The Global Green Bond Initiative will facilitate the flow of private capital from institutional investors into climate and environmental projects in EU partner countries, thereby increasing their access to capital. It will do so notably by providing technical assistance to green bond issuers in emerging markets and developing economies (EMDEs) and by crowding in private investors through a dedicated de-risked fund, which will act as an anchor investor in these economies’ green bonds. The fund’s anticipated impact could spur green investments totalling up to €15-20 billion.