Increasing the number of bankable, climate-related projects and businesses in emerging markets and developing economies
Who we are
Allied Climate Partners (ACP) is a philanthropic investment organization with a mission to increase the number of bankable, climate-related projects and businesses in emerging markets and developing economies to create significant environmental, economic, and social impact. ACP’s initial focus regions are Southeast Asia, the Caribbean and Central America, Africa, and India.
What we do
ACP will select regional investment managers in Southeast Asia, Africa, the Caribbean and Central America, and India and support them with capital and technical support necessary to increase the number of climate-related projects and asset-oriented businesses
The initial proof-of-concept for ACP is the Southeast Asia Clean Energy Facility (SEACEF), managed by Clime Capital.
“The shortage of bankable projects is a critical, persistent challenge in emerging economies. ACP’s leadership in providing affordable innovative financing to early-stage climate projects and companies addresses the urgent need in the transition to net zero, acting as a pioneering market making catalyst for underserved sectors.”
- Damilola Ogunbiyi, UN Secretary General's Special Representative
and CEO for Sustainable Energy for All (SEforALL)
Latest News
Allied Climate Partners Makes Inaugural Catalytic Investment, Anchors SEACEF II First Close
PR Newswire | 21 January 2024
Allied Climate Partners (ACP), the innovative philanthropic investment organization recently launched at COP28, today celebrated the first close of the Southeast Asia Clean Energy Fund II (SEACEF II), managed by Clime Capital. Allied Climate Partners' mission is to increase the number of bankable, climate-related projects and businesses in emerging economies to create significant environmental, economic, and social impact…
IFC and Allied Climate Partners Announce Collaboration to Scale Emerging Market Climate Investments
IFC | 1 December 2023
IFC today announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in Southeast Asia, Africa, the Caribbean and Central America, and India. ACP's new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies…
Exclusive: At COP28, donors join IFC to lure $11 bln in climate cash
Reuters | 1 December 2023
Some of the world's biggest charities have joined forces with the World Bank's private investment arm in a climate financing venture to try to generate $11 billion in investments in developing countries. Launching the Allied Climate Partners (ACP) platform on Friday…
The challenge: Increasing the number of bankable climate projects and businesses
Infrastructure projects face their highest risks at the earliest stages, particularly in emerging markets and developing economies. As a result, risk-oriented capital is often in short supply, and it can be challenging for entrepreneurs and developers to access the early-stage capital and technical support assistance they need to develop climate-related projects and businesses to the point of bankability and financial close.
How ACP addresses the challenge
ACP’s capital will address a critical gap in early-stage financing of bankable, climate-related projects and asset-oriented companies.
By anchoring local investment managers with catalytic, junior capital, ACP will:
Focus on climate projects and companies at early stages of development when risk-oriented capital can have a significant impact;
Systematically de-risk investments by providing tranched, milestone-based disbursements and hands-on management support;
Seek to exit early, crowd in third-party investors, and recycle proceeds to create more bankable projects; and
Ensure investments promote jobs, green industrialization, inclusive growth, and shared prosperity.
How ACP supports selected regional managers
ACP provides hands-on, value-added support by:
Anchoring selected investment managers with first-loss, junior equity. This enables them to raise senior equity and create funds of sufficient scale focused on early-stage, climate-related projects and asset-oriented businesses;
Working closely with regional investment managers to support their strategies, fundraising, and networks;
Investing in strategic partnerships in the ecosystem to improve the investment landscape for regional funds and achieve climate impact.
Initial focus regions
More than just capital
In addition to providing capital, ACP is seeking to establish targeted strategic partnerships in:
Human capital development
Policy & regulation
Financing innovation
Data & technology
ACP’s combination of philanthropic investment capital, value-added support, and targeted strategic partnerships creates multiple pathways to further our climate-related goals.