Climate Vulnerable Forum

What Climate Vulnerable Forum does

Climate Vulnerable Forum (CVF), operating jointly with the Vulnerable Twenty Group of Finance Ministers (V20) as CVF-V20, is an intergovernmental coalition of climate-vulnerable countries founded in 2009 and expanded with the formation of the V20 finance-minister track in 2015. The forum has grown to 74 member countries collectively representing approximately 1.7 billion people, and is governed by a rotating Troika currently chaired by Barbados under Mia Mottley, with Ghana and Bangladesh as Troika members. Its functional mandate is to coordinate diplomatic advocacy and financial mobilization for countries on the front lines of climate change, with headquarters in Accra, Ghana, and a liaison office in Washington D.C.

CVF-V20's core "products" are policy frameworks and pooled financial instruments rather than commercial technology. The principal offerings are Climate Prosperity Plans (national resilience and decarbonization roadmaps for member states), the Global Shield against Climate Risks (a pre-arranged finance and insurance mechanism for rapid disaster response), the V2V Compact (a June 2026 programmatic framework binding members to climate-finance and loss-and-damage commitments), a Loss and Damage Funding Program, a Carbon Finance Program, and a Sustainable Insurance Facility. Underlying delivery relies on partnerships with the World Bank, African Development Bank, Asian Development Bank, OPEC Fund, and Green Climate Fund, which provide co-financing and execution infrastructure across member states.

The business model is non-commercial and grant-funded rather than revenue-generating. Operating costs are covered through a mix of member-country contributions, bilateral aid from development partners, and multilateral donor grants routed through the partner MDBs and dedicated climate funds. There is no per-product pricing, no fee-for-service component, and no equity or debt capital structure. The forum monetizes impact through policy influence and the channeling of concessional climate finance to vulnerable populations, not through commercial revenue capture.

Name

Climate Vulnerable Forum

Legal name

Climate Vulnerable Forum and the Vulnerable Twenty Group

Website

https://cvfv20.org

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

The Climate Vulnerable Forum is an intergovernmental coalition of 74 climate-vulnerable countries representing roughly 1.7 billion people, coordinating climate finance advocacy, loss-and-damage funding, and resilience programs including the Global Shield and the V2V Compact.

Ownership category

akta.pro rank

Product category

International Climate Finance and Policy Advocacy

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

International Affairs (9721), Finance Services (6199)

akta.pro primary industry

Climate Finance, Carbon Markets & MRV Systems (BPADALAB)

akta.pro secondary industries

Climate Finance Funds & Green Investment Facilities (BPADACAH), Climate Policy, Governance & NDC Support (BPADALAA), Carbon Markets & Climate Finance (Offsets, Allowances, Carbon Funds) (FSAAALAH), Environmental & Climate Grantmaking Foundations (BPAGAKAM)

Keywords

• Climate finance advocacy
• Intergovernmental coalition
• Sovereign debt relief
• Loss and damage funding
• Climate resilience programs

Headquarters

HQ city

Accra

HQ country

Ghana

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Multilateral contributions and bilateral aid: The CVF-V20 is funded through contributions from member countries, bilateral development assistance, and multilateral donor support. No commercial revenue model applies. The CVF-V20 Joint Multi-Donor Fund, the V20 Loss and Damage Funding Program, and the Global Shield against Climate Risks serve as financial mechanisms to channel concessional finance, grants, and results-based payments to member countries.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

The Climate Vulnerable Forum (CVF) and V20 Finance Ministers Group operate an intergovernmental coalition of 74 climate-vulnerable economies that delivers climate finance mechanisms, policy advocacy, and capacity-building programs. Core offerings include Climate Prosperity Plans (national resilience strategies), the V2V Compact (co-investment platform with 15+ development finance institutions for water, education, and health), the Global Shield against Climate Risks (pre-arranged financial protection), the V20 Loss and Damage Funding Program, Carbon Finance Program, Sustainable Insurance Facility, and the Task Force on Climate, Development, and the International Financial Architecture. Capacity-building is delivered through fellowship programs for finance ministry officials and youth.

Product overview

The Climate Vulnerable Forum (CVF) and V20 Finance Ministers Group operate as a coalition of 74 climate-vulnerable economies offering a portfolio of climate finance, risk management, and capacity-building programs. The core offerings include Climate Prosperity Plans (national development strategies), the Global Shield against Climate Risks (pre-arranged financial protection), the V2V Compact (affordable development financing), Loss and Damage Funding, Carbon Finance, and the Sustainable Insurance Facility. Capacity-building is delivered through fellowship programs for finance officials and youth. The organization also convenes Ministerial Dialogues and maintains a Global Parliamentary Group and Central Bank Governors Working Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Climate Prosperity Plans (CPPs) Ambitious national economic and financial resilience strategies designed to attract investment and resources that advance the SDGs, 30×30 Global Biodiversity, and keep global temperatures to the Paris Agreement's 1.5°C safety threshold. For use by CVF-V20 member country governments.
• Global Shield against Climate Risks Financial protection initiative designed to shift from delayed post-disaster response to pre-arranged, predictable, and country-led financial protection against climate risks for V20 member countries.
• Vulnerability to Viability (V2V) Compact Co-investment platform bringing together development finance institutions (World Bank, AfDB, ADB, CAF, IaDB, IFAD, GCF, Arab Coordination Group, OPEC Fund) to provide affordable, predictable development finance to climate-vulnerable economies through co-investment frameworks in water, education, and health sectors.
• V20 Loss and Damage Funding Program Funding program addressing climate-related loss and damage for V20 member countries, including an Adaptation Training Hub for the Caribbean that funds demonstration projects scaling climate change adaptation technologies and solutions for member country governments and MSMEs.
• CVF-V20 Joint Multi-Donor Fund Pooled funding mechanism supporting CVF-V20 member countries in their climate action initiatives, channeling concessional finance, grants, and results-based payments to member country governments.
• Carbon Finance Program Program supporting climate-vulnerable countries in accessing high-integrity carbon markets, developed in partnership with the Voluntary Carbon Markets Integrity Initiative (VCMI), including a workshop series showcasing country actions and addressing market bottlenecks such as Article 6 authorisations.
• Sustainable Insurance Facility (SIF) Initiative advancing climate-smart insurance solutions for micro, small, and medium-sized enterprises (MSMEs) in V20 markets, including Least Developed Countries and Small Island Developing States.
• Task Force on Climate, Development, and the International Financial Architecture Coalition workstream advancing reform of the international financial architecture, including advocacy for multilateral development bank lending capacity expansion and climate-informed debt sustainability analyses.
• V20 Climate Prosperity Fellowship Program Year-long fellowship program for finance ministry officials from CVF-V20 member countries providing peer-learning, technical skills development, and support for integrating climate change into economic policy work, delivered through weekly webinars, in-person residencies, and immersive exercises with Boston University Global Development Policy Center. Targets 16–20 member countries annually.
• V20 Ministerial Dialogues Biannual high-level sessions bringing together V20 finance ministers to advance the Debt-Growth Agenda, restore fiscal space for investment, and strengthen cooperation on climate finance with international financial institutions.
• CVF Global Parliamentary Group Platform for parliamentarians from CVF member countries to collaborate on climate legislation, policy oversight, and democratic accountability for climate action, delivered through parliamentary dialogues, working groups, and the CVF Global Parliamentary Group Charter.
• V20 Central Bank Governors Working Group Working group strengthening collective capacity of CVF-V20 member countries to understand and respond to macroeconomic, monetary, and financial stability implications of climate shocks, including balance-of-payments impacts.

Quantifiable outcome

• Climate change has cost V20 economies US$525 billion in aggregate losses and made them 20% poorer than without climate impacts
• +6 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• Government of BarbadoscoreStrategic or Co-development Partner · 23 June 2026The Government of Barbados, led by Prime Minister Mia Amor Mottley as Chair of the CVF-V20, co-convened the V2V Compact alongside the OPEC Fund. Barbados provides political leadership for the coalition, drives the Debt-Growth Agenda, and hosts the CVF-V20 Presidency. As part of the Troika alongside Ghana and Bangladesh, Barbados shapes the strategic direction of the coalition's advocacy and program delivery.
• Ember (global energy think tank)coreStrategic or Co-development Partner · 1 April 2026Ember, a global energy think tank, partnered with the CVF-V20 to produce a report finding that 46% of climate-vulnerable countries have surpassed the United States in solar power penetration relative to electricity demand. The CVF-V20 and Ember also co-produced 'The Electrotech Revolution in CVF-V20 Countries' briefing, charting a faster route to energy access and development through clean electrotech solutions.
• Insurance Development Forum (IDF)coreStrategic or Co-development Partner · 1 September 2025The IDF, together with UNDP and Germany's BMZ, is developing parametric urban flood risk insurance products for the Greater Accra Metropolitan Area through a Tripartite Initiative. Procurement began in September 2025 with planned market launch in 2026. The IDF also collaborates with the CVF-V20 on the V20 Sustainable Insurance Facility to advance climate-smart insurance solutions for MSMEs in V20 markets.
• United Nations Development Programme (UNDP)coreStrategic or Co-development Partner · 1 September 2025UNDP collaborates with IDF and Germany's BMZ on the Tripartite Initiative for parametric urban flood risk insurance in Ghana. UNDP also supports the Global Shield Partner Country Roundtable and broader financial protection initiatives in V20 countries.
• African Risk Capacity (ARC)coreStrategic or Co-development Partner · 1 July 2024ARC is a sovereign parametric drought insurance mechanism through which Ghana became the first country to purchase a sovereign parametric drought insurance policy in July 2024, with Germany's KfW financing the US$1 million premium. Ghana subsequently received ~US$2.89 million in payouts in February and April 2025 when drought triggers were met. ARC represents a key disaster risk financing tool for V20 member countries.
• Boston University Global Development Policy CentercoreStrategic or Co-development Partner · 1 January 2023Boston University's Global Development Policy Center co-designed and co-delivers the V20 Climate Prosperity Fellowship Program with the CVF-V20 Secretariat. The program, launched in 2023, provides peer-learning, technical skills, and immersive exercises for mid- to senior-career finance ministry officials from V20 member countries, contributing to capacity building for Climate Prosperity Plans and international financial architecture reform.
• Global Center on Adaptation (GCA)coreStrategic or Co-development Partner · 1 January 2022GCA served as the CVF-V20 Secretariat alongside its own secretariat function, providing institutional support and climate adaptation expertise. GCA was represented by CEO Patrick Verkooijen and former UN Secretary-General Ban Ki-moon (Chair of GCA's Board) at CVF events. GCA supports the Climate Prosperity Plan framework and broader adaptation advocacy.
• CARE Deutschland e.V.supportingStrategic or Co-development Partner · 1 January 2022CARE Deutschland co-launched the project 'V20 Pioneering Community Funding for Addressing Climate Change Loss & Damage' with the CVF-V20. The project offered training on climate-adaptive livelihood practices, low-cost disaster-resilient house construction, and water point maintenance, classified under the 'Livelihood' thematic area with output taxonomies 'Livelihood Assets' and 'Adaptation Component'.
• GLOBE InternationalsupportingStrategic or Co-development PartnerGLOBE International, a non-partisan network of parliamentarians dedicated to sustainable development governance, co-published the first Mapping Report on Climate Change Laws and Policies in 48 of the world's 55 most climate vulnerable nations with the CVF in June 2022. GLOBE supports the CVF Global Parliamentary Group and peer-to-peer learning on climate legislation.
• Caribbean Catastrophe Risk Insurance Facility Segurtated Portfolio Company (CCRIF SPC)supportingStrategic or Co-development PartnerCCRIF SPC provides parametric catastrophe risk insurance to Caribbean and other Caribbean countries. CEO Isaac Anthony cited parametric insurance as critical for addressing economic exposure during climate shocks, with instruments needing to deploy with speed, be scalable, and demonstrate equity. CCRIF is a key regional risk pooling mechanism for Caribbean V20 members.
• Caribbean Institute for Meteorology and HydrologysupportingStrategic or Co-development PartnerThe Caribbean Institute for Meteorology and Hydrology provides climate condition bulletins covering epidemiological insights for the Caribbean region, translating climate science into actionable health-related guidance for CVF-V20 Caribbean member countries.
• Voluntary Carbon Markets Integrity Initiative (VCMI)supportingStrategic or Co-development PartnerVCMI co-launched the CVF-V20 and VCMI Carbon Finance Workshop Series to support climate-vulnerable countries in accessing high-integrity carbon markets and sharing best practices. The third workshop (April 2026) showcased country actions, private-sector expectations, and technical solutions to market bottlenecks including Article 6 authorisations, while presenting a three-year strategy for carbon market access.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• International Solar Alliance (ISA): ISA is an intergovernmental coalition of 120+ solar-rich countries co-led by India and France. It is structurally analogous to CVF-V20 as a member-driven diplomatic alliance channeling finance and policy for climate-positive ends in developing economies.
• Alliance of Small Island States (AOSIS): AOSIS is a coalition of small island and low-lying coastal states that overlaps significantly with CVF-V20's SIDS membership and shares its focus on climate finance, loss and damage, and 1.5°C-aligned negotiating positions in UNFCCC forums.
• Least Developed Countries Group (LDC Group): The LDC Group coordinates the 46 least developed countries in UN climate negotiations. It shares a substantial portion of CVF-V20's LDC membership and pursues complementary climate finance and adaptation objectives in COPs.
• African Group of Negotiators (AGN): The AGN coordinates African Union member states in UNFCCC negotiations. Many AGN members overlap with CVF-V20's African bloc, and the two coalitions collaborate on shared loss-and-damage and climate finance positions.

Others

• Bridgetown Initiative: Launched by PM Mia Mottley of Barbados (CVF-V20 Chair), the Bridgetown Initiative is a closely aligned political effort to reform the global financial architecture for climate-vulnerable economies. It is thematically and politically entangled with CVF-V20 but operates as a separate advocacy vehicle.
• Under2 Coalition: The Under2 Coalition is a subnational government coalition of 270+ jurisdictions driving net-zero commitments. While not a sovereign-state coalition like CVF-V20, it shares the ambition of bottom-up climate governance and engages overlapping finance and policy networks.
• Climate Champions Team (UNFCCC High-Level Champions): The UNFCCC Climate Champions drive non-state actor engagement and Marrakech Partnership agenda. They operate adjacent to CVF-V20's advocacy mission, enabling similar coalitions of climate-vulnerable actors but with a focus on private-sector mobilization.

Broad incumbents

• Group of 77 (G-77): The G-77 is the largest intergovernmental organization of developing countries at the UN (134 members). It is a broader incumbent coalition with overlapping climate-finance advocacy, but lacks CVF-V20's narrow vulnerability focus and finance-minister track.
• NDC Partnership: The NDC Partnership is a global coalition of 200+ countries and institutions supporting implementation of Nationally Determined Contributions. It overlaps with CVF-V20's Climate Prosperity Plans but is broader in scope and not vulnerability-defined.

Regional players

• Independent Association of Latin America and the Caribbean (AILAC): AILAC is a bloc of 6 Latin American and Caribbean countries active in UNFCCC negotiations. Its Caribbean focus and ambition on climate finance reform overlap with CVF-V20's regional priorities, though it is geographically narrower.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TheCVF
• YouTubeyoutube.com/user/ClimateVForum
• Facebookfacebook.com/ClimateVulnerableForum
• LinkedInlinkedin.com/company/climatevulnerableforum&v20
• Instagraminstagram.com/thecvf

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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