USD $100 million (target)
The Catalytic Climate Finance Facility (CC Facility) is focused on scaling sustainable climate finance by providing market acceleration services to early-stage and market-ready blended financial vehicles in under-financed sectors in developing countries. It is a partnership between Climate Policy Initiative and Convergence.
The CC Facility aims to be a climate finance field builder, playing a key role in mainstreaming investment in climate action, with an emphasis on gender responsiveness and local capacity, by increasing the available pipeline of bankable climate blended finance solutions. It addresses a market need and gap in the development process of financial vehicles occurring in the acceleration stages by providing a full suite of tools to scale solutions faster.
Climate solutions will be supported through a strategic and bundled package of grant funding and customized technical assistance to address key barriers preventing the development and mobilization of private capital.
Canada, Australia, Bill & Melinda Gates Foundation
The CC Facility is a partnership between the Climate Policy Initiative and Convergence.
Climate Policy Initiative (CPI) is an analysis and advisory organization with deep expertise in finance and policy. Their mission is to help governments, businesses, and financial institutions drive economic growth while addressing climate change. CPI has six offices around the world in Brazil, India, Indonesia, the United Kingdom, and the United States. CPI serves as the Secretariat for the Global Innovation Lab for Climate Finance (the Lab), an incubator program that develops innovative financial mechanisms to drive private investments into climate change mitigation and adaptation in developing economies.
Convergence is the global network for blended finance. Together with their membership of over 160 public, private, and philanthropic investors, as well as sponsors of transactions and funds, they increase private investment in emerging markets and developing economies to advance the UN Sustainable Development Goals (SDGs) and Paris Agreement.
Applicants must meet the following criteria to be eligible for consideration:
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 can not 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.
All developing countries