Deadline: November 17th 2023 | Call For Proposals For Climate Finance Accelerator In South Africa
| Title: | Call For Proposals For Climate Finance Accelerator In South Africa |
| Organisation: | Call For Proposals For Climate Finance Accelerator In South Africa |
| Fund/Grant: | Financial Grants |
| Deadline: | November 17th 2023 |
| Eligible countries: | South Africa |
Do you operate an SMME and fight climate change? Do you require aid in luring investment? A variety of assistance is available to help climate mitigation projects get funding through the Climate Finance Accelerator (CFA) South Africa.
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The UK government funds the Climate Finance Accelerator (CFA), a global initiative of technical assistance, to directly assist climate projects in obtaining funding. The CFA collaborates with emerging economies with the goal of promoting the financial flows necessary to fulfil nations’ commitments to keep global warming below 1.5°C.
From the sectors of energy, water, smart agriculture, clean transport, waste, forestry, and circular economy, about ten projects are anticipated to be chosen.
The CFA sees important difficulties in climate finance and seeks to address the following:
- Lack of a pipeline of viable initiatives; the CFA helps project proponents improve the viability of their projects.
- Climate projects are having trouble getting funding, and the CFA serves as a bridge between project proponents and investors.
- The CFA acknowledges that there are issues with the enabling environment that can be resolved by using that convening authority, which includes policymakers, but the CFA offer concentrates on making suggestions for how to overcome these obstacles.
- Through its hands-on work with projects, the CFA discovers typical financing obstacles that project proponents encounter and suggests strategies to enhance the enabling environment to overcome these obstacles.
- Making recommendations to decision-makers about how to address financial barriers is a part of the CFA process.
The CFA is a worldwide programme for technical assistance, supported by the UK government, that will:
- Cooperate closely with eleven partner countries
- Colombia, Nigeria, Mexico, Turkey, South Africa, Peru, Pakistan, Egypt, Uganda, and Vietnam are the 10 nations.
- Help them create a sustained pipeline of creditworthy, low-carbon projects.
- Work with local and London-based financiers to identify appropriate financing possibilities.
- Identify funding for low-carbon projects to aid nations in implementing their NDCs by helping to establish a permanent CFA process in each nation.
Aims
The CFA has five primary goals.
- Boost project developers’ ability to create projects with low carbon footprint and investment potential
- Organise networks among those involved in climate finance
- Increasing people’ knowledge of climate finance
- Make policymakers more aware of the factors that influence and hinder the creation of an environment favourable to climate finance.
- Relevant parties have fully created and adopted the CFA process plan.
Benefits of CFA
Participating in the CFA scheme offers project developers the following advantages:
- Obtaining investors
- Insights on coaching and best practises
- Network possibilities
- Increased awareness
- Achieving project goals for low-carbon energy
- Proponents
The CFA offers project proponents a range of assistance, including:
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Project evaluation
- They will evaluate projects to determine how the CFA may be most helpful before creating a customised package of CFA support.
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Increasing capacity
- Customised capacity building over 3–4 months
- Meetings with financial professionals
- Templates and tools for project financing
- Meetings of the technical support group
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Multi-day occasion
- They bring investors and projects together for several opportunities to pitch as well as for joint learning sessions.
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Ongoing connection
- They will decide how the CFA can best support your initiative moving forward, whether it be with ongoing follow-ups or another round of CFA funding.
Phases
There are six essential phases:
- Scope Demand and supply mapping for climate funding
- Process for Stakeholder Mapping in the Country
- Choosing projects
- Increasing the capacity of the project’s backers
- Event for project backers and investors
- Event in London
- Choosing projects
- Increasing the capacity of the project’s backers
- Event for project backers and investors
- Internal follow-up
- Monitoring projects
- Process review for CFA
- CFA conference A conference for all CFA nations is held in London.
- CFA implementation is ongoing
- Assist in establishing a CFA procedure that is permanent in each nation.
The CFA is seeking initiatives that
- Will produce quantifiable climatic results
- Will need more than $4 million in financing
- Are at least in the pre-feasibility level, will produce long-term returns that are commercially viable, and will positively affect inclusion, gender, and just transition.
For more information, visit National Business Initiative (NBi)
