USAID Climate Finance for Development Accelerator (USAID CFDA)

The Blended Finance Gallery at the #GIINImpactForum2024 showcased 22 innovative financing structures implemented by GIIN members. Attendees had the opportunity to vote on their favorite structures based on size and we are pleased to announce the winners: 🏆 U.S. International Development Finance Corporation (DFC) for their investment in Water Unite Fund which features a first loss capital layer funded by micro-levy contributions from global retailers and brands through a purpose built global non-profit. 🏆 Triple Jump, Seed Capital & Business Development facility of the Dutch Good Growth Fund (DGGF), for leveraging seed capital as the market development engine for SME finance in emerging markets. 🏆 Chemonics International, Green Guarantee Company SPV with a first loss tranche to mobilize commercial investors in the Green Guarantee Company (GGC), the world's first private guarantor of green bonds/loans in emerging markets. GIIN members can access detailed case studies on these winning structures exclusively on Member Connect: https://lnkd.in/eSFf4k-q. Not a member yet? Learn more about how GIIN membership can connect you to innovative solutions in impact investing. For inquiries about the Blended Finance workstream, reach out to Ina Lee or email bfgallery@thegiin.org.

📢 #OpportunityAlert: In partnership with the Investment Mobilisation Collaboration Alliance (IMCA) and Power Africa, we're thrilled to announce the Greening Value Chains in Africa funding window! This opportunity will award grants to local, U.S., and international organizations and private entities to experienced debt, equity, or other investors that are working to improve the sustainability and help enhance the economic contribution of Africa’s energy transition value chains. 💡We'll be hosting a virtual pre-application workshop on November 21 at 10 AM Eastern Standard Time. Please register here: https://lnkd.in/eXGyDyvP ⚡You can learn more about the funding window and apply here: https://lnkd.in/e4-UwcCv

Southern Africa holds immense potential for carbon markets, but the journey from potential to reality varies dramatically across the region. In collaboration with the USAID Climate Finance for Development Accelerator (USAID CFDA), we assessed the state of carbon regulations and nature-based carbon projects in six countries: Angola, Botswana, Eswatini, Lesotho, Namibia, and South Africa. Key findings from the assessment: ◼ South Africa leads with 93% of the region's carbon credits and Africa's only active compliance market ◼ While 21 nature-based carbon projects are registered across the region, none have issued credits yet. Primarily due to financial, methodological, regulatory, and market challenges ◼ Namibia shows promising progress with a draft Carbon Market Framework awaiting Cabinet approval ◼ In South Africa's compliance market, current credit supply meets only ~30% of domestic demand Scroll below to learn how Southern Africa can unlock its full carbon market potential, driving both climate action and economic growth. Download the full report: https://lnkd.in/eNDjckEk #CarbonMarkets #ClimateAction

We are pleased to announce that AWE (Achieving Women Equity) Funds and Deetken Impact are the two latest Climate Gender Equity Fund (CGEF) grant awardees, with funding going to boost climate action in India and across Latin America and the Caribbean. CGEF is a public-private partnership led by USAID with partners Amazon, Reckitt, Skoll Foundation The UPS Foundation, and Visa Foundation which seeks to increase access to climate finance for gender-responsive, women-led, and women-benefiting organisations. Grantmaking under CGEF is managed by 2X Global. Learn more about the latest awards at the 🔗 below: https://lnkd.in/edavPwTQ

Amazing to hear Priya Thachadi most recent grantee of the Climate Gender Equity Fund (CGEF) spearheaded by USAID Amazon Skoll Foundation UPS FOUNDATION INC Visa Foundation with 2X Global as the grants manager and Chemonics International as a key partner Priya in convo with Emily from the White House Gender Equality Policy Council and eloquently outlines that “in south east Asia and Phillpines where she lives that they are well past if climate change is real but are in the thick of experiencing climate crises daily- across rising sea levels, farming issues, worsened economic security and more” Bravo Priya and appreciate you making it real and grounding us in why moving gender smart climate finance is so essential and how it yields enhanced financial, economic and social outcomes 🙏🏼

The Development Guarantee Group Chief Executive Officer, Lasitha Perera, presented on the Green Guarantee Company (GGC) at the High-Level Roundtable on Urban Climate Finance which took place as part of the Ministerial Meetings on Urbanization and Climate Change at COP29 Azerbaijan today. Many thanks to the UN Environment Programme and the Global Alliance for Buildings and Construction (GlobalABC) for their kind invitation to GGC to participate. It was an engaging session with a number of national and local governments from both the Global North and the Global South articulating eloquently the challenges they face in helping their urban populations adapt to the consequences of climate change and more pertinently the challenges in raising urban climate finance to implement the solutions they need. It was clear that the urban climate finance gap doesn't fit the Global North (has finance) vs Global South (doesn't have finance) paradigm - it is truly a Global issue. There was universal consensus that guarantees have an important role to play in helping channel more urban climate finance from the private sector. To this end Lasitha reaffirmed that GGC, as the world's first climate focused guarantor, is ready to play its part in helping to address the barrier created by a misperception of the risks associated with urban climate finance. In conclusion, Lasitha also made the point that the strongest and most active capital markets globally are underpinned by a strong and active real estate sector. Consequently, it is not just the case that the construction sector needs finance, but equally true that the finance sector needs a strong construction sector. #COP29 #BuildForClimate #ActOnCooling Roland Hunziker l Gulnara Roll l Hanane Hafraoui