Belém, Brazil – November 1, 2025, Belém — On the main stage of the Global Citizen Festival: Amazonia, in Belém, just one week before COP30, a coalition of financial and independent partners announced a bold commitment to build a global just transition investment platform: The Journey Fund. It will be an innovative fund pairing government fossil fuel phase-out commitments with private investment commitments to realize a just energy transition that builds regenerative, post-fossil economies while delivering social, environmental, and economic benefits across stakeholders. 

Incubated by Bridging Ventures and structurally supported by EBG Investment Solutions Ltd, among other financial institutions, the Journey Fund will blend catalytic and commercial capital to turn high-impact opportunities in communities working toward a just transition into scalable, investable assets. The fund model helps political commitments become real investments in countries and sub-national jurisdictions participating in the Fossil Fuel Treaty Initiative by financing projects that replace fossil fuel dependence with sustainable and accessible alternatives. 

By aligning finance with political leadership, the fund demonstrates how cooperation can power communities, foster shared prosperity, and build regenerative, post-fossil economies that deliver both resilience and growth.

Duarte da Silva, Managing Partner at EBG Investment Solutions, stated: “The Journey Fund represents a clear investment opportunity in the emerging markets driving the energy transition. By aligning with countries that are taking concrete steps to phase out fossil fuels, the fund offers access to transition-aligned markets with high growth potential. It provides a structured, de-risked entry point for investors seeking measurable impact alongside stable, long-term returns — demonstrating that climate-aligned investment can be both responsible and financially sound.”

Tzeporah Berman, Chair of the Fossil Fuel Treaty Initiative: “The Fossil Fuel Treaty was born to fill a gap in international law — to complement the Paris Agreement by addressing what it left out: the need to stop expanding fossil fuels. Our partnership with the Journey Fund is to now fill the next gap: help our participating nations to turn their bold phase out political commitments into delivery. Together, they form two halves of the same solution: governments showing the courage to act, and investors backing that courage with capital. This is how we move from promises to progress — building regenerative, post-fossil economies that make hope real.”

Prof. Rajiv Joshi, Author of the Initial whitepaper on the Fund, and Founder & CEO of Bridging Ventures incubating the initiative, said: “The Journey Fund helps countries stop investing in the old world and start investing in the new — phasing in regenerative solutions across energy, food,infrastructure and nature, while phasing out fossil dependence. The International Environment Agency signals a turning point: investment in clean alternatives is beginning to outpace fossil fuels, proving that when policy meets finance, transition happens. With the Fossil Fuel Treaty and diligent global partners, we are showing how public-private-people collaboration turns courage into delivery — real projects, reliable power, resilient food systems and decent jobs creating bioeconomies — where no one is left behind.”

The Journey Fund operates as a global fund-of-funds platform, collaborating with select regional investment managers focused on high-quality private market impact investing under unified standards for governance, impact measurement, and reporting. The coalition behind the Fund — including EBG Investment Solutions Ltd., Bridging Ventures, BONUS Investment Bank Colombia, and Fundación Avina — brings decades of impact and sustainability expertise to deliver attractive returns alongside strong social, environmental, and economic outcomes. Working with local partners such as FDN, FENOGE, and CAF, the Fund secures de-risked, policy-backed pipelines, sovereign co-investment, and community credibility — ensuring successful implementation, long-term impact, and catalytic capital that multiplies public and private investment.

Enrique Cadena, Managing Director of Structured Finance at National Development Finance (FDN Colombia), said: “At FDN, our mission is to mobilize capital toward projects that drive sustainable growth and national development. The Journey Fund represents a new generation of blended-finance partnerships — one that aligns international investors with Colombia’s public policy priorities for a just and orderly energy transition. By contributing our structuring expertise and risk mitigation tools, we help translate ambition into bankable projects that can attract large-scale investment, strengthen local economies, and demonstrate how financial innovation can accelerate the path toward a resilient, low-carbon future.”

Camilo Baptiste Muñoz, Partner at BONUS Investment Bank Colombia, said: “At BONUS, we’ve worked hand in hand with the Colombian government for nearly three decades to finance the country’s infrastructure and development. Today, we’re seeing international partners stepping in with innovative financial mechanisms that channel funds into projects that are both impactful and profitable — from the Amazon to our urban centers. The Journey Fund embodies this new era of collaboration, where global capital and local expertise come together to accelerate Colombia’s just and sustainable transition.”

Pablo Vagliente, Director at Ikatu (Avina’s Foundation Business Unit), said: “As Impact Partners of The Journey Fund in Latin America, our mission is to ensure that the transition delivers real benefits for people and communities. Latin America holds both immense needs and vast potential for sustainable and accessible energy, same with its regenerative potential in the region. The Journey Fund offers a powerful model to turn that potential into action — translating political will into concrete projects that expand clean power, improve soil health, create local jobs, and strengthen community resilience.

The Fund targets emerging and frontier markets — initially Latin America and the Caribbean, Middle East and Africa, and Small Island Developing States (SIDS). The global platform and its regional sub-funds provide diversified exposure across geographies, currencies, and asset classes. A global portfolio manager works closely with regional managers on capital allocation and investments across energy and infrastructure assets, early stage and growth companies, and mature, buyout, and pre-IPO companies — all aligned with the fund's purpose of advancing a just transition and long-term equitable wealth generation.

The Fund’s first pilot in Latin America will launch with an initial $10 million capital envelope and a $200 million fundraising campaign to support Colombian projects such as decentralized solar in Amazonian communities. BONUS Investment Bank Colombia, a regional fund manager engaged for Colombia, has already led project structuring for the fund’s first investable projects in Colombia that will bring solar power to 50,000 people in the Amazonian regions of Mitú and Puerto Leguízamo, cutting 38,000 tonnes of CO2 per year currently emitted from imported fossil fuels — the first step in a model that could scale to reach 650,000 people and strengthen local economies thanks to reliable access to clean energy.

Juan Camilo Cruz Rodriguez, Coordinator, Colombia 2050 Vision, National Planning Department at the Ministry of Mines and Energy in Colombia, said: “As a country historically dependent on fossil fuels, Colombia is demonstrating that the transition to a clean economy is both possible and necessary. Through the Journey Fund, we are proving that phasing out fossil fuels can go hand in hand with economic stability and opportunity. By pairing bold public policies with strategic private investment, we are turning our commitment to the Fossil Fuel Treaty into concrete action — channeling capital where it can build new industries, create decent jobs, and deliver sustainable growth. This partnership marks a decisive step toward transforming our fossil legacy into a foundation for a regenerative and prosperous future.”

As world leaders gather at COP30, the Journey Fund stands as a concrete example of how climate ambition can be turned into action by bridging policy and finance to power a just fossil-free future.