In developing nations, the Catalytic Climate Finance Facility (CC Facility) expedites the introduction and expansion of mixed climate finance arrangements that have a significant impact and are ready for the market. Click here if you are interested in learning more about this opportunity.
About Catalytic Climate Finance Facility (CC Facility) Initiative 2024 (Up to $500,000)
Opportunity Details
The CC Facility seeks to be an ecosystem builder, address a market need for scaling blended finance structures for climate change, and increase the available pipeline of bankable blended climate finance transactions with a focus on gender responsiveness and local capacity through grant funding, acceleration support, and a market-building learning hub.
Convergence and Climate Policy have partnered to launch this effort, which aims to provide a comprehensive solution in a fragmented sector and stimulate private finance to close the climate financing gap.
Benefits of Catalytic Climate Finance Facility (CC Facility) Initiative 2024 (Up to $500,000)
- The CC Facility provides tailored acceleration support, knowledge-sharing via a learning hub, and grant money up to USD 500,000.
- For a maximum of eighteen months, grant financing and acceleration support will be provided to specific blended finance arrangements.
Catalytic Climate Finance Facility (CC Facility) Initiative 2024 (Up to $500,000) Requirements
Candidates are not eligible for consideration unless they fulfill the following requirements:
- End recipients and target activities must reside in poor countries; applicants are not required to do so. Local candidates that show a deep comprehension of regional settings and, when appropriate, interaction with regional stakeholders will be given preference.
- Market-ready structures advancing through the first phase of their development process that involves adoption
- This covers hybrid finance models that are prepared for a quick launch and expansion, such as completed proof of concept, pilot projects, or minimum viable products.
- Team and local capacity: a track record of success and expertise in the area and industry being targeted, the ability and desire to participate in the CC Facility program, and an actual presence on the ground. Furthermore, the ability of structures to demonstrate local capacity development in the target geography—such as knowledge, leadership, and technology transfer—will be evaluated.
- Groups or a coalition of organizations, such as private companies, money managers, advice services, foundations, and not-for-profits.
- It is not permitted for public organizations, including government agencies, multilateral development banks, UN agencies, and development financing institutions, to be the primary grantee or applicant.
Application Date and Process
In order to submit an idea for review during the second cycle of the CC Facility, you must first register for a Submittable account or sign in with an existing one.
Application Deadline
24 April, 2024
Scholarship Application Portal
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Catalytic Climate Finance Facility (CC Facility) Initiative 2024 (Up to $500,000)
Apply for Catalytic Climate Finance Facility (CC Facility) Initiative 2024 (Up to $500,000)
