San Francisco, June 3, 2025 – The Catalytic Climate Finance Facility (CC Facility), which provides working capital and technical support to accelerate high-potential climate finance vehicles, has awarded USD 1.1 million to its third cohort of blended finance solutions, including the Emata Special Purpose Vehicle, the Good Fashion Fund 2.0, and the Nordic Impact Funds.
The CC Facility is designed to accelerate the implementation of financial structures that mobilize private capital for climate action in emerging economies by offering grant funding of up to USD 500,000.
The Facility and its team of experts also provide up to 18 months of tailored technical assistance to address barriers and maximize opportunities to increase the investment pipeline.
“We are delighted to collaborate with three new cutting-edge concepts in climate finance. These mechanisms stand out from a competitive field of applicants as instruments with near-term potential to address severely under-financed sectors in countries struggling to meet their 2030 Agenda objectives,” said Barbara Buchner, CPI’s Global Managing Director.
“Climate finance matters because it enables countries, especially in emerging markets, to reduce emissions and build resilience while also creating new economic opportunities,” Buchner added.
The CC Facility is a partnership between Climate Policy Initiative (CPI) and Convergence.
It targets one of the main obstacles in expanding blended climate finance by streamlining the acceleration stage, when projects face a critical phase as they try to appeal to different markets.
The Facility has three anchor donors: the Bill & Melinda Gates Foundation, Global Affairs Canada, and Australia's Department of Foreign Affairs and Trade.
A snapshot of the pilot projects:
- The Emata Special Purpose Vehicle is a Ugandan digital financing provider specializing in climate-smart agriculture solutions for smallholder farmers. These groups often struggle to access finance to adopt the latest technologies and practices. This lack of capital leaves them increasingly exposed to the effects of climate change, such as erratic weather, that undermine their productivity and income.
- The Good Fashion Fund 2.0 sets out to create systemic change in the textile and apparel industry by financing the implementation of high-impact production technologies in Asia. The Fund targets long-term USD debt investments in manufacturing in India, Bangladesh, and Vietnam.
- The Nordic Impact Funds invests in financially viable businesses led by social entrepreneurs dedicated to achieving sustainable development across East Africa. Its mission is to support small and medium-sized enterprises (SMEs) that contribute to improved livelihoods, climate adaptation, and better access to essential services for marginalized groups.
About the Catalytic Climate Finance Facility The Catalytic Climate Finance Facility (CC Facility) is a solution to scale climate finance by filling a market gap in mobilizing private capital. The CC Facility provides a range of services to market-ready blended finance vehicles in developing economies to help them expand their reach. Through grant funding, technical support, and a learning hub, the CC Facility accelerates the implementation of high-impact financial structures while providing resources to the broader ecosystem on how to best catalyze climate finance. The initiative is a partnership between Climate Policy Initiative (CPI) and Convergence.
Media Contacts
Sijia Yi
Head of Communications
Convergence Blended Finance
[email protected]
Júlio Lubianco
Communications Manager
Climate Policy Initiative
[email protected]
Sarah Barden
Senior Communications Associate
Climate Policy Initiative
[email protected]
