Future Fund

Established in 2017, the Future Fund is a unique Under2 Coalition project that was developed not only for its governments but also by its governments. 

Image of solar panels with sun setting behind. Text: Future Fund. Under2 Coalition logo in top left.
Rio agreement

About the Future Fund

The Future Fund is a powerful source of climate funding, supporting subnational governments on their journey to reach net zero emissions by 2050, at the latest. 

Each year, it relies on funding from contributing governments and corporate foundations to support climate action in developing and emerging economy regions. It does this through directly funded capacity-building projects, peer learning and secondments, and access to global climate events and forums in regional languages.

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Supporting 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 decarbonised world, but implementing mitigation measures can carry significant and much-needed health and socioeconomic benefits to local populations.

However, due to a lack of resources these regions have traditionally struggled to join international climate networks, participate in meetings, develop mitigation capacities or share lessons learned. The Future Fund is working to change that. 

Our achievements

17

Projects

Delivered projects covering everything from carbon management to renewable energy, plus much more.

25

Secondments

Facilitated secondments to transfer specialist knowledge and draw upon member expertise. 

57

Governments provided with travel support

Supported governments to participate in international negotiations.

Funding priorities

01.

Engaging in Under2 Coalition activities through capacity building

We aim to provide support on developing 2050 pathways, implementing innovative policy solutions and establishing robust inventories through direct funding to selected regions.

02.

Participating in international negotiations through active engagement and network expansion

We work on recruitment and active engagement with governments from developing and emerging economy regions to commit to the Under2 Coalition’s goals and participate in our programs and events. 

03.

Fostering knowledge exchange

We aim to encourage peer-to-peer learning through secondments between developing and developed regions on relevant climate policies and actions.

Partners

The Future Fund was launched at COP22 in Marrakech, with founding contributions from Under2 Coalition governments. 

Province of Alberta

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Government of Navarra

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Government of Ontario

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Government of Québec

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Scottish Government

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Government of South Australia

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Welsh Government

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Corporate foundations

Québec is proud to contribute concretely to the success of the Future Fund. This partnership demonstrates how collaboration within the Under2 Coalition may give rise to ambitious projects and valuable exchanges between its members. Together, we are shaping a greener and more sustainable future for our planet.

Benoit Charette, Minister of the Environment, the Fight Against Climate Change, Wildlife, and Parks of Québec

Our impact reports

2023

Through the support of the Future Fund, Gauteng explored the feasibility of a waste management facility and North Bank Region published its first climate mitigation and adaptation plan.

2022

We celebrated the fifth anniversary of the Future Fund in 2022. Read about what we did that year and across our whole lifespan.

2021

The Future Fund overcame the challenges of COVID-19 to help more governments build back greener. 

2020

After delays due to Covid-19, the Future Fund's projects re-started later in 2020. 

2019

20 governments had their voices heard at the Global Climate Action Summit and the Under2 Coalition General Assembly through Future Fund support in 2019.

2018

In 2018, the Future Fund provided valuable secondment opportunities for staff from emerging economy regions. 

2017

The Future Fund was launched at COP22 in November 2016. The 2017 Progress Report highlights its first round of impact.

For more information please contact

Sarah Van Loo, Project Manager, Climate Group