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.
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 Climate Finance Authority (CFA) addresses climate finance challenges such as insufficient bankable projects and struggling climate projects accessing finance. It provides support to project proponents and convenes between proponents and financiers, focusing on enabling environment challenges.
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
- Organize 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.
Participating in the CFA scheme offers project developers the following advantages:
- Obtaining investors
- Insights on coaching and best practices
- Network possibilities
- Increased awareness
- Achieving project goals for low-carbon energy
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.
Click here to apply.
https://survey.alchemer.eu/s3/90629421/CFA-South-Africa-Phase-3
Application deadline.
17 November 2023
