Canadian Climate Fund for the Americas (C2F)
C2F aims to catalyze private sector investment in climate change mitigation and adaptation in Latin America and the Caribbean. The fund co-finances the IDB Group’s private sector climate projects in Latin America and the Caribbean that need concessional financing to be viable.
C2F is part of IDB's NDC Invest Platform, a one-stop shop of the IDB Group to help countries access resources needed to translate national climate commitments into investment plans and bankable projects. NDC Invest is a platform that includes the entire universe of financial and non-financial instruments of the IDB Group, and it is comprised of four elements: NDC Programmer, NDC Pipeline Accelerator, NDC Market Booster and NDC Finance Mobilizer. Together, the components aim to enable progress toward both the NDC and IDB lending objectives, as well as toward achievement of the UN Sustainable Development Goals.
Projects need to demonstrate climate benefits and financial additionality:
a) Climate benefits: All projects must have climate change benefits; either mitigating climate change or reducing specifically identified climate vulnerabilities, including projected GHG emissions reductions. b) Financial additionality: co-finance loans on concessional terms from the Canadian Climate Fund will only be made available when necessary for a project to be viable.