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Mobilizing Finance to Respond and Adapt to Climate Change .

Environment and Natural Resources

Climate Finance for Development Accelerator

Project Dates: September 2022 - September 2030
The USAID-funded Climate Finance for Development Accelerator will mobilize private finance and private sector actions that support the transition to an equitable and resilient net-zero economy while stimulating recovery from the COVID-19 pandemic.

In November 2021, USAID announced an ambitious goal of mobilizing $150 billion in private and public finance by 2030. This finance will support a variety of climate change mitigation and adaptation outcomes and support the implementation of country-driven and UN-assisted Nationally Determined Contributions (NDCs) and National Adaptation Plans (NAPs).

The Climate Finance for Development Accelerator is a signature tool USAID will use, combined with other mechanisms and actions, to accomplish its climate finance, mitigation, and adaptation goals. The Accelerator will serve as a platform for partnerships that draws on evidence, mobilizes finance for critical climate priorities, and puts new and local partners in the driver’s seat for both a short-term, locally led COVID-19 recovery and a longer-term just transition that empowers diverse stakeholders to spearhead equitable solutions. The Accelerator will directly support the U.S. Government’s Climate Strategy targets and Presidential Initiatives, such as the President’s Emergency Plan for Adaptation and Resilience (PREPARE) and the Plan to Conserve Forests. The Accelerator will apply comprehensive social and environmental safeguards to all activities while also prioritizing investments that increase inclusion and equity.

To achieve its ambitious targets, the Accelerator will catalyze financing towards a variety of climate change mitigation and adaptation projects, supporting nature-based solutions, transition to clean energy and net-zero emissions, and adaptation of climate resilient business practices

We invite interested organizations to join CFDA’s Climate Finance Investment Network (CFIN). CFDA shares learning and partnerships opportunities to contacts registered with the CFIN. Active, future, and archived procurements can also be accessed here.

Project Goals

  • Unlock $2.5 billion towards climate change outcomes
  • Support 20 countries with mobilizing $2 billion in finance to support NDCs or NAPs
  • Award 40% of the total number of GRIP subcontracts and grants to local entities or new partners
  • Ensure 15% of the total finance mobilized towards partnerships are inclusive of Indigenous Populations and Local Communities and underserved/marginalized populations
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Cracking the Nut 2023: The Role of Green Finance in International Development

Chemonics International and USAID’s Climate Finance for Development Accelerator convened a panel of private sector leaders to discuss corporate investments to promote greener, more sustainable, and more climate resilient supply chains.

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