Policy paper

Chile and Global Clean Power Alliance finance mission: action plan

Updated 14 November 2025

The Global Clean Power Alliance (GCPA) Finance Mission is a timebound initiative, backed by a coalition of donor countries, philanthropies and delivery partners^{[footnote 1]}. It is designed to respond to specific requests for assistance from its Emerging Markets and Developing Economies (EMDE) partners, collaborating with them to ensure they have the right people, tools and capabilities to undertake high quality energy investment planning^{[footnote 2]}, and to build a pipeline of bankable projects to accelerate the implementation of clean energy transition goals.  

The Chilean Ministry of Energy will lead the Government of Chile’s partnership with the GCPA, in collaboration with the Ministry of Finance. Chile has successfully attracted significant foreign direct investment (FDI) to its renewable markets and seeks to further deepen markets on clean energy. Chile’s National Energy Policy 2050 sets the overarching goal of achieving 100% zero-emission electricity generation by 2050. To advance this vision, the government’s Long-Term Strategic Planning (PELP) 2023–2027 supports the implementation of key instruments, including the Energy Sectoral Plan for Climate Change Mitigation and Adaptation, the Green Hydrogen Action Plan 2023–2030, and the Decarbonisation Plan.

With this in mind, and in response to specific offers of support and requests received from the Chile Ministry of Energy in the clean energy sector, and noting Chile is no longer ODA eligible, the GCPA Finance Mission and its partners commit to making the fullest and best endeavours to implement the following initial set of priority actions through to COP32.

1. International exchange on private finance, with a focus on sharing experience and South-South learning:

a. Work with Chile on South-South co-operation mechanisms that share lessons on the energy transition and attracting private finance, including building on Chilean leadership as Chair of the Regional Conference on South-South Cooperation in Latin America and the Caribbean, with the central GCPA Finance Mission team leading on organisation and logistics

b. This may include sharing of experience, challenges and lessons learned on unlocking private investment into renewable energy and green grid infrastructure, among other topics

2. Targeted support on mobilising private finance in more nascent sectors such as Off-Shore Wind (OSW), Grid Transmission and distribution, Storage, Sustainable Mining, Green Hydrogen and industrial Decarbonisation.

a. The GCPA Finance Mission will mobilise targeted assistance to improve the private finance investment attractiveness in these sectors

b. Agree mechanisms for Chile to learn from best practices for elsewhere and share experiences relating to these sectors

c. Supporting the identification and preparation of a short-list of bankable projects

d. Facilitate investor dialogue between interested parties

3. Capacity building in the regulatory environment:

a. The GCPA Finance Mission will mobilise targeted technical support focussed on demand-responsive capacity building to overcome regulatory bottlenecks and make the regulatory environment more conducive to private sector investment, as well as flexible solutions for customers. This will be done through its current legal framework

b. Design and implement a bespoke training programme for regulators to help plug capability gaps and learn best practice in line with appropriate global standards.

The GCPA Finance Mission will coordinate and deliver the activities, working with the Green Finance Institute and World Bank in close partnership with Chile’s Ministry of Energy. At all times, the GCPA Finance Mission will work in spirit of equal partnership, collaboration and respect with Chile. The Finance Mission will always endeavour to work flexibly with Chile’s existing activities and delivery partners to ensure its activities are well coordinated, additive and complementary. The Finance Mission will seek to mobilise and work with local expertise, resources and capacities wherever possible.

This Action Plan will remain a live document, with opportunity to update the details, scope and breadth of support as work unfolds and accordance with demand from Chile. A formal review and update of this Action Plan will take place by COP31.

1. See Global Clean Power Alliance: organisations finance statement - GOV.UK ↩

2. In line with the GCPA Finance Mission’s Roadmap on High Quality Energy Investment Planning. ↩