Deadline: November 17th 2023 | Call For Proposals: Climate Finance Accelerator In South Africa
| Title; | Call For Proposals: Climate Finance Accelerator In South Africa |
| Organisation; | Climate Finance Accelerator (CFA) |
| Fund/Grant; | Grants |
| Deadline: | 17th November 2023 |
| Eligible countries: | Nigeria, Colombia, South Africa, Egypt, Uganda, Turkey, Mexico, Peru, Pakistan, and Viet Nam |
The UK government funds the Climate Finance Accelerator (CFA), a global technical assistance programme that helps climate-smart projects obtain funding. The CFA works in ten nations: Nigeria, Colombia, South Africa, Egypt, Uganda, Turkey, Mexico, Peru, Pakistan, and Viet Nam. Its mission is to promote the financial flows necessary to help these nations fulfil their goal of keeping global warming to 1.5°C.
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The CFA in South Africa brings together the major players in the climate finance investment chain, including policymakers, financial providers, and project developers and supporters. Our goal is to enable a cooperative strategy for releasing capital for large-scale climate initiatives and developing a pipeline of low-carbon projects that are “investment ready.” In addition, the CFA aims to provide a number of side advantages, including fostering a fair transition via initiatives in the green economy that encompass inclusive methods of sustainable development, enhanced social change, and bolstering resistance to the effects of climate change.
The CFA provides financial support to low-carbon projects. Potential projects ought to:
- Be planned to provide quantifiable climatic results, such as a reduction in greenhouse gas emissions by direct or assisted means.
- Require a minimum of $4 million in total funding.
- Be (at least) developed to the point of technical pre-feasibility.Possess a company plan that, while initially requiring some concessional funding, would eventually yield commercially appealing and sustained profits.
- Projects that can demonstrate good social consequences and how they advance social inclusion and gender equality (including financial inclusion for marginalised social groups) are highly encouraged.
- Excellent project management, leadership, and governance, including tools to track and evaluate development in relation to predetermined objectives and goals.
Benefits
- The CFA provides a variety of capacity-building services to help projects addressing climate change obtain funding. Participating in the CFA scheme offers project developers the following advantages:
- Investor access: By collaborating with prospective investors to comprehend their requirements, the CFA gives project developers more chances to obtain funding. Project supporters can interact with concessional and commercial investors that operate on a national and international scale thanks to the CFA’s reach. It is crucial to remember that the CFA Programme focuses on building capacity and facilitating access to financiers rather than offering projects direct financial help. Deals have already been made possible by the CFA Programme in South Africa, but this is not a given.
- The CFA offers access to expert perspective, awareness training, coaching, mentorship, and best practise insights in addition to capacity building and insights. Project developers will get important insights and strengthen their talents in making projects appealing and investment-ready through knowledge-sharing sessions on the factors that financiers consider most important when deciding whether to invest. For instance, the CFA will offer guidance on the creation of important documents like marketing presentations and investor pitch decks. Another illustration would be to offer capacity building for gender equity and social inclusion so that potential investors can recognise the project’s societal impact.
- Opportunities for networking: Project developers will be able to increase the number of investors and other significant players in the climate financing sector in their network. These include national and local government representatives, development banks and agencies operating on a national and international scale, and a group of projects aiming to strengthen their bankability. Project developers will reap long-term advantages from the network’s existing and upcoming low-carbon prospects.
- Enhanced visibility: By taking part in the CFA and its activities, a project can become more well-known to a variety of stakeholders, including local and international financiers as well as national and regional policy makers.
- Reaching the modest goals set forth in ESG (Environment, Social, and Governance) projects: In addition to commercial goals, the CFA encourages projects that demonstrate and convey their good consequences, which are significant to investors. In addition to supporting local and national climate aspirations, the CFA can help unleash co-benefits like poverty reduction, greater gender equality and social inclusion, and addressing biodiversity loss. The CFA has access to climate, sectoral, and social impact expertise.
For more information, visit the Climate Finance Accelerator South Africa’s official website.
