- Solutions target nature restoration, adaptation, resilient agriculture, and industrial decarbonization
- Financial models aim to mobilize nearly USD 400M for climate action
- Initiatives span markets from the Andean Amazon and Brazil to India, Madagascar, Mozambique, the Philippines, Southern Africa, and Viet Nam
Geneva, 14 October 2026 – The Global Innovation Lab for Climate Finance (the Lab) convened at the Building Bridges conference in Geneva to endorse its 2026 class of eight innovative finance vehicles designed to mobilize nearly USD 400 million for climate action across emerging markets.
The eight vehicles were selected in March from a record 1,172 applications and have since undergone seven months of intensive incubation and stress testing. Working alongside experts from the Lab’s global network of public and private investors, proponents refined their financial structures, strengthened their investment and climate strategies, and developed pathways to move their solutions toward implementation.
The Lab’s endorsement recognizes the vehicles’ potential to address persistent barriers to climate investment and mobilize capital for underserved sectors and markets. The solutions span a diverse range of approaches, from financing regenerative agriculture and ecosystem restoration to expanding climate-resilient lending for small businesses and farmers and accelerating industrial decarbonization.
“We have entered an era of implementation in climate finance. The challenge now is to take what works and bring it to scale, directing capital toward solutions that can deliver real climate, economic, and development benefits,” said Barbara Buchner, CPI’s CEO. “These eight vehicles show what that looks like in practice: solutions designed for the markets and sectors where investment is needed most, now ready to fundraise.”
The new instruments join the Lab’s growing portfolio of innovative climate finance solutions. To date, the Lab has launched 95 instruments, collectively mobilizing over USD 5 billion in public and private investment for emerging markets.
“Over the past seven months, the teams have worked closely with the Lab network to strengthen their models, test their assumptions, and prepare for implementation,” said Amanda Brasil, Global Lab Manager. “Endorsement marks an important milestone, and we’re excited to see them take the next step toward raising capital and bringing their solutions to market.”
The 2026 Lab-endorsed solutions:
Adaptation Asia – Panra Fund (Adaptation Asia) is 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.
The Amazon Andes Fund (IMPAQTO Capital) is 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.
Brazil Resilience through Climate Credit and Insurance for SMEs (BRACCE) (StoneCo, Zurich) is 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.
Latin American Climate Resilient Coffee Facility (LATTE) (IDH Investment Management) is 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.
Mitsiry Biodiversity and Climate Fund (Miarakap, Kinomé) is 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.
The Natural Investments Platform (Natural Capital) is a USD 100 million staged financing vehicle that transforms underfunded African conservation landscapes into investable, multi-revenue assets, mobilizing private capital for conservation and restoration at scale.
Secured Climate-linked Agri-Lending Ecosystem (SCALE) (IFPRI, 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 in India.
Viet Nam Industrial Decarbonization Accelerator (VIDA) (Allotrope) is a USD 24.5 million private debt fund financing mid-sized project developers bringing renewable energy solutions to Viet Nam’s industrial parks.
Quotes:
Anne Cathrine Garde, Chief Investment Officer, Natural Capital: “The Lab’s momentum and credibility will help advance investor conversations and deepen partnerships across its network and beyond. With the investment structure in place and a robust pipeline of conservation projects, we’re now focused on mobilizing capital at scale and showing investors they can participate in African conservation with confidence.”
Ben Warren, Founder and Managing Partner, Adaptation Asia: “From 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.”
Berber Kramer, Senior Research Fellow, IFPRI: “The 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.”
Carolina da Costa, Director of Impact and Sustainability, Stone Co.: “The 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.”
Evgenia Sokolova, Program Director, IDH: “The Lab has been instrumental in accelerating the development of LATTE’s 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.”
Koloina Ramaromandray, Blended Finance Director, Miarakap: “The 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.”
Michelle Arévalo-Carpenter, Co-Founder and Fund Manager, IMPAQTO Capital: “Endorsement is our starting line. We’re now moving toward the pilot close of our blended finance credit facility, completing a bioregional pipeline study of investable companies, and turning early investor interest into commitments. We’re inviting catalytic and commercial investors to join us in financing the value chains that make a standing forest worth more than a cleared one.”
Rob Hardison, VIDA Lead, Allotrope Partners: “Insights from CPI’s expert advisors and a Working Group of leading organizations helped us refine VIDA’s concept and financial model, incorporate real-world market feedback, and confirm our pathway to scaling low-carbon solutions across Viet Nam’s industrial parks. Allotrope is now exploring partnerships and funding opportunities to support VIDA’s successful launch and implementation.”
About the Lab
The Global Innovation Lab for Climate Finance identifies, develops, and launches innovative finance instruments that can drive billions in private investment to action on climate change and sustainable development. Bloomberg Philanthropies, the United Nations Development Programme, and the governments of Canada, Germany, and the United Kingdom fund the Lab’s 2026 programs. Climate Policy Initiative serves as the Secretariat and analytical provider.
Contacts
Júlio Lubianco
julio.lubianco@cpiglobal.org
Annie Woscoboinik
annie.woscoboinik@cpiglobal.org
