The Climate Finance Innovation Facility (CFIF), managed by the Frankfurt School-UNEP Collaborating Centre, is pleased to announce its 3rd Call for Proposals, inviting applications from financial institutions based in developing countries of the Asia-Pacific region. The CFIF, funded by the Ministry for the Environment, Nature Conservation and Nuclear Safety of the Federal Republic of Germany, provides support in the form of grants and technical assistances for the setting up of innovative financial products, programmes or services for the low carbon energy sectors such as renewable energy and energy efficiency. The aim of the facility is to catalyze new investment into the climate mitigation sectors by helping first movers in the finance community to develop new products that have replication potential across markets and geographies. A broad range of business support activities are eligible for support, ranging from feasibility studies, to market assessments and legal reviews.

Since its inception, the facility has extended funding and technical assistance to nine financial institutions in India, Pakistan, Nepal, China, Cambodia, Mongolia, Philippines and Singapore. For further information on current product developments supported by CFIF, please visit http://climate-finance.org/#04.

The application procedure consists of a two-step process:

  1. Submission of concept note to present the basic elements of the proposal (max. 3 pages). Please download the application form from the website http://www.climate-finance.org#03 . Applications must be submitted electronically to cfif@fs.de on or before 30 September 2012.
  2. Successful submissions will be short listed and invited to submit full proposals.

Support

  • CFIF provides funding support in the form of grants for eligible financial product development activities. The support covers up to 50% of actual costs, dispersed in milestone based tranches.
  • CFIF can provide direct technical advisory services up to a maximum of 20% of total support provided.

Criteria

  • Innovativeness and market potential of the proposed financial product or service (i.e., technically, commercially, geographically);
  • Institutional and financial capacity of the applicant to develop new products for the low carbon energy sectors;
  • Eligible applicants include financial institutions operating in developing countries of the Asia-Pacific region.

Activities eligible for support

  • Feasibility studies
  • Market assessments
  • Business planning
  • Regulatory and environmental analyses
  • Capacity building
  • Training
  • Marketing
  • Procedural development
  • Other business support activities, as approved.

For further information on current product developments supported by CFIF, please see http://www.climate-finance.org/#04 or contact cfif@fs.de