Denmark, Finland, Sweden, Norway, Iceland, and the Nordic Development Fund are spearheading a unique global partnership and pioneering solutions platform on mobilising large-scale private climate financing at speed and scale for emerging markets and developing countries. IMCA seeks to raise concessional catalytic donor financing on the scale of millions of EUR and through this attract billions of EUR from institutional and other private investors towards investments in EMDEs. In alignment with the Developed Countries Climate Finance Delivery Plan to achieve the USD 100 billion plus annual climate investment target, IMCA’s work directly supports the outcomes of COP29, where developed countries committed to provide USD 300 billion in public finance annually to developing countries under the New Collective Quantified Goal. IMCA is positioned as a key mechanism to leverage blended finance and scale up private capital mobilisation.