14.2 billion: biodiversity finance in 2025, up 79% from 2024 <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW65968241 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW121169966 BCX0\"><span class=\"TextRun SCXW121169966 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW121169966 BCX0\">USD 49 billion: committed since 2022, under half the USD 100 billion target for 2027 <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW121169966 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW236719751 BCX0\"><span class=\"TextRun SCXW236719751 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236719751 BCX0\">7 of 7: members reporting biodiversity finance increased it in 2025 <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW236719751 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW245533078 BCX0\"><span class=\"TextRun SCXW245533078 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW245533078 BCX0\">12 or 20: responding members have a biodiversity strategy in place or in development <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW245533078 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW139582784 BCX0\"><span class=\"TextRun SCXW139582784 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW139582784 BCX0\">15 of 20: responding members manage biodiversity risk at the project level <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW139582784 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>About the IDFC biodiversity analysis<\/strong>&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The International Development Finance Club (IDFC) is a network of national and regional development banks. This is the sixth year its Green Finance Mapping has tracked biodiversity finance. It covers climate-nature nexus finance, which supports both climate and biodiversity objectives, and finance solely targeting biodiversity. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-22-at-9.27.03-AM-1024x659.png\" alt=\"\" class=\"wp-image-125792\" srcset=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-22-at-9.27.03-AM-1024x659.png 1024w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-22-at-9.27.03-AM-300x193.png 300w, https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-22-at-9.27.03-AM.png 1398w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Biodiversity finance in 2025: key findings<\/strong> &nbsp;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Biodiversity finance rose 7% to USD 14.2 billion&nbsp;<\/strong><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW209295994 BCX0\"><span class=\"TextRun SCXW209295994 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW209295994 BCX0\">Seven IDFC institutions reported biodiversity commitments of US$14.2 billion in 2025, an increase of US$6.2 billion on 2024. This is 7% of total green finance<\/span><\/span><\/span><span class=\"TrackedChange SCXW209295994 BCX0\"><span class=\"TextRun SCXW209295994 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW209295994 BCX0\">. <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW209295994 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW45124391 BCX0\"><span class=\"TextRun SCXW45124391 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW45124391 BCX0\">A few institutions drive the increase. Commitments from China Development Bank (CDB) to activities solely targeting biodiversity, together with higher commitments from KfW and the Japan International Cooperation Agency (JICA), account for most of the growth.<\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW45124391 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span class=\"EOP Selected TrackedChange SCXW222418397 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\">Commitments from OECD-based institutions tripled to USD 3.6 billion, <\/span><\/span><span class=\"TrackedChange SCXW64035538 BCX0\"><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\">reflecting significant increases in commitment<\/span><\/span><\/span><span class=\"TrackedChange SCXW64035538 BCX0\"><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\">s from<\/span><\/span><\/span><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\"> KfW and JICA, <\/span><\/span><span class=\"TrackedChange SCXW64035538 BCX0\"><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\">alongside consistent contributions from AFD<\/span><\/span><\/span><span class=\"TrackedChange SCXW64035538 BCX0\"><span class=\"TextRun SCXW64035538 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW64035538 BCX0\">. <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW64035538 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span> <\/span><\/li>\n<\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong>Finance solely targeting biodiversity<\/strong> <strong>now matches climate-nature nexus finance<\/strong><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">Growth was concentrated in finance solely targeting biodiversity, which <\/span><\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">tripled <\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">from USD 2.3 billion in 2024 to <\/span><\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">USD 7<\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\"> billion<\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\"> in 2025. C<\/span><\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">limate\u2013nature nexus finance<\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\"> grew more modestly, by <\/span><\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">27% <\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">from USD 5.6 billion to<\/span><\/span><\/span><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\"> USD 7.1 billion. For the first time since tracking began in 2020, <\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">the two categories <\/span><\/span><\/span><span class=\"TrackedChange SCXW224639035 BCX0\"><span class=\"TextRun SCXW224639035 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW224639035 BCX0\">had equal share of 50%. <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW224639035 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW222181091 BCX0\"><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">This shift was primarily due to China Development Bank (<\/span><\/span><\/span><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">CDB<\/span><\/span><span class=\"TrackedChange SCXW222181091 BCX0\"><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">) which committed<\/span><\/span><\/span> <span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">USD 6.2 billion to <\/span><\/span><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">biodiversity<\/span><\/span><span class=\"TrackedChange SCXW222181091 BCX0\"><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">-only activities in 2025, compared with USD 1 billion in climate-nature nexus finance. <\/span><\/span><\/span><span class=\"TrackedChange SCXW222181091 BCX0\"><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">All other reporting members di<\/span><\/span><\/span><span class=\"TrackedChange SCXW222181091 BCX0\"><span class=\"TextRun SCXW222181091 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW222181091 BCX0\">rected most of their biodiversity finance to activities with both climate and biodiversity objectives. <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW222181091 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong>Socktake:<\/strong> <strong>strategies are growing, but quantified targets<\/strong> <strong>remain<\/strong> <strong>rare<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2026, 20 of the 22 responding members also completed a stocktake survey on progress against IDFC&#8217;s Common Position Paper on Biodiversity (2022). Among 20 respondents that completed the stocktake survey:<\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun MacChromeBold SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">S<\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun MacChromeBold SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">even members<\/span><\/span><\/span> <span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">have <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">a biodiversity or nature strategy <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">in place <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">and five more <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">are <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">in the process of <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">developing<\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\"> one. <\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">Only four have set q<\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">uantified targets<\/span><\/span><\/span><span class=\"TrackedChange SCXW68523162 BCX0\"><span class=\"TextRun SCXW68523162 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW68523162 BCX0\">. <\/span><\/span><\/span><span class=\"EOP TrackedChange SCXW68523162 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:347,&quot;335559740&quot;:347}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun MacChromeBold SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\">Fifteen members<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\"> apply<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\"> safeguards, due <\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\">diligence<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\"> or exclusions<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\"> to manage biodiversity<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\">. Fewer have moved beyond avoiding harm to financing positive outcomes<\/span><\/span><\/span><span class=\"TrackedChange SCXW131817151 BCX0\"><span class=\"TextRun SCXW131817151 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW131817151 BCX0\">.<\/span><\/span><\/span><span class=\"EOP TrackedChange SCXW131817151 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:1,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:347,&quot;335559740&quot;:347}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun MacChromeBold SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">T<\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun MacChromeBold SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">wo members<\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\"> assess <\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">nature-related risk across their <\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">portfolio<\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">s<\/span><\/span><\/span><span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\"> level,<\/span><\/span><\/span> <span class=\"TrackedChange SCXW241756360 BCX0\"><span class=\"TextRun SCXW241756360 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW241756360 BCX0\">both cases where supervisory requirements apply.<\/span><\/span><\/span><span class=\"EOP TrackedChange SCXW241756360 BCX0\" data-ccp-props=\"{&quot;134233279&quot;:false,&quot;201341983&quot;:0,&quot;335559739&quot;:60,&quot;335559740&quot;:264}\">\u00a0<\/span><\/li>\n<li><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun MacChromeBold SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\">Members at all levels<\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\"> of maturity <\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\">in their biodiversity strategies <\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\">report the same constraints:<\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\"> lack of biodiversity data, bankable projects, technical <\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\">capacity<\/span><\/span><\/span><span class=\"TrackedChange SCXW166916675 BCX0\"><span class=\"TextRun SCXW166916675 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166916675 BCX0\"> and client demand.\u00a0<\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW166916675 BCX0\" data-ccp-props=\"{&quot;134233279&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:60,&quot;335559740&quot;:264}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong>Cumulative biodiversity finance is under half of the 2027 target<\/strong> &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Biodiversity finance reported by IDFC members remains well below the Club\u2019s commitment to mobilize USD100 billion over five years by 2027, with cumulative commitments of USD 49 billion since 2022. Progress on strategies and operations has yet to translate into finance at the scale IDFC has committed to. Closing this gap will require both more members tracking and reporting biodiversity finance and a significant scale-up of dedicated investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>How IDFC can scale up biodiversity finance<\/strong>&nbsp;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Moving from strategy development to implementation will require coordinated action in three areas:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Strengthen institutional capacity<\/strong><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW236231142 BCX0\"><span class=\"TextRun SCXW236231142 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236231142 BCX0\">Seven members <\/span><\/span><\/span><span class=\"TrackedChange SCXW236231142 BCX0\"><span class=\"TextRun SCXW236231142 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236231142 BCX0\">identify<\/span><\/span><\/span><span class=\"TrackedChange SCXW236231142 BCX0\"><span class=\"TextRun SCXW236231142 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236231142 BCX0\"> gaps in their own technical capacity, that of their clients, or both. Members could combine financing with technical <\/span><\/span><\/span><span class=\"TrackedChange SCXW236231142 BCX0\"><span class=\"TextRun SCXW236231142 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236231142 BCX0\">assistance<\/span><\/span><\/span><span class=\"TrackedChange SCXW236231142 BCX0\"><span class=\"TextRun SCXW236231142 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW236231142 BCX0\"> to strengthen environmental agencies and governments, whose weak capacity can constrain project development.<\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW236231142 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong>Translate strategies into measurable objectives<\/strong><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW170796179 BCX0\"><span class=\"TextRun SCXW170796179 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW170796179 BCX0\">Alongside finance targets, members could adopt indicators such as the share of portfolios screened for nature-related risks, the number of clients supported to develop biodiversity strategies, or the area of ecosystems protected or restored. <\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW170796179 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<p class=\"wp-block-paragraph\"><strong>Expand financing<\/strong> <strong>instruments to attract private investment<\/strong><\/p>\n\n\n<ul>\n<li><span class=\"TrackedChange SCXW13621786 BCX0\"><span class=\"TextRun SCXW13621786 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13621786 BCX0\">Ten members report no private finance mobilized for biodiversity to date, and existing instruments <\/span><\/span><\/span><span class=\"TrackedChange SCXW13621786 BCX0\"><span class=\"TextRun SCXW13621786 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13621786 BCX0\">remain<\/span><\/span><\/span><span class=\"TrackedChange SCXW13621786 BCX0\"><span class=\"TextRun SCXW13621786 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13621786 BCX0\"> concentrated in grants and loans.<\/span><\/span><\/span><span class=\"TrackedChange SCXW13621786 BCX0\"><span class=\"TextRun SCXW13621786 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13621786 BCX0\"> Members could combine such instruments with project preparation, blended finance and partnerships that address the barriers limiting private investment.<\/span><\/span><\/span><span class=\"EOP Selected TrackedChange SCXW13621786 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335551550&quot;:0,&quot;335551620&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n\n\n<p class=\"is-style-highlight wp-block-paragraph\"><strong>The full IDFC Green Finance Mapping 2026 report, covering climate and other environmental finance alongside biodiversity, will be published on 6 November 2026.<\/strong>&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IDFC biodiversity finance rose 79% to USD 14.2 billion in 2025. A stocktake shows members are building biodiversity into their strategies. Explore the key findings and the priorities for scaling up biodiversity finance.<\/p>\n","protected":false},"author":276,"featured_media":125980,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[1761],"regions":[392],"topics":[1894,623,1903],"collaborations":[],"class_list":["post-125638","cpi_publications","type-cpi_publications","status-publish","format-standard","has-post-thumbnail","hentry","programs-climate-finance-tracking","regions-global","topics-climate-finance","topics-development-finance","topics-green-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IDFC Green Finance Mapping 2026: Biodiversity Analysis - CPI<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/publication\/idfc-green-finance-mapping-2026\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDFC Green Finance Mapping 2026: Biodiversity Analysis - CPI\" \/>\n<meta property=\"og:description\" content=\"IDFC biodiversity finance rose 79% to USD 14.2 billion in 2025. A stocktake shows members are building biodiversity into their strategies. 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