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IFC-Canada Climate Change Program

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.

Support provider 
Canada
Purpose of support 
Project and program implementation
Steps to access  

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.

Climate objective 
Adaptation, Mitigation, Cross-cutting
Sectors and themes 
Energy efficiency, Renewable Energy, Waste management
Type of support provider 
Bilateral
Type of recipient 
Private sector
Fund size 

CAD 285,720,000 for concessional investments and CAD 5,830,000 to fund advisory services and technical assistance projects

Co-financing required 
No
Application timeframe 

On a rolling basis.

Trustee or administrator 
International Finance Corporation (IFC)
Contact information 
http://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/cb_home/mobilizing+climate+finance/blendedfinance_ifccanada