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.
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
