Blended Finance
Photo by Cristina Lopes
Blended finance is a key tool to help nations meet the United Nations’ Sustainable Development Goals and the goals of the Paris Climate Agreement, while also addressing the risks and barriers faced by investors when pursuing the opportunities these afford.
CPI’s Blended Finance in Clean Energy report looks at what is needed to unlock investment in developing economies. Our analysis found that the greatest opportunities for blended finance impact are in Sub-Saharan Africa and South and East Asia, with a subset of eight high-impact countries alone offering USD 360 billion in clean energy investment potential by 2030.
Featured work
Publication
Green Guarantee Group Flagship Report 2026: From Recommendations to Implementation
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 & trends across 4 priorities.
Press Release
The Lab endorses eight climate finance solutions targeting nearly USD 400M for emerging markets
Lab endorses all eight climate finance solutions in 2026 cohort.
Blog
Learning Hub Research Grantee Spotlight: I&P Ecosystems
With support from the CC Facility Learning Hub, I&P Ecosystems conducted research on how blended finance has become a critical enabler for gender- and climate-focused funds in Sub-Saharan Africa.
Latest work
Blog
Learning Hub Research Grantee Spotlight: MUBS Climate Finance and Sustainability Centre
The Makerere University Business School (MUBS) CFSC is exploring how local investors can play a greater role in mobilizing blended climate finance for climate action in Uganda.
Blog
Learning Hub Research Grantee Spotlight: Genesis Analytics
Genesis will explore how domestic institutional capital can play a greater role in financing climate investments across Kenya, Nigeria, and Namibia.
Blog
From Commitment to Catalyst: Unlocking the Full Potential of VCEFs
With concessional climate finance becoming increasingly scarce, public funds must be deployed strategically to stimulate larger investments in emerging markets and developing economies.
Publication
UDB Currency Risk-Sharing Facility
This instrument design report explains how Uganda Development Bank, through the FiCS Innovation Lab, has designed the innovative Climate Risk-sharing Facility to mitigate currency risk to scale affordable lending for green projects.
Publication
Alternative Models for Transmission Financing in Indonesia
This report evaluates alternative project financing models that could enable greater private investment in Indonesia grid infrastructure, allowing risk sharing, improved access to capital, and enhanced financial sustainability for PLN.
Publication
The Regenerative Agriculture Fund: A scalable blueprint for Agri-innovation in EMDEs
EMDE agriculture faces a double-bind: it’s a climate risk driver and its biggest victim. BDMG’s RA Fund breaks this cycle. Using a three-tiered approach to de-risk, empower, and align incentives, this model turns policy into reality. Download the report to explore the future of agri-innovation...
