The Catalytic Climate Finance Facility (CC Facility) accelerates the implementation of high-impact, ready-to-scale financial structures, filling a market gap in mobilizing private capital for climate action in developing economies. The initiative is a partnership between Climate Policy Initiative (CPI) and Convergence, who are combining their expertise to turn innovative financial vehicles into scalable solutions, to increase the available investable pipeline and grow the climate finance market.
The CC Facility accelerates the implementation of climate finance solutions by offering grant funding of up to USD 500,000, customized acceleration support over 12-18 months, and knowledge-sharing resources through a learning hub. The initiative aims to be an ecosystem builder and address a market need in scaling blended finance structures and catalyzing capital for climate change.
Register for the webinar to:
- Learn about the CC Facility and its new call for applications
- Gain insights into how to apply for funding and acceleration support
- Understand the experiences of past CC Facility grantees
- Get your questions about the CC Facility answered
Applications will be accepted from March 20 until April 24, 2024. Visit the CC Facility page to learn more.
The CC Facility is funded by the Bill & Melinda Gates Foundation, Global Affairs Canada, Australia’s Department of Foreign Affairs and Trade, and the International Development Research Centre. The CC facility has raised USD 13 million to date and is fundraising for a second round of USD 10 million by the end of 2024. The goal of the initiative is to reach USD 100 million in size over the next few years.