USAID Climate Finance for Development Accelerator
The United States Agency for International Development (USAID) Climate Finance for Development Accelerator (CFDA), also known as “the Accelerator,” is a $250 million initiative designed to mobilize $2.5 billion in public and private climate investments by 2030. These investments will fund a range of climate change mitigation and adaptation activities focused on scaling up the transition to an equitable and resilient net-zero economy.
The Accelerator is a platform designed to help countries meet their national commitments in alignment with the Paris Agreement through evidence-based solutions that respond to national contexts and address gaps in global, regional, and national climate finance ecosystems. The Accelerator is organized around the following three objectives that seek to mobilize financial resources for climate adaptation and mitigation priorities in an inclusive, equitable way:
Objective 1: Develop and scale effective partnerships and new investment solutions to achieve transformational change in countries where USAID works.
Objective 2: Improve the enabling environment and increase and broaden participation in climate finance including the range and diversity of stakeholders driving climate solutions.
Objective 3: Expand local and global capacity to bring more resources into climate finance.
Key features the Accelerator offers include:
- Establishing a partnership portal as an entry point for private sector, foundations, and other partners that are interested in catalytic support for climate investments aligned with USAID objectives and Paris Agreement commitments to join the Accelerator-managed Climate Finance Investment Network (CFIN).
- Engaging partners through the CFIN to help strengthen the climate finance ecosystem to crowd in private sector financing through learning, partnership facilitation, and catalytic grants.
- Enabling USAID missions and local partners to understand and design evidence-based solutions that respond to gaps and barriers in local climate finance ecosystems that currently prevent the deployment of increased and more effective climate finance.
- Empowering local actors, marginalized communities, and underrepresented groups to access climate finance and lead the effort to meet climate goals through co-creation, partnership matchmaking, and support to be a direct recipient of USAID subcontracts and grants.
To learn more and apply, click here.
