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The Climate Finance Accelerator supports low-carbon entrepreneurs to get their businesses and projects ready for investment. It then connects them with the investors who can help them grow.
Funded by the UK Government, the programme provides hands-on technical support and creates structured opportunities for entrepreneurs, developers, financiers, and public partners to work together to unlock climate finance where it is most needed.
Colombia adopted its Nationally Determined Contribution (NDC) in 2020, committing to reduce greenhouse gas emissions by 51% by 2030 and to achieve carbon neutrality by 2050. These targets call for strong action at the territorial level, aligned with the National Biodiversity Plan and a transition toward a resilient, low-carbon economic model. In 2025, Colombia updated its NDC, with the Ministry of Environment and Sustainable Development inviting territories to actively participate in shaping coordinated and implementable commitments. Strengthening implementation and investment readiness is critical to translating these ambitions into tangible climate outcomes.
The Climate Finance Accelerator works with businesses and projects that are actively seeking finance and can meet the following criteria:
- Measurable climate impact: Designed to achieve measurable climate outcomes in terms of direct or facilitated greenhouse gas emission reductions.
- Minimum ticket size: Projects should have a total financing requirement of at least USD 1 million. This includes:
- Aggregated projects that collectively deliver significant impact.
- Smaller-scale initiatives that demonstrate strong sustainability, innovation, and clear potential for scalability.
- Stage of development: Project finance deals must have completed a full feasibility study (a technical and financial assessment confirming engineering design, costs, risks, and viability).
- Commercial model: Have a business model capable of generating attractive, risk-adjusted returns over time, although some element of blended or concessional capital may be required in early stages.
- Sectoral focus: Projects must provide solutions within the priority sectors identified by the program:
- Energy – Renewable energy (solar, wind), energy efficiency, storage, and grid flexibility.
- Transport and Mobility – Electric vehicles, charging infrastructure, and low-emission logistics.
- AFOLU – Agriculture, forestry, and other land use, including climate-smart agriculture and nature-based solutions.
- Industry and Construction – Green building materials and energy-efficient design.
- Waste Management – Waste valorisation, recycling, composting, methane capture, and circular economy initiatives.
- Responsible business conduct: Not engage in activities included in the Climate Finance Accelerator exclusion list (available as PDF by clicking ‘Apply to Join CFA’)
- Positive environmental and social outcomes: Propositions should either demonstrate positive environmental and social impacts or show a genuine commitment to meaningfully integrating gender equality, disability, and broader social inclusion, recognising that some applicants may still be developing these elements.