Catalytic Climate Finance Facility
The CC Facility is currently accepting concept notes from prospective applicants until June 9, 2023. Join us for a virtual info session on Tuesday, May 30th, 2023, from 10:00 am-11:00am EST, for details on how to apply and to get your questions answered.
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 to bring a holistic solution in a fragmented market to accelerate the implementation of high-impact blended finance vehicles catalyzing private capital to close the climate financing gap.
The CC Facility aims to be a climate finance field builder, playing a key role in mainstreaming investment and climate action, with an emphasis on gender responsiveness and local capacity, by increasing the available pipeline of bankable climate blended finance transactions. It targets support to address key obstacles in the development process of such financial vehicles occurring in the acceleration stages, t. Together, Convergence and CPI will offer a full suite of tools to help new blended finance vehicles and scale these solutions faster, navigate potential pitfalls, and maximize their impact as a climate financier.