Antalya, Turkey (November 11, 2026) — World Resources Institute (WRI), Green Climate Fund (GCF) and BlueOrchard signed a memorandum of understanding (MOU) on Nov. 9, 2026, to mobilize investment in climate startups and support climate entrepreneurship in emerging markets and developing economies (EMDEs).  

EMDEs require an estimated $2.3 trillion to $2.5 trillion annually by 2030 to meet their climate goals, according to a report by the Independent High-Level Expert Group. That’s a fourfold increase over current investment levels.  

The three partners will explore ways to scale high-impact climate startups, build an investable pipeline of climate startups in Africa, Asia and Latin America and improve national enabling environments for these ventures.  

Focus areas will include renewable energy, zero-emission mobility, sustainable agriculture, food loss and waste, water resilience, and circular economy models that can enhance resilience and improve livelihoods.  

This collaboration leverages the strengths of each partner.  

Through P4G (Partnering for Green Growth and the Global Goals 2030), an initiative it hosts, WRI brings a country-led approach to strengthen policy frameworks, informed by startups’ experiences. BlueOrchard, a leading global impact investment manager, will contribute its investment expertise, while GCF, which finances climate action in developing countries will provide its expertise to advance its global mandate to channel resources to transformative solutions.  

“We’re thrilled to partner with BlueOrchard and GCF to mobilize critical climate finance for emerging economies. P4G’s proven track record working with country partners to cultivate enabling environments for climate startups to thrive, can de-risk investments and accelerate country-led transition goals,” said Robyn McGuckin, executive director of P4G.  

“Emerging markets are home to innovative businesses developing solutions to some of the most pressing climate challenges. Yet many promising companies face difficulties accessing the capital they need to grow. We are pleased to join forces with WRI and GCF to help bridge this gap. This is an important step towards developing commercially viable climate solutions that can deliver measurable impact at scale," said Martin Diaz Plata, global head of private equity at BlueOrchard.  

“Climate startups in developing countries often struggle to find an investor willing to take the first risk. GCF can accept risks that other investors will not, and our country-led approach keeps the work tied to national priorities. With WRI and BlueOrchard, we look forward to exploring how to catalyze public and private finance for climate entrepreneurs,” said Amer Baig, chief investment officer of GCF. 

About P4G  

P4G helps early-stage climate startups in emerging markets and developing economies become investment-ready. It provides startups with grants and technical assistance, and connects them with national public-private platforms to help them navigate local markets. Through this approach, P4G helps improve market conditions for climate entrepreneurs and accelerates countries’ transitions to more just and resilient economies. Hosted by World Resources Institute and funded by Denmark, the Netherlands and the Republic of Korea, P4G supports food, water and energy partnerships in Colombia, Ethiopia, Indonesia, Kenya, South Africa and Vietnam. To learn more, visit www.p4gpartnerships.org.  

About Green Climate Fund  

GCF is the world's climate fund for developing countries, mobilising and delivering capital at scale, strengthening institutions and supporting transformative change, and bringing together our extensive partnership networks to deliver impact. GCF is mandated as the primary operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and serves the 2015 Paris Agreement. To fulfil its role in supporting global climate ambition, GCF is focused on delivering high-impact climate finance at scale, underpinned by a country-owned approach focused on system-wide change. The fund has USD 22.3 billion committed across more than 130 developing countries through a wide range of adaptation and mitigation projects. www.greenclimate.fund  

About BlueOrchard  

BlueOrchard is a leading global impact investment manager with a long-standing track record of delivering financial returns alongside measurable social and environmental outcomes. Established in 2001 as part of a United Nations initiative, the firm has been a pioneer in impact investing, with a particular focus on emerging and frontier markets.  

With more than two decades of experience, global reach and deep local expertise, BlueOrchard offers a broad range of impact investment strategies designed to meet the needs of institutional, private, and public investors. These solutions provide access to high-growth markets while supporting job creation and sustainable economic development. The firm has invested billions of dollars across more than 100 countries, benefiting millions of underserved micro-, small- and mid-sized enterprises.  

As part of Schroders, a global asset manager with a heritage spanning over 200 years, BlueOrchard combines specialist impact investing capabilities with institutional-grade infrastructure and governance.  

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