Accelerating climate finance solutions for low-carbon, resilient growth in EMDEs

CC Facility Impact 2026

Results to date

In under three years the program has supported 17 scalable vehicles that have raised $308 million in new commitments since joining the program and unlocked more than $700 million through direct investments and co-funding for climate projects in EMDEs.

This progress further demonstrates that thoughtful de-risking, robust pipeline development, and a well-defined impact thesis can transform A&R opportunities into investable propositions, opening a pathway to mobilize private and philanthropic capital at scale.

The program's great investment and impact potential lies ahead

While the CC Facility grantees have already begun realizing tangible impact outcomes, significant portfolio potential remains: 16 of 17 vehicles are actively fundraising with an aggregate target of $1.9B, and those that have already secured new investment are in the early stages of deployment. This investment, if fully realized, has the potential to directly translate into large-scale, sustained emissions reduction, ecosystem conservation, and livelihoods outcomes.

The CC Facility's Acceleration Approach

  • Readiness and fast-tracking of investable solutions
  • Building a deep, global pipeline
  • Embedding gender equity within climate finance
  • Prioritizing locally driven interventions

“Canada is proud to support the Catalytic Climate Financing Facility, led by Convergence and Climate Policy Initiative, which advances locally driven climate finance solutions in developing markets.”

"Through our support for the Catalytic Climate Finance Facility, we helped demonstrate how locally driven, well structured climate finance vehicles can channel capital toward sustainable agriculture solutions across Sub-Saharan Africa."

Patricia Peña, Assistant Deputy Minister, Global Affairs Canada, Government of Canada

Jenny Frankel-Reed, Senior Program Officer, Gates Foundation