GCBC Accelerator Launch: Advancing Climate Finance Solutions
Empowering Capacity Building in Climate Finance
The Global Capacity Building Coalition (GCBC) recently announced the launch of the GCBC Accelerator, designed to support innovative capacity building projects that mobilize sustainable finance in emerging markets and developing economies (EMDEs). This exciting initiative was introduced during Ecosperity Week 2025 and aims to provide much-needed resources and expert guidance to high-potential projects.
What is the GCBC Accelerator?
This Accelerator offers a unique opportunity for organizations and partnerships committed to improving capacity in EMDEs to showcase their initiatives. Applicants can enter across three categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation. This structured approach ensures that diverse and impactful projects can be recognized and supported.
Addressing the Sustainable Finance Gap
Emerging markets, excluding China, are faced with a staggering annual financing gap of nearly $2.5 trillion for sustainable development. It is anticipated that around half of this funding will come from local resources, highlighting the necessity to strengthen financial institutions within these economies. The GCBC Accelerator targets existing barriers by supporting innovative capacity building initiatives that can effectively channel resources to where they are most needed.
Statements from Leadership
Mary Schapiro, Chair of the GCBC, emphasized the urgency of this initiative by stating, "Emerging markets and developing economies need access to the tools, resources, and support necessary to accelerate the clean energy transition. This Accelerator program is designed to identify and scale innovative efforts that support capacity-building, drive economic opportunity, and help build more resilient, sustainable economies."
Support Offered by the GCBC
The GCBC is committed to providing selected initiatives with tailored support, including expert advisory services, marketing assistance, and practical operational help for capacity building endeavors. This comprehensive support structure will enable chosen applicants to flourish and make a significant impact.
Upcoming Announcements and Timelines
Selected applicants for the Accelerator will be announced during New York Climate Week in September 2025. By recognizing and supporting these initiatives, the GCBC aims to unlock new investment opportunities and foster meaningful advancements in EMDEs.
About the Global Capacity Building Coalition
The GCBC is a groundbreaking initiative that unites major climate finance organizations to enhance capacity building for financial institutions and professionals in emerging markets. The Coalition is designed to strengthen collaboration and address the increasing demand for capacity building support within the financial sector.
Michael R. Bloomberg, the U.N. Secretary-General's Special Envoy on Climate Ambition and Solutions, helped launch the GCBC alongside other senior leaders at COP28. This collaborative framework aims to bridge the knowledge and support gaps faced by financial institutions striving to meet sustainable finance objectives.
Frequently Asked Questions
What is the purpose of the GCBC Accelerator?
The GCBC Accelerator aims to support high-potential capacity building projects that mobilize sustainable finance in emerging markets and developing economies.
How can organizations participate in the GCBC Accelerator?
Organizations can apply across three categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation.
What types of support does the GCBC provide for selected initiatives?
The GCBC offers tailored support, including expert advisory services, marketing assistance, and practical operational help for capacity building activities.
When will the selected Accelerator applicants be announced?
The selected applicants will be announced during New York Climate Week in September 2025.
Who can join the Global Capacity Building Coalition?
Organizations interested in building capacity in climate finance within EMDEs can express their interest in joining the Global Capacity Building Coalition through direct contact.
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