The Climate Finance Accelerator (CFA) is a global technical assistance program funded by the UK government to directly support climate projects to access finance. The CFA operates in nine countries (Nigeria, Colombia, South Africa, Türkiye, Mexico, Peru, Pakistan, Egypt, and Vietnam) to encourage the flows of finance required to deliver on countries’ ambition to limit global warming to 1.5°C.
In Nigeria, the CFA brings together the key actors in the climate finance investment chain: project proponents and developers, finance providers, and policymakers. They aim to facilitate a collaborative approach to unlocking finance for climate projects at scale and creating a pipeline of ‘investment-ready’ low-carbon projects. The CFA also seeks to deliver several co-benefits, such as supporting a just transition and green recovery efforts from COVID-19 through inclusive approaches to sustainable development, improved gender equality, and building resilience to climate impacts.
CFA Nigeria provides project developers greater opportunities to access finance by working directly with potential investors to understand their needs and develop their projects accordingly. Through their reach, project proponents have the opportunity to reach commercial and concessional investors, operating both nationally and internationally.
Participation in CFA Nigeria and key events can raise the profile of a project amongst a range of stakeholders from regional and national policymakers to a range of stakeholders from local and international finance providers.
The CFA is a practical and deal-oriented program that supports climate projects to improve their bankability and appeal to financiers. Preparing projects that are attractive to investors is challenging. Low-carbon projects are often perceived as higher risk as new technologies and business models are not widely understood. Regulatory and policy barriers can also create blockages in accessing capital at scale.
The Climate Finance Accelerator offers a range of capacity-building support to assist climate mitigation projects in accessing finance.
Benefits
- The best work will get rewarded.
Eligibilities
Open for All.
Eligible Regions: Open for All
Application Process
- The application and submission requirements can be accessed pressing ‘next’ at the bottom of this page, where further guidance is also provided. Please note that the application process is not designed to select the most developed or complete projects, but rather those that are aligned with our objective of facilitating climate projects to access finance. Projects that meet the criteria above are strongly encouraged to apply.
- On submission and during consideration of your proposal we will require some personal details such as name, email address, and phone number for a main contact or contacts submitting the proposal. These contact details will only be used for communication about the proposal. We expect to respond to project applications within three weeks of the application deadline and may request further project details at this stage.
- Your application will be treated as confidential information and will not be reproduced in any form or by any means or disclosed to others or used for any purpose other than for consideration under the Climate Finance Accelerator.
Application Deadline: March 3, 2023
Application ClosedOfficial link
