Catalytic Climate Finance Facility (CC Facility) is a partnership between Convergence and Climate Policy Initiative (CPI) focused on scaling sustainable climate finance by providing grant funding and dedicated acceleration services to early-stage and market-ready financial solutions in sectors that are severely under-financed in developing countries. The CC Facility aims to be an ecosystem builder, playing a key role in mainstreaming climate action, with emphasis on gender responsiveness, and increasing the available pipeline of bankable solutions. Convergence and CPI, as two of the leading organizations in blended finance and climate finance respectively, are combining their expertise to bring a holistic solution to accelerate the implementation of high-impact blended finance climate investment vehicles.
The CC Facility is designed to address these challenges through strategic and bundled deployment of start-up capital in the form of conditional grants and customized acceleration support. It aims to contribute to building a market that will unlock the most innovative structures that can be standardized, replicated, and scaled.
The CC Facility will be launched in 2023, in the meantime please reach out to the Design Funding team if you have any questions or are interested in becoming a funder at: [email protected].