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 Convergence and Climate Policy Initiative.
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.
The CC Facility is currently accepting concept notes from prospective applicants until June 9, 2023, learn more about the CC Facility, including the application process and eligibility and evaluation criteria, here.