The International Finance Corporation (IFC)-Canada Climate Change Program promotes private sector financing for clean energy projects, through the use of concessional funds to catalyze investments in renewable, low-carbon technologies that would not otherwise happen. A portion of the program funds is also used to fund advisory services work to build local capacity, fill information gaps in the market, and enable countries to adopt regulatory and business environments that encourage the private sector to invest in renewable energy, energy efficiency, and cleaner technologies.
To be eligible for IFC funding, a project must meet a number of criteria.
The project must:
•Be located in a developing country that is a member of IFC;
•Be in the private sector;
•Be technically sound;
•Have good prospects of being profitable;
•Benefit the local economy; and
•Be environmentally and socially sound, satisfying our environmental and social standards as well as those of the host country.
IFC does not lend directly to micro, small, and medium enterprises or individual entrepreneurs, but many of our investment clients are financial intermediaries that on-lend to smaller businesses.
CAD 285,720,000 for concessional investments and CAD 5,830,000 to fund advisory services and technical assistance projects
On a rolling basis.