Chemonics International, under the USAID Climate Finance for Development Accelerator (CFDA), seeks concept notes –in response to the Adaptation Finance Window – Investment Funds– from investment managers seeking grant capital, technical assistance, and guarantees (to cover credit risk) to support the launch of innovative funds or investment vehicles that will deliver significant outcomes for climate adaptation, as measured, but not exclusively, by the Green Climate Fund (GCF) Integrated Results Management Framework indicators.
In addition to US government support, Nordic government partners from the recently launched Investment Mobilization Collaboration Arrangement (IMCA) may provide up to $100M in credit risk guarantees to mobilize additional private financing into the adaptation funds selected through this competitive solicitation. IMCA is a global partnership between the United States and Nordic countries that will provide new catalytic capital for blended climate finance structures, aiming to mobilize billions in private capital for climate investments in mitigation, adaptation, biodiversity and nature before 2026. Concepts must integrate IMCA’s guarantees into the proposed fund structure (see Addendum 002 for details).
The Adaptation Finance Window – Investment Funds is Addendum 002 of CFDA’s Climate Finance Annual Program Statement (APS). Concept notes will be accepted through January 15, 2024 at 11:59pm Eastern Standard Time (EST).
Interested applicants are encouraged to join the Climate Finance Investment Network (CFIN). Managed by CFDA, the CFIN brings together climate finance stakeholders across a diverse set of sectors and emerging and frontier markets to partner with USAID. The objective of the network is to crowd in private sector climate financing through learning, partnership facilitation, and catalytic grants. CFDA will share all full and open solicitations, amendments, answers to questions, and other updates with contacts registered with the CFIN. There is no cost to join the CFIN and membership does not involve any commitment or obligation.
Attachments
Climate Finance APS 011
Adaptation Finance Window – Investment Funds, Addendum 002
- Addendum 002 (Original): CFDA Climate Finance APS – Adaptation Finance Window-Investment Funds Addendum 002
- Addendum 002 (Amended): 2023-0013-APS_Addendum 002-Adaptation Finance Window – Investment Funds_Amendment 1
- Answers to Questions: Answers to Questions_ Addendum 002 Adaptation Finance Window – Investment Funds
- Summary of Changes: 2023-0013-APS_Addendum 002-Adaptation Finance Window – Investment Funds_Amendment 1 – Summary of Changes
- Addendum 002 Bidders Conference (12/15/23): Recording and slide deck
- Concept Note and Budget Template: Annex-A_CFDA Climate Finance APS_Addendum 002_Concept Note and Budget Template
- Addendum 002 FAQ: CFDA Climate Finance APS – Adaptation Finance Window-Investment Funds FAQ