Locations
Climate Finance Network
Unlocking finance towards climate action
Connecting people, knowledge, and resources across the region to drive collective climate action.
The Climate Finance Network (CFN) is UNDP Bangkok Regional Hub’s flagship initiative to mobilize and direct finance for climate action across Asia and the Pacific. We work and bring together Ministries of Finance, central banks, regulatory authorities, parliamentarians, auditors, investors, the private sector, CSOs and development partners to accelerate reforms and instruments that make public and private finance climate-aligned and investable.
Our goal is to build systems, tools and pipelines that channel finance to NDCs and NAPs and to locally-led adaptation. The CFN initiative is supported by the UK government’s flagship Climate Action for a Resilient Asia (CARA) programme, and the Government of Sweden through the Swedish International Development Cooperation Agency (Sida).
Our mission
Advancing climate finance solutions by unlocking and directing finance towards impactful and inclusive climate action across Asia-Pacific.
Where We Work
Mobilizing climate finance where it matters most
For over 10 years, the CFN has been the regional anchor for climate finance innovation. Today, we work across 18 countries— 13 in Asia and 5 in the Pacific through the Gov4Res project —to mobilize the capital required for a climate-resilient future:
Bangladesh - Cambodia - Fiji - India - Indonesia - Lao PDR - Malaysia - Maldives - Nepal - Pakistan - Philippines - Solomon Islands - Sri Lanka - Thailand - Tonga - Tuvalu - Vanuatu - Viet Nam
Bangladesh
Bangladesh is working to embed climate action directly into its economic framework. To achieve this, UNDP CFN focuses on integrating climate and gender-responsive criteria into public investments, partnering with financial institutions to issue corporate "Orange Bonds" that unlock private capital, and launching blended finance solutions to empower climate-smart small enterprises in the most vulnerable regions.
Learn more: CFN in Bangladesh
Cambodia
UNDP Cambodia is building a robust climate finance ecosystem by enhancing green finance facilities and mobilizing new sources of public and private capital, and supporting the country to move toward a high-value, inclusive, climate-resilient, and carbon-neutral economy.
Learn more: CFN in Cambodia
India
India is creating robust and innovative financial solutions to address its pressing climate challenges. To achieve this, UNDP CFN focuses on transforming priority climate goals into investable projects for highly vulnerable regions like the Himalayas, scaling municipal green bonds to equip cities with the financial tools to fund local adaptation, and designing a $45 million guarantee facility to unlock finance for women-led, climate-smart agricultural organizations.
Learn more: CFN in India
Indonesia
In Indonesia, CFN works closely with the Ministry of Finance to strengthen climate-responsive planning and budgeting at the subnational level. A major focus of the work is ensuring that public climate finance is both transparent and deeply gender-responsive, equipping local governments and parliamentarians with the tools to track climate spending effectively.
Learn more: CFN in Indonesia
Lao PDR
Lao PDR faces an estimated 7 billion USD climate finance gap to meet its national goals by 2030. To bridge this, UNDP CFN focuses on integrating sustainable investments into national platforms, designing blended finance mechanisms to mobilize private capital, and expanding local banking portfolios to support green, climate-smart enterprises.
Learn more: CFN in Lao PDR
Malaysia
Malaysia is pioneering innovative approaches to embed climate into both public and private finance. To achieve this, UNDP CFN focuses on implementing disaster and climate budgeting tagging systems to track public expenditures at the sub-national level, supporting the issuance of thematic green bonds alongside the MyClimate FinHub platform, and accelerating growth-stage climate enterprises through the Climate Finance Innovation Lab (CFIL) and the Climate Venture Scaler program.
Learn more: CFN in Malaysia
Maldives
As a nation on the frontlines of the climate crisis, the Maldives is focused on building the institutional readiness required to access and manage climate finance. To achieve this, UNDP CFN focuses on designing the Maldives Sustainable Finance Hub to prepare bankable project pipelines for international funds, partnering with the Auditor General's Office to establish robust environmental and climate-performance audits, and embedding climate risk into national economic planning by institutionalizing climate budget tagging.
Learn more: CFN in Maldives
Nepal
Nepal is transforming its climate finance landscape by transitioning from fragmented projects to a systemic approach that aligns public and private capital. To achieve this, UNDP CFN focuses on establishing a national blended finance framework to mobilize investment for local priorities, launching a secure digital platform for the National Carbon Registry to track global transactions transparently, and strengthening public accountability by introducing climate budget tagging and performance audit guidelines.
Learn more: CFN in Nepal
Pacific
Through the Gov4Res program, UNDP Pacific supports island nations in building sustainable climate resilience directly from within government systems. To achieve this, UNDP CFN focuses on embedding risk-informed planning frameworks into Ministries of Finance, operationalizing the regionally owned Pacific Resilience Facility to channel funds directly to frontline communities, and supporting over 200 tangible climate-resilient community water and transport projects across seven countries.
Learn more: CFN in the Pacific (Gov4Res)
The Philippines
The Philippines is working to create a transparent, accountable, and effective climate finance ecosystem to deliver measurable resilience for all Filipinos. To achieve this, UNDP CFN focuses on improving the visualization of the national climate change expenditure tagging (CCET) system, creating a results-based budgeting framework to link spending directly with resilience outcomes, and supporting the accreditation process for the Adaptation Fund to unlock up to $40 million in international climate funding.
Learn more: CFN in the Philippines
Sri Lanka
Sri Lanka is building a robust and transparent financial architecture to support its climate and nature-positive goals. To achieve this, UNDP CFN focuses on providing technical assistance to establish robust governance and project selection systems for CANOPI (Sri Lanka’s national blended finance fund), supporting the country's first climate public expenditure and institutional review (CPEIR) to enhance fiscal transparency, and launching the cabinet-endorsed National Climate Finance Strategy (2025–2030) to drive a net-zero transition.
Learn more: CFN in Sri Lanka
Thailand
Thailand is working to accelerate its climate finance agenda by supporting pioneering sovereign financial instruments and empowering local governments to build resilience from the ground up. To achieve this, UNDP CFN focuses on developing a financing roadmap for Bangkok's urban resilience priorities, preparing inclusive and gender-responsive sub-national budget submissions in Pattani province, and supporting the landmark launch of Asia's first Sovereign Sustainability-Linked Bond, which mobilized $900 million in performance-linked capital.
Learn more: CFN in Thailand
Vietnam
Viet Nam is creating a coherent financial system to drive the country’s transition to a green, resilient economy. To achieve this, UNDP CFN focuses on designing and implementing a comprehensive climate budget tagging framework with the Ministry of Finance, providing evidence-based recommendations for Viet Nam's third NDC update using a climate-economy modeling tool, and supporting the nation's official funding request to the international Loss and Damage Fund to access $10–20 million.
Learn more: CFN in Viet Nam
- The designations employed and the presentation of material on this map do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations or UNDP concerning the legal status of any country, territory, city or area or its authorities, or concerning the delimitation of its frontiers or boundaries.
- References to Kosovo shall be understood to be in the context of UN Security Council resolution 1244 (1999).
What we do
Our work is based on a comprehensive approach that blends knowledge management, capacity building, and technical support through collaborative partnerships. Our impact is channelled through six core workstreams.
Our workstreams:
Budgeting and planning
Streamlining budget and planning processes to reflect climate priorities.
Access to finance
Facilitating access to global and regional public and private finance.
Tax and innovative finance
Identifying financial mechanisms and tax strategies to boost climate funding.
Gender and social inclusion
Ensuring finance strategies are inclusive and empower all community members.
Transparency and accountabilty
Promoting open and responsible climate financial practices.
Modeling climate impacts
Analyzing and forecasting the economic effects of climate change for better financial planning.
Partnerships at the core
CFN works through a wide network of partners — core partners include Ministries of Finance and other national authorities; primary partners include parliaments, CSOs and think tanks; strategic partners include global, regional and national institutions (ADB, IMF, UNCDF, donors, philanthropic and private investors).
Latest initiatives
Initiative
Course
Climate finance explainers
Our blogs are designed to turn technical jargon into a shared language for action. Our goal is to make the complex systems behind sustainable development understandable and accessible for everyone.
Our impact on the ground
Discover how we are empowering local communities to lead their own climate resilience and adaptation strategies.
Our contribution to UNDP global mission
CFN operates within UNDP’s global agenda to align public and private finance with the SDGs. As part of that global ecosystem, CFN collaborates closely with UNDP’s Sustainable Finance Hub — which provides global tools, thematic expertise and a platform for scaling sustainable finance solutions.
Home | Sustainable finance hub
Other key partners include:
UNDP Climate Promise — CFN complements the Climate Promise by helping governments not only design ambitious NDCs and NAPs, but also secure the financing and fiscal reforms needed to implement them.
BIOFIN (Biodiversity Finance Initiative) — CFN and BIOFIN jointly support ministries of finance and environment to integrate biodiversity and climate considerations into national budgets, taxonomies, and financing strategies.
UNCDF Local Finance initiatives — By working with UNCDF, CFN connects national-level fiscal reforms with local-level financing solutions, ensuring resources reach communities on the frontlines of climate impacts.
Our donors which make our work possible are:
Publications
Get involved
- For further information, contact Asad Maken.
- Learn more about the climate finance system: take the "Scaling Climate Finance" e-course in partnership with UNITAR.
- Explore the UNDP SDG Finance Academy.