Today at COP29 , USAID highlighted accomplishments in partnering with the private sector to mobilize climate finance and announced a suite of $53.7 million in catalytic investments, subject to regular Congressional notification processes. Since 2021, USAID has mobilized more than $30 billion in public and private climate finance to address development needs. These additional investments build on those successes and are catalyzing additional climate financing for countries and areas with the greatest need.
Of this funding, $9.25 million is through USAID's EDGE Fund to scale multiple climate finance vehicles, which includes $2.75 million to enable two investment funds under the PREPARE Adaptation Finance Window; $4.5 million to incentivize private investment in impact funds and mobilize investment in natural climate solutions; and $2 million for the Outrigger Impact Fund, which aims to drive $500 million of investment into coastal and marine natural capital.
USAID also announced investments in key countries and regions, including $27.7 million for the Colombia Invest for Climate activity and $6.2 million for the Partnerships for Green Investment initiative in Southeast Asia.
USAID mobilized a package of investments of $9.3 million to accelerate climate finance for climate-resilient and low emissions development investments in agriculture and food systems across Africa.
USAID also announced $1.2 million in financing for marine conservation, including $200K through the Nautilus Ocean Guarantee Company, which seeks to de-risk investments in the blue economy.
