As the world grapples with the mounting challenges of climate change, developing nations are under increasing pressure to secure the financial and technical support required for sustainable development.

The Green Climate Fund (GCF), the world’s largest dedicated climate fund, helps bridge this gap by strengthening national institutions, mobilizing investments, and implementing high-impact climate solutions.

As a newly selected Delivery Partner on GCF’s Readiness program, Palladium will play a key role in supporting countries to develop climate action strategies, strengthen investment frameworks, and design mechanisms to attract private sector financing.

Expanding Access to Climate Finance Through Tailored Readiness Support

The GCF was established in 2010 to provide support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change. Through its Readiness Program, the fund ensures that governments and local entities have the skills, systems, and institutional capacities necessary to access climate financing and deliver high-impact climate solutions.

Alongside other Readiness Partners, Palladium will focus on helping developing countries exercise ownership of climate financing and integrate it within their national climate action plans.

“Developing countries face significant hurdles in accessing climate finance, from institutional challenges to a lack of investable projects,” explains Dennis Hall, partner for Inclusive Growth and Natural Capital at Palladium. “Our role is to work directly with governments and local partners to build these capabilities, ensuring that investments are effectively targeted towards impactful, measurable solutions.”

This may include supporting accreditation of local entities to access GCF funds, developing their country strategies and investment frameworks in alignment with national climate priorities, and building robust pipelines of climate-resilient projects. Palladium will also design innovative financial tools—like blended finance structures, green bonds, and impact investment approaches—to leverage private sector engagement.

A Proven Track Record in Mobilizing Private Finance for Climate Solutions

With a strong track record in mobilizing private-sector finance, structuring innovative climate investments, and delivering capacity-building programs globally, Palladium is no stranger to this type of work.

“Our ability to unlock private capital and design scalable climate solutions in diverse contexts is what sets us apart,” says Elmedina Krilasevic, Palladium’s Director for Climate Finance. “This partnership will help us ensure that funds reach the communities and ecosystems most vulnerable to climate change.”

By leveraging their extensive experience on projects like Partnerships for Forests—which mobilized 1 billion USD for forests and sustainable land use—the team is well positioned to support countries as they build the capacities needed for sustainable, climate-resilient development.

“This is an exciting moment for Palladium,” Hall concludes. “Each piece of work under the agreement will mean more resources, better infrastructure, and stronger climate resilience for communities worldwide. We look forward to working hand-in-hand with governments, financial institutions, and the private sector to accelerate climate action where it’s needed most.”