Emerging markets will see a total investment of €7.5 billion for climate projects, as allocated by AllianzGI and EIB.
The Emerging Markets Climate Action Fund (EMCAF), a blended finance private equity fund launched in 2021, has revealed its plans for future investments in renewable energy and energy efficiency projects. The fund, created by the European Investment Bank (EIB) and Allianz GI, aims to mobilize €7.5bn for climate projects in emerging and developing countries.
EMCAF has already made significant investments, providing $100m for four transactions in Africa, Asia, and Latin America, supporting renewable energy, sustainable mobility, and green infrastructure. These investments are expected to support approximately 150 projects aimed at reducing greenhouse gas emissions.
The fund has received backing from private insurers Allianz and Swedish insurance company Folksam, as well as public funding from European governments, with Germany's Kreditanstalt für Wiederaufbau contributing the final €20m public contribution. In total, European governments have already provided €450m in public funding to EMCAF.
The focus areas of EMCAF's investments are renewable energy and energy efficiency. The fund plans to invest in around 15 additional funds in the future, continuing its mission to support climate action projects in emerging and developing countries.
It is worth noting that several global philanthropic and institutional efforts are mobilizing capital for climate adaptation and resilience in emerging markets. Investment strategies in emerging markets are increasingly focused on directing capital toward climate resilience and sustainable infrastructure, integrating social and economic benefits alongside environmental outcomes.
However, detailed, project-specific information about EMCAF’s forthcoming investments in renewable energy and energy efficiency is not explicitly covered in recent public announcements or reports as of August 2025. It may be necessary to consult EMCAF’s official communications, investment briefs, or direct inquiries to the fund managers for the most current pipeline details.
As the world continues to grapple with the challenges posed by climate change, initiatives like EMCAF play a crucial role in supporting the transition to a low-carbon economy in emerging and developing countries. The fund's focus on renewable energy, energy efficiency, and sustainable infrastructure will undoubtedly contribute to a more sustainable future for these regions.
- The Emerging Markets Climate Action Fund (EMCAF) will continue its investment focus in the future, aiming to invest in around 15 additional funds, maintaining its dedication to renewable energy and energy efficiency projects.
- Aside from private investments, EMCAF has garnered substantial support from European governments, with a total of €450m in public funding already allocated.
- By supporting projects aimed at reducing greenhouse gas emissions, renewable energy, and sustainable infrastructure, initiatives like EMCAF are integral to the global mission of fostering climate resilience and a low-carbon economy, particularly in developing countries.
