San Francisco and Toronto, March 24, 2025—The Catalytic Climate Finance Facility (CC Facility) has launched its fourth call for applications for high-impact, scalable, and market-ready blended climate finance solutions in developing economies.
The Facility is welcoming new submissions, which can be made through the CC Facility website until April 24.
This cycle will target sustainable agriculture solutions in sub-Saharan Africa and South Asia, as well as other climate adaptation and mitigation initiatives across the Asia-Pacific region.
Set up in 2023, the CC Facility offers up to USD 500,000 in grant funding for each selected project. The program also provides tailored technical assistance to all grantees, including support on strategies, fundraising, and operations to help applicants overcome market barriers and effectively mobilize private capital for climate action.
To date, the CC Facility has awarded over USD 4 million to test, structure, launch, and expand 11 blended climate finance solutions globally.
These solutions support a range of initiatives, such as climate-resilient agriculture, marine conservation, biodiversity, climate adaptation, and renewable energy. They do so via blended finance solutions, including debt, project finance platforms, and venture capital.
“The CC Facility highlights the increasing potential for unlocking private capital in a pivotal year for demonstrating the value of sustainable development investments,” said Barbara Buchner, Global Managing Director of Climate Policy Initiative (CPI).
“It helps mobilize investment in under-financed areas, including private and broader domestic resources, to develop solutions that address the worst impacts of global warming,” she added.
“With foreign aid budgets being cut across the board, initiatives like the CC Facility that are focused on mobilizing private capital to the places and challenges that need it most are more important than ever,” said Joan Larrea, Chief Executive Officer (CEO) of Convergence.
“We are thrilled to be backing mechanisms that have the potential to be ecosystem and market builders delivering outsized and lasting impact to the countries and communities they are located in,” explained Larrea.
Amid calls for the existing global climate finance architecture to evolve, the CC Facility is a partnership between Convergence and CPI that aims to provide holistic solutions to accelerate the implementation of blended finance structures while catalyzing private capital.
Register for the information session
To learn more about the program, including eligibility and selection criteria, and ask our team questions, you can participate in our information session on April 9. To accommodate different time zones, the webinar is offered at two different times. Register here.
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
sijia.yi@convergence.finance
Júlio Lubianco
Communications Manager
Climate Policy Initiative
julio.lubianco@cpiglobal.org
