Call for Proposals now open for the Catatylic Climate Finance Facility (grant funding of up to USD 500,000)
Closing Date: 24 April 2025
Call for Proposals now open for the Catatylic Climate Finance Facility (grant funding of up to USD 500,000)
About
The Catatylic Climate Finance Facility (CC Facility) Program accelerates the implementation of climate finance structures by offering grant funding of up to USD 500,000
How it works
Funding to accelerate the launch and scale-up of blended finance structures for climate action
Through bundled grant funding and customized acceleration support, the CC Facility program enables climate finance structures to overcome barriers to private capital mobilization, as well as provides implementation monitoring and valuable networks to grantees throughout the grant period. Funding is performance-driven and based on achieving predetermined milestones and deliverables, with repayment for recoverable grants only triggered upon meeting the pre-agreed conditions.
Acceleration Support
Customized technical assistance for 12-18 months to build capabilities to accelerate the market roll-out of blended climate finance structures
A comprehensive offering of services focused on strategy, fundraising, and operations to advance implementation of climate finance structures. Support will proactively address key barriers to attracting private capital.
Learning Hub
Knowledge-sharing resources to help build the field and consolidate the market, creating synergies and increasing efficiencies in the ecosystem
Drawing on CPI and Convergence’s extensive data collection and research efforts, the Learning Hub will accelerate the implementation of blended finance structures, mobilize private capital, and achieve socioeconomic and environmental impact.
The proposed solution must be a blended finance structure that addresses climate-relevant sectors in developing countries and does not require legislative or regulatory change to be implemented. Applicants should be able to demonstrate the proposal meets the CC Facility’s key evaluation criteria: catalytic potential, additionality, mobilization, financial sustainability, and gender equality.
Eligibility
The CC Facility program supports blended finance structures targeting climate action in developing economies. Applications will be assessed based on a set of qualifying characteristics and key evaluation criteria.
Applicants must meet the following criteria to be eligible for consideration:
Investment theme: Structures addressing climate adaptation and/or mitigation
Sectors: The round of applications will focus on sustainable agriculture solutions in Sub-Saharan Africa and/or South Asia, as well as other climate adaptation and mitigation solutions targeting Asia-Pacific.
Geography: Developing countries.
Applicants do not need to be domiciled in a developing country but end beneficiaries and target activities must. Preference will be given to local applicants who demonstrate a nuanced understanding of local contexts and engagement with local stakeholders where relevant.
Stage: Market-ready structures moving through an initial adoption stage in their development process
This includes blended finance structures that have already been tested for feasibility, completed proof of concept, pilot(s), or a minimum viable product, and are ready to soon launch and scale.
Team & local capacity: Proven track record and experience in targeted sector and geography, capacity and willingness to engage with the CC Facility program, and on-the-ground presence. Additionally, structures will be assessed on their ability to demonstrate local capacity development (e.g., knowledge, leadership, and technology transfer) in the target geography.
Entity type: Organizations or a consortium of organizations, including advisory firms, foundations, not-for-profits, fund managers, and private enterprises.
Public institutions such as development finance institutions, multilateral development banks, UN and government agencies can not be the lead applicant or grant recipient. The lead organization must be able to provide proof of incorporation and financial statements for the previous fiscal year.
Evaluation criteria
Additionality:
- How does this structure compare to others in the market and why are the alternatives inadequate to address the development challenge at hand?
- Does this structure address climate finance barriers or a market failure in a new or more efficient way?
Catalytic potential:
- Does the structure contribute to climate mitigation and/or adaptation in developing economies?
- Is this structure replicable and/or scalable?
Financial sustainability:
- Are the right stakeholders involved? Do they show a sufficient level of commitment?
- Is the structure financially sustainable? How much runway does the vehicle have?
- What conditions must be met for concessional financing to be phased out?
Gender equality:
- Is there a strong understanding of gender-related risks and opportunities in the context of the vehicle?
- Is there evidence of (or an intention to improve upon) integration of gender considerations across different aspects of the vehicle?
Mobilization:
- Does the structure have the potential to mobilize private capital at scale and/or to attract participation from new segments of investors?
- Is there any interest (e.g., soft commitment) from potential investors and funders in the solution? How bankable/investable is the structure?
Click Here To Apply
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