Category of Support
Finance » Guarantees
Donors
Government of Canada (GoC)
International Finance Corporation (IFC)
Users
Private Sector
Description
The objective of the Program is to address market barriers that prevent the faster, more widespread or longer-term sustainable adoption of low-carbon technologies and business models designed to address climate change. These include, for example, the lack of financing for clean energy projects due to financial intermediaries’ lack of expertise and perceptions of high risk; the limited capacity, experience, and information available to companies that seek to develop clean energy projects; and the lack of a supportive enabling environment.
Locations
Angola
Benin
Burkina Faso
Burundi
Cape Verde
Cameroon
Central African Republic
Chad
Comoros
Cote d'Ivoire
Democratic Republic of the Congo
Djibouti
Equatorial Guinea
Eritrea
Ethiopia
Gambia
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mozambique
Niger
Nigeria
Republic of the Congo
Rwanda
Sao Tome and Principe
Senegal
Sierra Leone
Somalia
South Sudan
Sudan
eSwatini
Tanzania
Togo
Uganda
Zambia
Zimbabwe
Grid Status
Both
Geography
Projects funded by the Program Countries that are eligible for Overseas Development Assistance (ODA) and are also Non-Annex I Parties to the United Nations Framework Convention on Climate Change.
Eligibility
Eligible investments and advisory services activities support the abatement of greenhouse gas (GHG) emissions and climate adaptation opportunities, such as those related to (i) low carbon actions in the power sector, including renewable energy and increased efficiency in generation, transmission, and distribution; (ii) large-scale adoption of energy efficient technologies and other demand management techniques in industrial sectors, as well as commercial and residential buildings; (iii) sustainable agriculture, forestry, and land use; and (iv) reductions in the vulnerability of human or natural systems to actual or expected climate change impacts and risks by maintaining or increasing adaptive capacity and resilience.
Point of Contact
Kruskaia Sierra-Escalante, Manager
IFC Blended Climate Finance
ksierraescalante@ifc.org
IFC Blended Climate Finance
ksierraescalante@ifc.org