The Australian Government is launching an innovative new climate program to harness the power of private capital and our development assistance to turbocharge climate action in our region.
The Climate Catalyst Window, announced at COP29, will boost the efforts of climate-focused businesses across Southeast Asia, South Asia and the Pacific - one of the world's most climate-vulnerable regions.
Backed by the proven success of Australian Development Investments (ADI), this $126 million initiative leverages concessional finance to de-risk transactions making climate solutions attractive to private investors.
ADI will use loans, equity and guarantees to attract private investment into projects that matter to our region. Funds recovered through the Window will be reinvested, ensuring the fund grows over time, and supports a pipeline of projects into the future.
Along with financial support, the initiative will provide projects with technical assistance to ensure rigorous impact measurement, promote gender equality, and enhance project bankability.
This initiative is another example of Australia's commitment to accelerating the net-zero transition and showcases the impact of sustainable finance in mobilising private capital to address climate challenges across the Indo-Pacific.
