Policy paper

Colombia and Global Clean Power Alliance Finance Mission: action plan

Updated 17 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 Colombian Ministry of Mines and Energy will lead the Government of Colombia’s partnership with the GCPA Finance Mission. The Ministry of Mines and Energy launched the National Energy Plan 2022-2052 in 2023 to set out a pathway to increase the share of renewables and improve energy efficiency. 

The Colombian Country Platform was announced in September 2024. It is a broad socio-ecological platform focussed on a portfolio of 20 strategic investment projects on energy transition, sustainable transportation, and conservation. The Inter-American Development Bank (IDB) is supporting the country platform to achieve climate and just energy transition goals, as a mechanism for collaboration with the international community, and helping to structure a portfolio of priority projects.

With this in mind, and in response to specific offers of support and requests received from the Ministry of Mines and Energy in the clean energy sector, 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. Private finance capacity building:

a. The GCPA Finance Mission delivery partners will extend a targeted capacity-building programme provided by private finance experts

b. Provide dedicated locally sourced and internationally supported private finance experts to support structuring projects to make them more financially viable for investment

c. Design and implement a bespoke set of training programmes for policymakers and private finance practitioners to help plug capability gaps

2. Priority project readiness and bankability support:

a. The GCPA Finance Mission will agree a short-list of priority clean energy projects (potentially including renewable energy generation, storage and transmission, electromobility and charging infrastructure, green hydrogen, smart grids enablers) where the Government of Colombia would welcome support for focused and tailored project readiness and bankability support with a view to accelerating progression towards Final Investment Decision (FID)

b. Support the identification of appropriate finance through bilateral and multilateral instruments to help mobilise private finance and overcome financing gaps (recognising the Colombian socio-economic development plans to also benefit more vulnerable parts of the population)

The GCPA Finance Mission will coordinate and deliver the activities, working with the Green Finance Institute and World Bank, in close partnership with the Government of Colombia’s nominated local partners. The Ministry of Mines and Energy will designate the focal person(s) for this Programme. At all times, the GCPA Finance Mission will work in spirit of equal partnership, collaboration and respect with Colombia. The GCPA Finance Mission will always endeavour to work flexibly with Colombia’s existing activities and delivery partners to ensure its activities are well coordinated, additive and complementary. The GCPA 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 in accordance with demand from Colombia. 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. ↩