GCFC and IRENA Join Forces to Accelerate Global Climate Finance and Renewable Energy Initiatives

The GCFC helps create an ecosystem that enables investments into low-carbon, sustainable and resilient projects by bringing together cutting-edge research, market innovations, capacity-building programs, and practical initiatives to scale up climate investments globally, particularly focusing on emerging and developing markets.

This collaboration will harness the synergies between IRENA and GCFC across various workstreams, including market intelligence, capacity building, practical platforms, and collaborative initiatives. Together with other key stakeholders in the climate space, the partnership aims to drive innovative solutions that enhance the scale, accessibility, and affordability of climate finance globally.

The partnership will include joint work along the following three work streams:

(i) Research and innovation: The Parties will work together to conduct market research and analysis to produce thought leadership and innovative solutions for key topics driving present and future global climate finance flows, including de-risking mechanisms, green industrialization opportunities, carbon markets, and policy innovations, among others.

(ii) Capacity-building and technical assistance: Both institutions strive to increase the adoption of climate solutions by strengthening local capabilities. Their joint work will include building strong frameworks for renewable energy and associated infrastructure policies and regulations, and financial skills needed to develop project pipelines, among others.

(iii) Practical coalitions and project pipeline financing: The Parties will work jointly to advance partnerships and practical initiatives with natural synergies. This will include, but is not limited to, their respective work on supporting African countries in energy transition via IRENA’s Accelerated Partnership for Renewables in Africa (“APRA”) and the GCFC-hosted Africa Green Investment Initiative (“AGII”). The Parties will also collaborate to co-create and co-host events, including workshops and matchmaking ‘deal rooms’, to share knowledge, connect climate investors with investment opportunities, create and strengthen partnerships, and advance innovative renewable energy finance solutions to improve the uptake of global climate investments.