San Francisco and Toronto, September 19, 2024—The Catalytic Climate Finance Facility (CC Facility) is announcing the opening of a new application round for high-impact, scalable blended financial structures in developing economies. These structures should have already demonstrated market traction and be poised for significant growth. Applications must be submitted through the CC Facility website from September 19 to October 24, 2024.
The CC Facility offers up to USD 500,000 in grant funding, tailored technical assistance, and access to knowledge-sharing resources through a Learning Hub to help promising blended finance structures scale their impact. It offers targeted support in strategy, fundraising, and operations, with a focus on overcoming market barriers to mobilize private capital for climate action.
In addition, the program helps refine approaches to gender mainstreaming, impact measurement and management, and local capacity development while building effective operational and governance systems. The ultimate goal is to empower blended finance structures to drive business success, attract funding through targeted outreach, and accelerate their scale-up.
A webinar outlining the program’s offerings is scheduled for October 9, 2024. Register here
“The CC Facility is committed to accelerating the flow of private capital into climate solutions,” said Joan Larrea, CEO of Convergence. “By providing targeted support and resources, we aim to empower innovative blended finance structures to overcome barriers and achieve significant scale.”
Dr. Barbara Buchner, Global Managing Director of Climate Policy Initiative (CPI), added, “We are seeking high-potential climate finance vehicles that have demonstrated market traction and are ready to expand their impact. Our program is designed to equip these solutions with the tools and expertise needed to attract investors and drive positive change.”
ABOUT THE CATALYTIC CLIMATE FINANCE FACILITY
The Catalytic Climate Finance Facility (CC Facility) is a solution to scale climate finance by filling a market gap in mobilizing private capital. The CC Facility provides a suite of acceleration services to market-ready blended finance vehicles in developing economies to help them reach scale. Through grant funding, technical support, and a learning hub, the CC Facility accelerates the implementation of high-impact financial structures, while providing resources to the broader ecosystem on how to best catalyze climate finance. The initiative is a partnership between Climate Policy Initiative (CPI) and Convergence.
MEDIA CONTACTS
Sijia Yi
Head of Communications
Convergence Blended Finance
Júlio Lubianco
Communications Manager
Climate Policy Initiative
Sam Goodman
Communications Associate
Climate Policy Initiative