Deadline: 31-Aug-22
The United Nations Development Programme (UNDP) is accepting proposals for Climate Aggregation Platform (CAP) Financial Innovation Challenge to advance and raise awareness for innovative solutions to market barriers for financial aggregation – with the goal to increase access to low-cost financing for low-carbon energy.
The Climate Aggregation Platform (CAP) is a Global Environment Facility (GEF)-funded project implemented by UNDP’s Bureau for Policy and Programme Support (BPPS), Nature, Climate and Energy Unit, which, in partnership with the Climate Bonds Initiative seeks to promote the scaleup of financial aggregation for small-scale, low-carbon energy assets in developing countries.
The Innovation Challenge Fund established under the Climate Aggregation Platform (CAP) project with the purpose to crowdsource Innovative Financial Aggregation Structures and Models to help increase access to and lower the cost of financing for small-scale, low-carbon energy assets in developing countries.
Objectives
Foster the development of Innovative Financial Aggregation Structures and Models that can help increase the availability and reduce the cost of financing for low-carbon energy in developing countries. And, in doing so, help close the investment gap to achieve universal energy access. u Facilitate the transfer of know-how and innovative solutions that can help overcome development challenges in developing countries and contribute to the achievement of the Sustainable Development Goals, notably
- SDG 7 on clean and affordable energy;
- SDG 13 on climate action.
Funding Information
- The focus of the CAP FIC will be on advancing solutions that can help close the investment gap to achieve universal energy access – Annual investment in access to electricity needs to be increased to USD 35 billion and USD 25 billion for clean cooking.
- UNDP will solicit innovative ideas and solutions to address development challenges which cannot be achieved through traditional solicitation processes. UNDP will award up to US$ 40,000 per selected project through the CAP FIC. US$ 200,000 will be made available from the CAP’s budget to support up to 5 projects.
- The Project must be completed within 4 months from the signature of the Innovation Challenge Agreement.
Eligible Countries
The proposed Innovative Financial Aggregation Structures or Models must be developed in view of being deployed in one or multiple developing countries in Eastern Africa.
Eligibility Criteria
Governmental agencies, development banks, private sector entities, CSO/NGOs and academia are eligible to apply. Individuals are not eligible. Associations, consortia, or joint venture applications are eligible.
For more information, visit https://procurement-notices.undp.org/view_notice.cfm?notice_id=93679