Catalytic Climate Finance Facility
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 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 technical 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.
The facility has raised USD 13 million to date and is fundraising for a second round of USD 10 million. The goal of the initiative is to reach USD 100 million in size over the next few years..
Featured work
Press Release
Catalytic Climate Finance Facility awards USD 2 million to new cohort of blended finance vehicles
These vehicles support a range of climate initiatives, such as climate-resilient agriculture, marine conservation, biodiversity, climate adaptation, and renewable energy.
Blog
Breaking Down Silos: Integrating Gender and Climate Goals in Blended Finance Transactions
Growing evidence demonstrates that women play a critical role in achieving climate goals, both as leaders in advancing climate solutions and as beneficiaries. There is, therefore, an urgent need for more investments in transactions that incorporate both gender and climate considerations.
