The Climate Finance Accelerator (CFA) is a technical assistance programme that provides capacity building support primarily to innovative low-carbon sustainable infrastructure projects seeking USD$5m-50m climate finance investment in emerging markets.
The CFA brings together climate financiers, policymakers, and entrepreneurial and innovative project proponents to identify and overcome barriers to investment. The programme provides tailored capability building support to projects, and support to climate financiers and policymakers to de-risk sustainable investments and build curated investment pipelines for investors.
The CFA is funded by UK Government’s Department for Energy Security and Net Zero (DESNZ), under the International Climate Finance (ICF) portfolio, as part of the UK Government's £11.6 billion commitment to support ODA-eligible countries to respond to the challenges and opportunities of climate change.
To support delivery of these goals, the CFA will continue to grow in scope and delivery over the course of this contract, annual programme budget is expected to increase from £3.7m (23/24 forecast) to up to be £10m (27/28 forecast), with a budget of up to £40m over a five-year period. This will allow the programme to scale the now proven and successful methodology within existing countries and sectors, and to new countries and sectors, and to draw on learnings from ongoing independent evaluation and learning activities.
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