British International Investment Launches $1.48 Billion Asia Climate Investment Push as Part of New Five-Year Strategy to Support Developing Economies

British International Investment (BII) has launched a £1.1 billion ($1.48 billion) climate finance initiative aimed at mobilizing private capital for clean energy projects across India and Southeast Asia, where coal remains dominant in power generation.

British Climate Partners Programme

The five-year programme, named British Climate Partners, will invest in developing Asian economies alongside private investors through equity platforms and mezzanine financing to scale renewable and low-carbon projects, according to BII.

Asia accounted for about three-quarters of global coal demand in 2024, underscoring the challenge of cutting emissions in fast-growing economies, BII said, citing industry data.

The initiative will focus on India and other countries including Indonesia, Vietnam, the Philippines, Thailand and Malaysia, where demand for power is rising and investment needs are large.

Srini Nagarajan, managing director and head of Asia at BII, stated that “Asia’s energy transition will depend on mobilising private capital at scale and British Climate Partners is designed to do exactly that.”

The initiative was launched on Thursday, April 23, 2026, as part of BII’s broader strategy to support climate action in emerging markets.