Nov 1, 2025
Journey Fund Launched to Raise Billions for Just Transition from Fossil Fuels
Belém, Brazil – November 1, 2025, 9:13 PM or 10:47 PM Belém time— 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 and infrastructure 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 — so 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.
Additional quotes:
Dylan Malloy, Managing Director at Bridging Ventures, added: “The Journey Fund meets the moment. Across the world, people yearn for faster climate action—but even more urgently, they’re calling for reliable, affordable access to opportunity. The Journey Fund takes a holistic approach to investing in opportunity—not just in assets, but in the energy systems, infrastructure, and economic models needed to build a better world for the 22nd century and beyond. It looks ahead to what the world will be like a hundred years from now for those born today, while improving the lives of current generations. It’s clearer than ever that the old models no longer work and have fueled deep inequality. The Journey Fund is designed to help the world transition toward inclusive, future-ready economies that create diversified, generational wealth and well-being.”
Javier de Iruarrizaga is the Head of Strategy & Partnerships at Bridging Ventures, said: “Over the past year, we’ve worked to turn a bold concept into a working model — one that bridges political will and private capital to make the just transition investable. The Journey Fund shows that innovation in finance can send powerful signals: when vision, policy, and investment align, transformation follows. Through this process, we’ve developed an approach that streamlines access to bankable projects and scales impact — strengthening the transition on one side and offering impactful, de-risked investment opportunities on the other”
Andrés Patiño, Business Development Lead at co-investment partner FENOGE (Fondo de Energías No Convencionales y Gestión Eficiente de la Energía), said: “The Journey Fund exemplifies the collaboration Colombia has been championing — where public instruments and private finance accelerate a just and inclusive energy transition. For a country historically reliant on fossil fuels, this partnership shows that investing in renewable energy and efficiency drives economic diversification, social inclusion, and long-term resilience. Through FENOGE, we’re proud to mobilize capital and support innovative projects, demonstrating that an equitable energy future is achievable.”
Ana María González-Forero, Advisor the the General Director APC Colombia, said: “At APC-Colombia, we believe that international cooperation and innovative finance must go hand in hand to secure a just and sustainable transition. The Journey Fund embodies this approach — aligning Colombia’s policy leadership with global partners and new forms of capital to turn ambition into tangible progress. Catalytic and first-loss capital play a crucial role in signaling where markets need to move, unlocking larger flows of private investment toward projects that deliver both climate impact and shared prosperity. Through this collaboration, Colombia is showing that cooperation and financial innovation can accelerate the transition for the benefit of all.”
Andrés Ceballos, Former Advisor to the General Director of APC-Colombia, said: “As a former government employee and now as a political consultant, I have seen the great promise of The Journey Fund. It is more than a financial vehicle; the Fund also aspires to reimagine development by prioritizing communities and building capacity from the bottom up, all through patient and purposeful multistakeholder alliances. Without a doubt, the Journey Fund will set a new benchmark in how we finance development in the 21st century.”
Media contacts
Viviana Varin, Communications Campaign Manager for the Fossil Fuel Treaty
+33 6 63 48 52 67 (in Rio)
Belém, Brazil – November 1, 2025, 9:13 PM or 10:47 PM Belém time— 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 and infrastructure 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 — so 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.
Additional quotes:
Dylan Malloy, Managing Director at Bridging Ventures, added: “The Journey Fund meets the moment. Across the world, people yearn for faster climate action—but even more urgently, they’re calling for reliable, affordable access to opportunity. The Journey Fund takes a holistic approach to investing in opportunity—not just in assets, but in the energy systems, infrastructure, and economic models needed to build a better world for the 22nd century and beyond. It looks ahead to what the world will be like a hundred years from now for those born today, while improving the lives of current generations. It’s clearer than ever that the old models no longer work and have fueled deep inequality. The Journey Fund is designed to help the world transition toward inclusive, future-ready economies that create diversified, generational wealth and well-being.”
Javier de Iruarrizaga is the Head of Strategy & Partnerships at Bridging Ventures, said: “Over the past year, we’ve worked to turn a bold concept into a working model — one that bridges political will and private capital to make the just transition investable. The Journey Fund shows that innovation in finance can send powerful signals: when vision, policy, and investment align, transformation follows. Through this process, we’ve developed an approach that streamlines access to bankable projects and scales impact — strengthening the transition on one side and offering impactful, de-risked investment opportunities on the other”
Andrés Patiño, Business Development Lead at co-investment partner FENOGE (Fondo de Energías No Convencionales y Gestión Eficiente de la Energía), said: “The Journey Fund exemplifies the collaboration Colombia has been championing — where public instruments and private finance accelerate a just and inclusive energy transition. For a country historically reliant on fossil fuels, this partnership shows that investing in renewable energy and efficiency drives economic diversification, social inclusion, and long-term resilience. Through FENOGE, we’re proud to mobilize capital and support innovative projects, demonstrating that an equitable energy future is achievable.”
Ana María González-Forero, Advisor the the General Director APC Colombia, said: “At APC-Colombia, we believe that international cooperation and innovative finance must go hand in hand to secure a just and sustainable transition. The Journey Fund embodies this approach — aligning Colombia’s policy leadership with global partners and new forms of capital to turn ambition into tangible progress. Catalytic and first-loss capital play a crucial role in signaling where markets need to move, unlocking larger flows of private investment toward projects that deliver both climate impact and shared prosperity. Through this collaboration, Colombia is showing that cooperation and financial innovation can accelerate the transition for the benefit of all.”
Andrés Ceballos, Former Advisor to the General Director of APC-Colombia, said: “As a former government employee and now as a political consultant, I have seen the great promise of The Journey Fund. It is more than a financial vehicle; the Fund also aspires to reimagine development by prioritizing communities and building capacity from the bottom up, all through patient and purposeful multistakeholder alliances. Without a doubt, the Journey Fund will set a new benchmark in how we finance development in the 21st century.”
Media contacts
Viviana Varin, Communications Campaign Manager for the Fossil Fuel Treaty
+33 6 63 48 52 67 (in Rio)
Belém, Brazil – November 1, 2025, 9:13 PM or 10:47 PM Belém time— 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 and infrastructure 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 — so 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.
Additional quotes:
Dylan Malloy, Managing Director at Bridging Ventures, added: “The Journey Fund meets the moment. Across the world, people yearn for faster climate action—but even more urgently, they’re calling for reliable, affordable access to opportunity. The Journey Fund takes a holistic approach to investing in opportunity—not just in assets, but in the energy systems, infrastructure, and economic models needed to build a better world for the 22nd century and beyond. It looks ahead to what the world will be like a hundred years from now for those born today, while improving the lives of current generations. It’s clearer than ever that the old models no longer work and have fueled deep inequality. The Journey Fund is designed to help the world transition toward inclusive, future-ready economies that create diversified, generational wealth and well-being.”
Javier de Iruarrizaga is the Head of Strategy & Partnerships at Bridging Ventures, said: “Over the past year, we’ve worked to turn a bold concept into a working model — one that bridges political will and private capital to make the just transition investable. The Journey Fund shows that innovation in finance can send powerful signals: when vision, policy, and investment align, transformation follows. Through this process, we’ve developed an approach that streamlines access to bankable projects and scales impact — strengthening the transition on one side and offering impactful, de-risked investment opportunities on the other”
Andrés Patiño, Business Development Lead at co-investment partner FENOGE (Fondo de Energías No Convencionales y Gestión Eficiente de la Energía), said: “The Journey Fund exemplifies the collaboration Colombia has been championing — where public instruments and private finance accelerate a just and inclusive energy transition. For a country historically reliant on fossil fuels, this partnership shows that investing in renewable energy and efficiency drives economic diversification, social inclusion, and long-term resilience. Through FENOGE, we’re proud to mobilize capital and support innovative projects, demonstrating that an equitable energy future is achievable.”
Ana María González-Forero, Advisor the the General Director APC Colombia, said: “At APC-Colombia, we believe that international cooperation and innovative finance must go hand in hand to secure a just and sustainable transition. The Journey Fund embodies this approach — aligning Colombia’s policy leadership with global partners and new forms of capital to turn ambition into tangible progress. Catalytic and first-loss capital play a crucial role in signaling where markets need to move, unlocking larger flows of private investment toward projects that deliver both climate impact and shared prosperity. Through this collaboration, Colombia is showing that cooperation and financial innovation can accelerate the transition for the benefit of all.”
Andrés Ceballos, Former Advisor to the General Director of APC-Colombia, said: “As a former government employee and now as a political consultant, I have seen the great promise of The Journey Fund. It is more than a financial vehicle; the Fund also aspires to reimagine development by prioritizing communities and building capacity from the bottom up, all through patient and purposeful multistakeholder alliances. Without a doubt, the Journey Fund will set a new benchmark in how we finance development in the 21st century.”
Media contacts
Viviana Varin, Communications Campaign Manager for the Fossil Fuel Treaty
+33 6 63 48 52 67 (in Rio)