Climate Prosperity Plans

CLIMATE PROSPERITY PLANS

Member nations of the Climate Vulnerable Forum and V20 Finance Ministers (CVF-V20) are not only on the frontlines of climate change but also face systemic financial barriers: high costs of capital, unsustainable debt levels, and limited fiscal space. These constraints undermine their ability to invest in low-carbon development and climate resilience.

To meet the scale of the challenge, climate finance flows must increase dramatically—fivefold from the current USD 90 billion to USD 490 billion annually by 2030. Only through such bold mobilization of resources can these nations pursue development pathways aligned with the goals of the Paris Agreement.

The Climate Prosperity Plans (CPPs) were created to directly address this challenge. First launched under Bangladesh’s Presidency, CPPs are pioneering, medium-to-long-term national investment strategies that integrate development, climate, and nature. They are designed to provide a structured and strategic framework for building project pipelines, attracting capital, and accelerating access to technology.

KEY COMPONENTS OF CLIMATE PROSPERITY PLANS

Long-term Socio-economic Targets

The CPP sets ambitious targets for achieving sustained economic growth, poverty reduction, job creation, and improved living standards while integrating climate considerations into development planning.

Projects and Programs

The CPP identifies specific programs and projects that contribute to achieving the set targets.

Financing Options

The CPP outlines various financing mechanisms and sources to support the implementation of the plan’s projects and programs.

Legislation and Regulations

The CPP provides an in-depth assessment of existing policy and regulatory frameworks related to climate change and development and provides recommendations for strengthening and aligning them with the objectives of the CPPs.

V20 SUPPORT IN THE IMPLEMENTATION OF CPPS

Action on the Ground

We provide regionally-based staff to continuously engage the government, track progress on projects, and represent interests to partners locally and globally.

Financing and Investment

We help with financial planning and investment options, organizing investor events, integrating funding initiatives into mobilization efforts, and coordinating support from philanthropic partners for projects/programs.

Knowledge and Sharing

We facilitate the country’s access to modeling platforms and knowledge-sharing opportunities with other CPP countries. We also provide guidance to adjust the strategies as needed based on implementation challenges.