Funding Opportunity: Catalytic Climate Finance Facility (CC Facility) for Climate Action in Developing Economies

The Catalytic Climate Finance Facility (CC Facility) is committed to supporting innovative blended finance structures aimed at enhancing climate action in developing economies. By addressing critical barriers to climate finance, this initiative mobilizes private capital and fosters sustainable development. Interested applicants are invited to participate in a structured application process, which includes submitting a Concept Note and potentially advancing to a full proposal.

How It Works

The application process consists of three key stages:

1. Screening:
   • Submit a Concept Note form and optional supplemental materials by the deadline.
   • Selected applicants will be invited to submit a full application for funding and acceleration support.
2. Evaluation:
   • Shortlisted candidates will participate in a closed-door virtual pitch day.
   • Finalists will undergo comprehensive due diligence, including stakeholder interviews and funding assessments.
3. Recommendation:
   • Finalists will be recommended to the Investment Committee for approval, requiring final management and board sign-off.

Funding Provided

The CC Facility offers grant funding and acceleration support designed to accelerate the launch and scaling of blended finance structures targeting climate action:

• Grant Funding: Performance-driven funding is contingent upon achieving specific milestones and deliverables aimed at overcoming barriers to private capital mobilization. This initiative is offering up to $500,000 in grant funding, customized technical assistance, and access to the Learning Hub for knowledge-sharing.
• Acceleration Support: Customized technical assistance for 12-18 months focuses on strategy, fundraising, and operational support, ensuring structures are well-equipped for market implementation.

Details

• Selected blended finance structures will receive support for up to 18 months. The pace of support will vary depending on individual grantee needs and their intended launch timelines.
• The deadline for submitting the Concept Note is October 24. Ensure all materials are submitted on time to be considered for this opportunity.

Eligibility

To be eligible for consideration, applicants must meet the following criteria:

• Investment Theme: Structures must focus on climate adaptation and/or mitigation.
• Geography: Activities must be in developing countries, with preference given to local applicants who demonstrate a nuanced understanding of local contexts.
• Stage: Applicants should have market-ready structures that have been tested for feasibility and are prepared for launch and scaling.
• Entity Type: Eligible organizations include advisory firms, foundations, not-for-profits, fund managers, and private enterprises. Public institutions such as development finance institutions and UN agencies cannot be the lead applicant or grant recipient.

Selection Process

Applications will be assessed based on the following key criteria:

1. Additionality:
   • Comparison of the proposed structure to existing market alternatives.
   • Assessment of how the structure addresses climate finance barriers or market failures.
2. Catalytic Potential:
   • Contribution to climate mitigation/adaptation in developing economies.
   • Replicability and scalability of the structure.
3. Financial Sustainability:
   • Involvement and commitment of the right stakeholders.
   • Assessment of the structure’s financial sustainability and conditions for phasing out concessional financing.
4. Gender Equality:
   • Understanding of gender-related risks and integration of gender considerations.
5. Mobilization:
   • Potential to mobilize private capital and attract new investors.

For any questions regarding eligibility or the application process, please refer to the Frequently Asked Questions section on the CC Facility’s website.

By participating in this initiative, applicants can significantly contribute to advancing climate finance solutions that impact developing economies. Don’t miss the chance to drive meaningful climate action.

Apply now!