The Climate Finance Accelerator (CFA) programme
The Climate Finance Accelerator (CFA) is a four-year programme funded by the UK Department for Business, Energy & Industrial Strategy (BEIS).
The CFA is an innovative technical assistance programme which aims to support nine middle-income countries to develop a sustainable pipeline of bankable, low-carbon projects. It does this by convening a wide variety of stakeholders including project proponents and developers, banks and other finance providers, and government representatives. The CFA will organise workshops, provide tailored guidance and capacity building across the ‘climate finance supply chain’, and support the embedding of a CFA governance process in the target countries. Workshops will take place in London, providing an opportunity to share City of London expertise, and in participant countries, involving local capital market actors.
PwC was awarded the contract in November 2020, and the programme is being delivered by a consortium which includes Ricardo Energy & Environment and global and in-country partners and experts.
The programme is now in its inception phase and we will update communications in due course. For any enquiries, please contact [email protected]
Climate Finance Accelerator - London 2017
The inaugural Climate Finance Accelerator workshop was held in London in September 2017. During the week-long workshop Mexico worked with HSBC, Nigeria with Deutsche Asset Management and Colombia with BNP Paribas alongside impact investment adviser, Enclude, with Vietnam participating as an observer.
During the intensive week-long event, dedicated country teams developed outline financing propositions for priority NDC projects as well as an initial NDC financing plan.
A practical and immersive experience for the country delegates, the week-long event was preceded by in-country workshops to help the national delegations prepare. As well as three days of “deep dive” sessions on projects, the event included plenary sessions with climate policy and finance experts to help them develop their projects for financing, and an opportunity to present their project plans to world-leading financial and climate experts located in London.
It was hosted by the UK Government, City of London’s Green Finance Initiative and the Moroccan Presidency of the 22nd Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP22). The inaugural CFA was supported by the UK Government’s Department for Business, Energy and Industrial Strategy, International Climate Finance, Children’s Investment Fund Foundation (CIFF), the Hewlett Foundation, the ClimateWorks Foundation, the Climate and Development Knowledge Network (CDKN), and the Inter-American Development Bank (IDB).
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