Future Fund

Empowering developing and emerging economy regions to accelerate climate action.

The Future Fund aims to empower sub-national governments to accelerate the shift towards a world of under 2°C of warming, through strategic funding that supports climate activities in developing and emerging economy regions.

The role of developing and emerging economy regions is fundamental to make a difference to the world’s climate system. Not only can these regions contribute to a decarbonized world, but implementing mitigation measures can carry significant and much-needed health and socioeconomic benefits to local populations.

However, these regions have traditionally struggled to find resources to join international climate networks, participate in meetings, develop mitigation capacities or share lessons learned due to various resource constraints.

The Future Fund was launched at COP22 in Marrakech, with founding contributions from the governments of Alberta, Ontario, Québec, Scotland, South Australia and Wales.

    Maurício Brusadin, Secretary of State for the Environment, São Paulo

    Maurício Brusadin, Secretary of State for the Environment, São Paulo

    In 2017, the first Future Fund Progress Report was launched, showcasing the impact of the activities commissioned through the initiative. Through Future Fund contributions, the Government of West Bengal, India, revised its State Action Plan on Climate Change and Yucatán, Mexico produced a new MRV web portal system as part of its State Carbon Management Plan.

    Peer-learning secondments of staff from Gujarat, India (to South Australia) and from Western Cape, South Africa (to California) were facilitated by resources from the Future Fund. Five representatives from developing and emerging economy regions from Cross River State (Nigeria), West Bengal (India), São Paulo (Brazil), Yucatán (Mexico) and Chhattisgarh (India) were able to participate in the Under2 Coalition’s activities at COP23 in Bonn, thanks to contributions to the Future Fund.

    To support The Climate Group, an Advisory Board presides over the overall direction of the initiative, advising on strategic priorities, overseeing the allocation of funds and steering the decision-making processes. Resources from the Future Fund are intended to be used for some of the following priorities agreed with the Advisory Board:

    • Support outreach activities to expand engagement with a focus on key emerging economies (in Asia-Pacific, Africa and Latin America)
    • Identifying and providing direct funding to developing and emerging economy jurisdictions to implement the Under2 Coalition’s 2050 goals (by developing 2050 pathways and establishing robust GHG inventories to measure emissions data)
    • Support capacity-building workshops or secondment of staff from other jurisdictions (on priority topics such as 2050 pathways, disclosure and transparency, and policy)
    • Support the convening of stakeholders from developing and emerging economies, e.g. through dedicated webinars on topics of interest to developing regions to identify and share best practice policy solutions
    • Fund research activities and reports on topics of strategic importance to the jurisdictions and the Coalition through external experts as well as engagement with the Coalition
    • Support travel costs for selected state and regional government elected officials and senior policy experts to attend Under2 Coalition events
    • Fund management and growth, administration, translation services

    Future Fund

    If you would like to contribute or know more about the Future Fund contact:
    Subaskar Sitsabeshan, Head of Government Relations
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