Applications Invited for USAID Climate Finance for Development Accelerator (CFDA)

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About the Organization

Climate change is a global crisis. As temperatures and sea levels rise, people around the world are increasingly seeing heat waves, droughts, floods, cyclones, and wildfires upend their lives. The effects of climate change are not equal – they disproportionately impact the poorest and most marginalized communities USAID works to support every day. Climate change affects virtually everything that USAID does and threatens the development progress it has supported over more than 60 years.

With the next decade being decisive for the planet, USAID’s Climate Strategy takes a whole-of-agency approach to improve the climate resilience of 500 million people by 2030.  This new Strategy takes a “whole-of-Agency” approach that calls on all corners of USAID to play a part in the response. USAID will work on the ground with partner governments and local actors to set the global trajectory toward a vision of a resilient, prosperous, and equitable world with net-zero greenhouse gas emissions.

Climatelinks is a global knowledge portal for USAID staff, implementing partners, and the broader community working at the intersection of climate change and international development. The portal curates and archives technical guidance and knowledge related to USAID’s work to help countries mitigate and adapt to climate change.

We aim for this portal to improve climate change and development programming, amplifying the impact of USAID’s investments into the future. We hope Climatelinks becomes a place for development practitioners to help identify and refine practices, and to inform USAID’s technical direction in areas of information gaps.

About the Grant

The United States Agency for International Development (USAID) Climate Finance for Development Accelerator (CFDA), also known as “the Accelerator,” is a $250 million initiative designed to mobilize $2.5 billion in public and private climate investments by 2030. These investments will fund a range of climate change mitigation and low carbon adaptation projects led by project developers focused on scaling up the transition to an equitable and resilient net-zero economy.

The Accelerator is a platform designed to help countries meet their national commitments in alignment with the Paris Agreement through evidence-based solutions that respond to national contexts and address gaps in global, regional, and national climate finance ecosystems. The Accelerator is organized around the following three objectives that seek to mobilize financial resources for climate adaptation and mitigation priorities in an inclusive, equitable way:

Objective 1: Develop and scale effective partnerships and new investment solutions to achieve transformational change in countries where USAID works.

Objective 2: Improve the enabling environment and increase and broaden participation in climate finance including the range and diversity of stakeholders driving climate solutions.

Objective 3: Expand local and global capacity to bring more resources into climate finance.

Key features the Climate Finance for Development Accelerator offers include:

• Establishing a partnership portal as an entry point for private sector, foundations, and other partners that are interested in catalytic support for climate investments aligned with USAID objectives and Paris Agreement commitments to join the Accelerator-managed Climate Finance Investment Network (CFIN).
• Engaging partners through the CFIN to help strengthen the climate finance ecosystem to crowd in private sector financing through learning, partnership facilitation, and catalytic grants.      
• Enabling USAID missions and local partners to understand and design evidence-based solutions that respond to gaps and barriers in local climate finance ecosystems that currently prevent the deployment of increased and more effective climate finance.
• Empowering local actors, marginalized communities, and underrepresented groups to access climate finance and lead the effort to meet climate goals through co-creation, partnership matchmaking, and support to be a direct recipient of USAID subcontracts and grants.

How to Apply

USAID launched the Climate Finance Investment Network (CFIN). Managed by the Accelerator, the CFIN brings together climate finance stakeholders across a diverse set of sectors and emerging and frontier markets to partner with USAID to crowd in private sector climate financing through learning, partnership facilitation, and catalytic grants. The Accelerator also welcomes local partners in the countries in which USAID works to co-create and design initiatives to meet national and local climate goals. If you are interested in joining the CFIN or becoming a climate finance partner eligible to receive support from the Accelerator, please complete our partnership intake form.

For more information please check the Link

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Tags Environment and Sustainability Innovations and Technology Others