The Global Environment Facility (GEF) is seeking project concepts for a second round of the Challenge Program for Adaptation Innovation, with a total value of US$10 million. Concept notes should request no more than US$2 million, inclusive of Agency Fees and Project Preparation Grant (PPG).
- Commercialization and scaling up of Nature-based solutions for climate change adaptation and resilience, including through local community action.
- Testing and modeling innovations in climate adaptation financial products and services, including blue and green bonds for climate adaptation; investment funds; financing facilities, payments for ecosystem services; and insurance.
- Developing lines of credit, lending products and methodologies to produce inclusive finance products with microfinance partners for localized climate adaptation action by micro, small and medium-sized enterprises (MSMEs).
- Commercializing and scaling up use of first-of-a-kind and disruptive technologies for climate adaptation and resilience.
- Strengthening climate risk disclosure and management policies, regulations, and practice to motivate investment in climate adaptation action.
- Enhancing ownership and active participation of female stakeholders in climate change adaptation business development.
- Private sector (including MSMEs) engagement for climate change adaptation with local livelihood benefits in conflict sensitive contexts and with youth.
- Incorporation of private sector engagement for climate adaptation and resilience in recovery strategies from the COVID-19 pandemic.
- Policy interventions to enable innovation and localized climate change adaptation action.
- The pre-selection process will identify and prioritize projects and programs for invitation to be submitted through the GEF formal project cycle. The number and dollar value of the concept notes invited to be submitted through the formal cycle will match the funds that are available through this Call for Proposals. The following criteria will be used for pre-selection:
- Potential for addressing climate hazards and their impacts;
- Potential to address key barriers including the reduction of risk for motivating private sector investment in climate change adaptation and resilience;
- Degree of innovation, including potential to contribute to recovery from the COVID-19 pandemic; and
- Potential to catalyze private sector investment in climate change adaptation at scale.
- Concepts will be rated based on these criteria and pre-selected to ensure a diversity and balanced distribution among eligible countries and regions, as well as a range of innovation strategies, as well as. Emphasis will be placed on concepts that promote innovation and risk taking for climate adaptation impact, including through system transformation and non-traditional partnership for the GEF.
For more information, visit https://www.thegef.org/documents/call-proposals-challenge-program-adaptation-innovation-second-round