World Resources Institute, Green Climate Fund and BlueOrchard sign MOU to mobilize investment in climate startups in emerging economies. Antalya, Turkey (November 11, 2026) - World Resources Institute (WRI), Green Climate Fund (GCF) and BlueOrchard signed a memorandum of understanding (MOU) on Nov. 9, 2026, to mobilize investment in climate startups and support climate entrepreneurship in emerging markets and developing economies (EMDEs). EMDEs require an estimated $2.3 trillion to $2.5 trillion annually by 2030 to meet their climate goals, according to a report by the Independent High-Level Expert Group. That's a fourfold increase over current investment levels. The three partners will explore ways to scale high-impact climate startups, build an investable pipeline of climate startups in Africa, Asia and Latin America and improve national enabling environments for these ventures. Focus areas will include renewable energy, zero-emission mobility, sustainable agriculture, food loss and waste, water resilience, and circular economy models that can enhance resilience and improve livelihoods. This collaboration leverages the strengths of each partner. Through P4G (Partnering for Green Growth and the Global Goals 2030), an initiative it hosts, WRI brings a country-led approach to strengthen policy frameworks, informed by startups' experiences. BlueOrchard, a leading global impact investment manager, will contribute its investment expertise, while GCF, which finances climate action in developing countries will provide its expertise to advance its global mandate to channel resources to transformative solutions. "We're thrilled to partner with BlueOrchard and GCF to mobilize critical climate finance for emerging economies. P4G's proven track record working with country partners to cultivate enabling environments for climate startups to thrive, can de-risk investments and accelerate country-led transition goals," said Robyn McGuckin, executive director of P4G. "Emerging markets are home to innovative businesses developing solutions to some of the most pressing climate challenges. Yet many promising companies face difficulties accessing the capital they need to grow. We are pleased to join forces with WRI and GCF to help bridge this gap. This is an important step towards developing commercially viable climate solutions that can deliver measurable impact at scale," said Martin Diaz Plata, global head of private equity at BlueOrchard. "Climate startups in developing countries often struggle to find an investor willing to take the first risk. GCF can accept risks that other investors will not, and our country-led approach keeps the work tied to national priorities. With WRI and BlueOrchard, we look forward to exploring how to catalyze public and private finance for climate entrepreneurs," said Amer Baig, chief investment officer of GCF. P4G helps early-stage climate startups in emerging markets and developing economies become investment-ready. It provides startups with grants and technical assistance, and connects them with national public-private platforms to help them navigate local markets. Through this approach, P4G helps improve market conditions for climate entrepreneurs and accelerates countries' transitions to more just and resilient economies. Hosted by World Resources Institute and funded by Denmark, the Netherlands and the Republic of Korea, P4G supports food, water and energy partnerships in Colombia, Ethiopia, Indonesia, Kenya, South Africa and Vietnam. To learn more, visit www.p4gpartnerships.org. About Green Climate Fund GCF is the world's climate fund for developing countries, mobilising and delivering capital at scale, strengthening institutions and supporting transformative change, and bringing together our extensive partnership networks to deliver impact. GCF is mandated as the primary operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and serves the 2015 Paris Agreement. To fulfil its role in supporting global climate ambition, GCF is focused on delivering high-impact climate finance at scale, underpinned by a country-owned approach focused on system-wide change. The fund has USD 22.3 billion committed across more than 130 developing countries through a wide range of adaptation and mitigation projects. www.greenclimate.fund About BlueOrchard BlueOrchard is a leading global impact investment manager with a long-standing track record of delivering financial returns alongside measurable social and environmental outcomes. Established in 2001 as part of a United Nations initiative, the firm has been a pioneer in impact investing, with a particular focus on emerging and frontier markets. With more than two decades of experience, global reach and deep local expertise, BlueOrchard offers a broad range of impact investment strategies designed to meet the needs of institutional, private, and public investors. These solutions provide access to high-growth markets while supporting job creation and sustainable economic development. The firm has invested billions of dollars across more than 100 countries, benefiting millions of underserved micro-, small- and mid-sized enterprises. As part of Schroders, a global asset manager with a heritage spanning over 200 years, BlueOrchard combines specialist impact investing capabilities with institutional-grade infrastructure and governance. Primary contact. * Sangeetha Sarma Director of Communications and Engagement Relevant work. News April 25, 2025 News October 1, 2025 News October 3, 2024 News March 28, 2024 Projects.

Shell Foundation expands partnership with the FCDO to co-fund and deliver the Transport Innovation Hub under the RIDE programme. Shell Foundation today announced an update on their partnership with the UK Foreign, Commonwealth & Development Office (FCDO) to co-fund and deliver the Transport Innovation Hub (TIH), a Pillar of the Research on Infrastructure in Developing Economies (RIDE) programme, with £1.7 million in funding from FCDO and £0.85 million from Shell Foundation. RIDE is a global research and innovation programme designed to catalyse change in sustainable transport through science, partnerships and innovation. It is implemented by a consortium led by GIZ, in partnership with Shell Foundation (SF), the World Resources Institute (WRI) and the Transport Research Laboratory (TRL), with GIZ as the lead partner. At the heart of RIDE, the Transport Innovation Hub provides a platform to test, refine and scale early-stage solutions addressing transport challenges in low- and middle-income countries, helping bridge the gap between research, policy and investment. Shell Foundation's co-funding and delivery of the Transport Innovation Hub builds on its long-standing collaboration with FCDO since 2011 to co-fund and deliver research and innovation programmes that accelerate access to clean energy and support inclusive economic growth. Through this collaboration, Shell Foundation will lead efforts to translate evidence into practical applications and scale innovations that can improve transport systems, mobilise investment and deliver more inclusive, low-carbon growth. RIDE represents an important step forward in how Shell Foundation connect research, innovation and investment to address some of the most pressing transport challenges facing low- and middle-income countries. Shell Foundation greatly value its continued partnership with the FCDO, which reflects its commitment to supporting solutions that can be tested, refined and scaled to deliver impact at pace. Jonathan berman. CEO, Shell Foundation RIDE aims to generate policy-relevant evidence, strengthen transport systems and mobilise private finance for sustainable infrastructure, with a strong focus on inclusion, resilience and climate outcomes. By working with governments, research institutions, development partners and investors, the programme seeks to ensure that transport investments are informed by robust evidence and deliver long-term economic and social benefits. Accelerating EV Supply for Africa's Mobility Transition Across Africa, millions of transporters depend on two- and three-wheelers as productive assets that generate income for themselves and their families. Yet one of the biggest barriers to widespread EV adoption remains access to affordable, durable and commercially viable electric vehicles supported by reliable service and distribution networks. The RIDE programme is supporting Kinetic Green to address this challenge by enabling the entry and adaptation of proven EV platforms for African operating environments. The partnership is focused not only on vehicles, but on building the conditions required for adoption, including local assembly, technician capability, distribution channels, customer awareness and after-sales support. Vehicles are on the road in Ethiopia and additional market expansion is in scope. These deployments are generating practical evidence on product performance, customer demand, and the ecosystem requirements needed to support scale across African markets. At GloCon 2026, RIDE collaborators gathered to share lessons from this journey and discussed how partnerships between development actors, governments and private sector manufacturers can help strengthen Africa's electric mobility ecosystem and expand access to cleaner, more productive transport solutions. The RIDE partnership has also supported the Africa Corporate Innovation Program (ACIP) - a corporate co-creation and innovation platform run by Double Feather Partners (Africa focused venture capital and advisory firm) in partnership with Shell Foundation and FCDO. It brings together startups addressing societal challenges in Africa and global corporate to evaluate the commercial viability and societal impact of business models that can help solve local challenges through real-world trials, while aiming to create and scale sustainable, climate-smart and inclusive businesses.