6. PROJECTS
The OPEC Fund’s operational priorities for the period 2025-2030, driven by partner country demand and strategic alignment, focus on a set of key areas: building infrastructure, developing human capital, enhancing institutional capacity and promoting the private sector and trade. These priorities aim to advance economic growth, improve living standards and address critical global challenges faced by developing countries.
Driving climate action is a cross-cutting priority for the OPEC Fund — integrated across its operations to pro- mote climate mitigation or climate adaptation (including nature-based solutions). To qualify as climate mitigation finance, project activities must be clearly linked to eligible sectors and technologies that contribute to the reduction
or avoidance of GHG emissions. To qualify as climate ad- aptation finance, a three-step approach is applied: (I) the identification of climate vulnerabilities; (II) demonstration of clear intent to address these vulnerabilities; and (III) a clear linkage between financed activities and the adapta- tion intent.
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