- Enabling environment/capacity building for project proponents
- Matchmaking with investors and funders
The Climate Finance Accelerator (CFA) is a £12.6 million technical assistance programme funded by International Climate Finance (ICF), through the UK government’s Department for Energy Security and Net Zero (DESNZ).
The CFA is part of the UK’s efforts to support climate action at scale by providing practical ways to help governments in emerging economies finance and deliver their climate commitments under the Paris Agreement, including their national climate plans and Nationally Determined Contributions (NDCs).
By bringing together project developers, finance providers (including experts from the City of London) and policymakers, the CFA seeks to enable a collaborative approach to unlocking a steady flow of funding for climate projects at scale and create a pipeline of ‘investment ready’ low carbon projects, thereby strengthening countries’ ambitions to limit global warming to 1.5°C. Co-benefits from the programme include improved gender equality and social inclusion and building resilience to climate impacts.
A call for proposals is run within each CFA participating country to identify low carbon projects for CFA support, which includes country-specific eligibility criteria.