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Allied Climate Partners : COP28

Allied Climate Partners : COP28


At COP28, Allied Climate Partners joined the International Finance Corporation in a climate financing venture to try to generate $11 billion in investments in developing countries.

  • Allied Climate Partners is a philanthropic investment organisation.
  • 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.
  • Its initial focus regions are Southeast Asia, the Caribbean and Central America, Africa, and India.

International Finance Corporation:

  • It was founded in 1956 with Washington, DC as its headquarters.
  • It is a member of the World Bank Group.
  • Advance economic development and improve the lives of people by encouraging the growth of the private sector in developing countries.