THE GLOBAL CAPACITY BUILDING COALITION LAUNCHES ACCELERATOR AT ECOSPERITY TO SPOTLIGHT AND SCALE CLIMATE FINANCE CAPACITY BUILDING INITIATIVES
SINGAPORE, May 6, 2025 /PRNewswire/ -- Today at the Ecosperity Week 2025, Mary L. Schapiro, Chair of the Global Capacity Building Coalition (GCBC), announced the launch of the GCBC Accelerator, a global initiative that will identify, celebrate, and support high potential capacity building projects that mobilize sustainable finance to help bridge the investment and capacity gap in emerging markets and developing economies (EMDEs).
The Global Capacity Building Coalition
The Accelerator, open to organizations, partnerships, or programs dedicated to building capacity in or for EMDEs, presents an exciting new opportunity for applicants to showcase their efforts supporting the development of climate finance needed to scale the energy transition. Applicants will be able to enter across three distinct categories: mobilizing sustainable finance, building climate capabilities, and fostering innovation.
EMDEs, excluding China, face a nearly $2.5 trillion annual financing gap for sustainable development. Around half of this finance is expected to come from domestic resource mobilization, presenting a transformative opportunity for growth. Strengthening the capacity of financial institutions and professionals in local economies is a critical lever to unlock investment potential. Today, capacity building resources needed to scale the energy transition and sustainable development can often be fragmented, difficult to access, and unevenly targeted. The Accelerator seeks to address these barriers by spotlighting and supporting the world's most innovative and impactful capacity building initiatives that help channel capital where it's needed most.
Mary Schapiro, Chair of the Global Capacity Building Coalition and Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ) said, "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. The GCBC is excited to elevate financial institutions, civil society organizations, and others that are engaging in this critical work."
The GCBC will provide tailored support for selected Accelerator initiatives, including expert advisory, communications and marketing support, partnership facilitation, as well as practical and operational support for capacity building activities. The GCBC will announce selected applicants at New York Climate Week in September 2025. By recognizing these capacity building efforts within the climate finance ecosystem and supporting them to scale and replicate, the Accelerator aims to help organizations and individuals unlock opportunities and accelerate investment in the transition across EMDEs.
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