The Catalytic Climate Finance Facility (CC Facility) accelerates the implementation of high-impact, ready-to-scale financial structures, filling a market gap in mobilizing private capital for climate action in developing economies. The initiative aims to be an ecosystem builder and address a market need in scaling blended finance structures and catalyzing capital for climate change. The CC Facility offers grant funding, acceleration support, and a Learning Hub.
Grant Funding
Through bundled grant funding and customized acceleration support, the CC Facility enables climate finance structures to overcome barriers to private capital mobilization, as well as provides implementation monitoring and valuable networks to grantees throughout the grant period. Grant funding is performance-driven and based on achieving predetermined milestones and deliverables, with repayment for recoverable grants only triggered upon meeting the pre-agreed conditions.
Acceleration Support
A comprehensive offering of services focused on strategy, fundraising, and operations to advance implementation of climate finance structures. Support will proactively address key barriers to attracting private capital.
Learning Hub
The Learning Hub accelerates the implementation of blended finance structures, mobilizes private capital, and achieves socioeconomic and environmental impact.
The CC Facility is a partnership between Climate Policy Initiative and Convergence.
The CC Facility supports blended finance structures targeting climate action in developing economies. Applications will be assessed based on a set of qualifying characteristics and key evaluation criteria.
Applicants must meet the following criteria to be eligible for consideration:
- Investment theme: Structures addressing climate adaptation and/or mitigation.
- Sectors: The next round of applications will focus on sustainable agriculture solutions in Sub-Saharan Africa and/or South Asia, as well as other climate adaptation and mitigation solutions targeting Asia-Pacific.
- 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 cannot 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.