• The Nature Solutions Finance Hub with the Asian Devel- opment Bank (ADB) and the Arab Coordination Group (ACG),
Tanzania, Türkiye and Uzbekistan, each showcasing diverse pathways to climate mitigation and adaptation. These operations reflect the OPEC Fund’s growing exper- tise in applying joint multilateral development bank (MDB) climate finance tracking methodologies and in support- ing partner countries’ nationally determined contributions (NDCs). Starting in 2025, all new OPEC Fund projects (excluding trade finance) will undergo climate screening. The institu- tion will also expand support for low-carbon transitions, sus- tainable infrastructure and climate-smart agriculture, while strengthening its role as a South-South cooperation partner and knowledge platform. As global climate finance needs continue to rise, the OPEC Fund stands committed to supporting its partners in navigating the dual challenge of development and climate resilience — through inclusive, transparent and high-impact investments.
• The newly launched Island Resilience Facility, supporting Small Island Developing States (SIDS), and
• The OPEC Fund’s US$1 billion pledge to the Global Drought Resilience Partnership launched at the United Nations Convention to Combat Desertification (UNCCD) COP16 in Riyadh, Saudi Arabia, in December 2024. These initiatives enhance climate resilience, strengthen food systems, promote clean energy and foster nature-based solutions. The OPEC Fund also increasingly leverages in- novative financing tools such as sustainability bonds and policy-based loans to catalyze systemic change.
The Climate Finance Report features in-depth analy- ses of key projects from Bangladesh, Egypt, Honduras,
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