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.
Application submission will open for the next cycle on March 20, 2024. Learn more about the CC Facility, including the application process and eligibility and evaluation criteria, here.
A PARTNERSHIP BETWEEN:
About Climate Policy Initiative
CPI is an analysis and advisory organization with deep expertise in finance and policy. Our 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. On top of market acceleration through its Design Funding program, Convergence generates blended finance data, intelligence, and deal flow to increase private sector investment in developing countries. Convergence’s global membership includes over 160 public, private, and philanthropic investors as well as sponsors of transactions and funds.
Convergence’s Design Funding Program operates as a market acceleration tool providing early-stage capital to support blended finance solutions in frontier markets and nascent sectors to accelerate the number of investible transactions in market targeting SDGs.