FJGET | Finance for Just and Green Energy Transition

FJGET operates as a living environment for technical-framework development and institutional articulation, structuring financial operations for projects that balance decarbonisation routes with strong local socio-economic effects. Its core value is to design de-risking solutions — subordinated co-investment, first-loss capital, partial credit guarantees, insurance, FX hedging, rate equalisation — that adjust the risk of the technological frontier and of emerging markets. Unlike an analytical forum, it is results-oriented: each instrument hypothesis is tested with capital providers and project developers, refined in committees and anchored in real cases.

The inaugural case is regional, with an in-depth pilot in Brazil's Northeast — a territory combining abundant renewables, an industrial-decarbonisation agenda and demand for green jobs. After an extensive 2025 diagnosis, two core structures were prioritised: the Multilateral Catalytic Fund (CMF), a concessional vehicle taking first-loss positions; and the Multi-layer Guarantee Mechanism (MGM), a credit-enhancement facility that transfers tail risk to capital markets. In 2026 the case advances with two pilot operations — a biofuels plant and a port asset critical to green export chains (hydrogen, green ammonia, biofuels).

Executive coordination sits with the Blend Institute, responsible for the technical design of the structures and the lab's executive secretariat. UNCDF is the strategic partner, bringing multilateral legitimacy, technical expertise and institutional channels for internationalisation. Nationally, MDIC connects the initiative to the federal neo-industrialisation and decarbonisation agenda, and OFG adds structuring and financial-articulation capacity. The ecosystem also includes leading multilateral financial institutions — IFC, IDB Invest, CAF and MIGA — national development banks, private banks and subnational governments.

FJGET's institutional architecture reflects one essential principle: a just transition cannot be delivered by any single actor alone. It depends on orchestrating concessional and private capital, global scale and local grounding, technical framework and political decision. The lab is the space where those dimensions become concrete financial operations.