Green Accelerator Launches to Support Sustainable Projects in Developing Countries

HONG KONG, Sept. 7, 2026 /CourierPR/ -- The Green Accelerator (GA) has officially launched at the 2026 Hong Kong Green Finance Association Annual Forum, aiming to address the "bankability gap" that hinders the realization of sustainable projects in developing countries. This new non-profit platform, purpose-built to support green technologies and philanthropic funding, is expected to significantly boost investment in emerging markets.

The GA will utilize philanthropic capital to support project design and preparation, offering technical assistance and capacity building. This approach aims to transform proven green technologies into scalable, bankable projects that meet the stringent investment criteria of multilateral development banks, sovereign wealth funds, and international commercial banks. By doing so, the GA hopes to bridge a critical bottleneck in climate finance, where only a small fraction of green projects in emerging markets (EMDEs) successfully secure investment.

The GA's founding members, a distinguished coalition of institutions, include the Asian Infrastructure Investment Bank (AIIB), the Cambridge Institute of Sustainability Leadership (CISL), the Environmental Protection Department (EPD) of the Government of the HKSAR, GenZero (a decarbonization investment platform of Temasek), the Institute of Finance and Sustainability (IFS), the Silk Road Fund (SRF), and The Hongkong and Shanghai Banking Corporation Limited (HSBC). The Hong Kong SAR Government has backed the Green Accelerator's establishment in its 2026-27 Budget, emphasizing the platform's potential to contribute to the global green transition.

Paul Chan, Financial Secretary of the HKSAR Government, expressed, "The Green Accelerator represents another pioneering contribution of Hong Kong to the global green transition. With support from multilateral development banks, think tanks, international financial institutions, and innovation flagships, it will bring together projects with the capital and technology to scale them, channelling private capital toward climate solutions in developing countries, while creating new opportunities for Hong Kong's financial and professional services sector and elevating our position as a global hub for green technology and sustainable finance."

Dr. Ma Jun, Chairman of the Preparatory Committee of the Green Accelerator and President of the IFS, stated, "The Green Accelerator will provide incubation, acceleration, and empowerment services to green technology projects across developing economies, enhancing their bankability. It aims to systematically create new, investable green markets in selected Global South countries by integrating affordable green technologies, developing use cases, and building the right ecosystem for green industries."

Hosted in Hong Kong, the GA is a philanthropy-funded, non-profit platform dedicated to preparing scalable, bankable green projects in developing countries. By deploying cost-effective green technologies and experienced operational teams, the GA aims to unlock global capital for sustainable development in the Global South. A Steering Committee comprising representatives from all founding members will set strategic direction for the initiative, ensuring that the platform operates efficiently and effectively in achieving its goals.