The European Union and the Global Green Growth Institute (GGGI) today signed a €10 million contribution agreement for the Global Gateway Climate Investment Facility, a new programme under the EU’s Global Gateway strategy, designed to help partner countries translate climate commitments into investment-ready projects and mobilise public and private finance.
The agreement was signed on the margins of COP31, the United Nations Climate Conference, by Jan Dusík, Deputy Director-General for Climate Action at the European Commission, and Sang-Hyup Kim, Executive Director of GGGI.
Funded by the European Union and implemented by GGGI over four years, the Global Gateway Climate Investment Facility aims to mobilise at least €1 billion in climate-aligned investment, including €750 million in private capital, in support of national climate priorities.
European Commissioner for International Partnerships Jozef Síkela, said: “The transition to a more sustainable economy is not only an environmental necessity, but also an opportunity for more economic growth and it is one of our main priorities under Global Gateway. Through the Global Gateway Climate Investment Facility, we are mobilising investments in climate-related projects in our partner countries.”
Jan Dusík, Deputy Director-General for Climate Action at the European Commission, said: “Turning climate commitments into concrete investment is central to delivering the Paris Agreement. Through this Facility and in line with our Global Gateway investment agenda, we will help partner countries prepare projects, attract finance and strengthen climate resilience.”
Sang-Hyup Kim, Executive Director of GGGI, said: “COP31 is the COP of implementation, and finance is what turns climate commitments into action. Working alongside governments, GGGI has already helped mobilize more than USD 18 billion in green investment worldwide. We are grateful for the partnership with the European Union and their Global Gateway initiative. Building on our proven track record, this agreement will enable us to scale up our impact, mobilize even greater investment, and help more countries turn their climate ambitions into reality”
Supporting the transition from climate plans to financed projects
The Facility will address barriers that often prevent investment, including fragmented planning, limited project preparation capacity and difficulties in accessing finance.
Particular attention will be given to climate adaptation and resilience, where financing remains insufficient, and to supporting countries in preparing for participation in international carbon markets under Article 6 of the Paris Agreement.
Background
The Global Gateway Climate Investment Facility is a €10 million EU-funded technical assistance programme implemented by GGGI over four years (2026–2030). It will support at least 15 partner countries in implementing their national climate plans through policy support, project preparation and finance mobilisation. Its work on international carbon credits will support readiness under Article 6 of the Paris Agreement and the development of project pipelines aligned with Global Gateway priorities.
Global Gateway
The Global Gateway strategy represents the EU’s commitment to reducing global investment gaps by fostering sustainable connections in digital, energy, and transport sectors while strengthening education and research systems.
Since its launch in 2021, Global Gateway has mobilised over €300 billion in public and private investments worldwide, supporting sustainable growth, connectivity and resilient partnerships.
