Catalytic Climate Finance Facility Initiative (Grant: up to USD 500,000)

Deadline: 24th April, 2024

Catalytic Climate Finance Facility (CC Facility) initiative accelerates the launch and scale-up of high-impact, market-ready blended climate finance structures in developing economies.

Through grant funding, acceleration support, and a market-building learning hub, the CC Facility aims to be an ecosystem builder, address a market need for scaling blended finance structures for climate change, and increase the available pipeline of bankable blended climate finance transactions with an emphasis on gender responsiveness and local capacity.

Prioritized sectors

• Eligible structures are blended finance vehicles that target climate change mitigation and/or adaptation in a wide range of sectors. The focus will be on sectors that are severely under-financed globally relative to the impact they can deliver. Examples include, but are not limited to, sustainable energy, encompassing just transition, universal access, and energy efficiency; sustainable cities and resilient infrastructure; sustainable agriculture and land use; and thematic areas such as nature-based solutions and gender equality.
• The program will have a global focus, but will also have a dedicated thematic stream focused on sustainable agriculture and climate adaptation in Sub-Saharan Africa and South Asia.

Benefits 

• Grant Funding  – The CC Facility offers grant funding of up to USD 500,000, customized acceleration support and knowledge-sharing through a learning hub.

• Acceleration Support – Customized technical assistance for 12-18 months to build capabilities to accelerate the market roll-out of blended climate finance structures
• Learning Hub – Knowledge-sharing resources to help build the field and consolidate the market, creating synergies and increasing efficiencies in the ecosystem

Eligibility Criteria

• Investment theme: Structures addressing climate adaptation and/or mitigation
• Sectors: No restriction
• Geography: Developing countries.
  • Applicants do not need to be domiciled in a developing country but end beneficiaries and target activities must. Preference will be given to local applicants who demonstrate a nuanced understanding of local contexts and engagement with local stakeholders where relevant.
• Stage: Market-ready structures moving through an initial adoption stage in their development process
  • This includes blended finance structures that have already been tested for feasibility, completed proof of concept, pilot(s), or a minimum viable product, and are ready to soon launch and scale.
• Team & local capacity: Proven track record and experience in targeted sector and geography, capacity and willingness to engage with the CC Facility program, and on-the-ground presence. Additionally, structures will be assessed on their ability to demonstrate local capacity development (e.g., knowledge, leadership, and technology transfer) in the target geography.
• Entity type: Organizations or a consortium of organizations, including advisory firms, foundations, not-for-profits, fund managers, and private enterprises.
• Public institutions such as development finance institutions, multilateral development banks, UN and government agencies cannot be the lead applicant or grant recipient.
• The lead organization must be able to provide proof of incorporation and financial statements for the previous fiscal year.

For more Information and application