Policy paper

Global Clean Power Alliance: finance mission update (June 2025)

Published 27 June 2025

Today (27 June) the United Kingdom and Brazil have jointly set out the next steps in the Global Clean Power Alliance Finance Mission.  

• the Global Clean Power Alliance (GCPA) Finance Mission was launched at the G20 summit by Prime Minister Starmer and President Lula of Brazil in November 2024, with a clear purpose to scale clean energy investments in Emerging Markets and Developing Economies (EMDEs) in line with the Global Stocktake goals of tripling renewable energy capacity and doubling energy efficiency globally by 2030
• bringing together partners across a global coalition of high ambition countries, the Finance Mission will deliver a timebound delivery package to scale investment, particularly from the private sector, into new and emerging energy country platforms.
• the GCPA Finance Mission will reinforce Brazil’s COP30 objectives, particularly with those of the Circle of Finance Ministers, and align with Brazil’s Global Coalition on Energy Planning (GCEP) goals to promote effective energy planning and accelerate clean energy transition investments in EMDEs

The GCPA Finance Mission was launched last year to close the critical gap in financing for clean energy in emerging markets and developing economies. The GCPA Finance Mission will work to support access to private finance in new and existing clean energy country platforms. This approach recognises that the vast majority of finance needed for the global transition to clean energy will come from the private sector, and that country platforms are increasingly the mechanism of choice for EMDEs as an instrument to help mobilise and coordinate energy transition finance.

With a growing number of existing and new country platforms under development, it is critical that country platforms can effectively access and leverage private finance to achieve the speed and scale of investment needed for clean energy transitions. The Finance Mission seeks to support new and existing country platforms by ensuring they have the right people, tools and capability to deliver high quality energy investment plans and a pipeline of bankable projects to accelerate the implementation of energy transition goals.

This support will take place at three levels:

• global workstream: partnering with the Green Finance Institute and the World Bank, the Finance Mission will define and promote best practice in creating high quality energy investment plans that meet the needs of private investors. It will map the support available to equip countries with the skills and tools to mobilise private finance behind clean energy transitions

• country workstream: the Finance Mission will partner with existing delivery vehicles to enhance and embed finance skills, expertise and institutional capabilities within and alongside country platform secretariats, to enhance new and existing country platforms, support and strengthen energy investment plans, and embed a private investment perspective throughout platform end-to-end operations

• project workstream: the Finance Mission will provide targeted support to partner countries to make project pipelines more investable, by mobilising a tailored package of support to accelerate investment readiness

The global workstream will also be aligned with and delivered through the work of Brazil’s Global Coalition on Energy Planning (GCEP), launched at the Rio Energy Planning Summit in June 2025. GCEP will bring together countries and private finance, energy and development partners, to identify barriers and develop solutions to unlocking private finance flows behind clean energy transitions in EMDEs. In the lead up to COP30, the GCEP and GCPA Finance Mission will collaborate to define how high-quality energy investment planning can facilitate greater investment from the private sector, working in partnership with countries and a wide range of partners across private finance, industry, and the legal community, as well as philanthropy, and a range of international delivery partners.

Throughout these workstreams, South-South learning will be centred, and the Finance Mission will establish mechanisms and partnerships to support collaboration opportunities.