Climate Finance Innovation Facility | FS UNEP Centre

Project

Climate Finance Innovation Facility

Welcome to the Climate Finance Innovation Facility

The Climate Finance Innovation Facility (CFIF) supports finance-industry engagement in the new climate sectors Renewable Energy and Energy Efficiency. The Facility provides developing country financial institutions with technical assistance and funding for the development of climate focused financial products and services.

A broad range of activities are eligible for support, ranging from feasibility studies, to market assessments and legal reviews. The overall aim of CFIF is to help mobilise a scaling up of financial flows into climate change solutions. More broadly, by encouraging early action within the finance community, the facility helps cultivate on-the-ground leadership amongst financial actors that can have replication effects across markets and geographies.

Initiators of the facility are the United Nations Environment Programme and the Frankfurt School of Finance & Management. Investment Committee members come from ADB, BMU, KfW and UNEP.

 

Activities

CFIF provides developing country financial institutions based in the Asia-Pacific region with technical assistance and funding for the development of climate focused financial products and services. It thereby helps financial institutions innovate new products and services for climate mitigation 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.

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.

Financial Product Development 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.

Call for Proposals

Financial institutions should make contact with the Facility to discuss a prospective application before submitting any documentation.

The application procedure consists of a two-step process:

1st Step – Submission of product/programme concept note. Download the application form

Currently we are not inviting proposal submissions.

2nd Step – Successful submissions will be short listed and invited to submit full proposals.

Selection 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;
  • Short-list of consultants who could provide the technical assistance services (optional);
  • Eligible applicants include financial institutions operating in developing countries of the Asia-Pacific region.

For detailed information on our call for proposals please refer to our notice.

Projects

ProgrammePromotion of Renewable Energy Technologies (RETs) in Pakistan through the establishment of Micro Green Energy Co. (MGEC) supported by microfinancing facility
LocationPakistan
Partner(s)Tameer Microfinance Bank, Winrock International
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeCredit Financing of Green Homes and Solar Off-grid Equipment
LocationIndia
Partner(s)ICICI Bank
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeEmpowering the Poor through Increasing Access to Renewable/Efficient Energy
LocationPhilippines
Partner(s)Center for Agricultural and Rural Development Mutually Reinforcing Institutions (CARD MRI)
Focus AreaRenewable Energy
ProgrammeTaizhou Commercial Bank Energy Small Business Efficiency Lending Programme
LocationChina
Partner(s)Taizhou Commercial Bank
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeCredit Financing of Solar Home Systems (SHS) for Deprived Communities in Rural Nepal
LocationNepal
Partner(s)Ace Development Bank Limited, Winrock International
Focus AreaRenewable Energy
ProgrammeFeasibility Study on Access to Financing for RE Appliance for Rural Poor
LocationCambodia
Partner(s)VisionFund (Cambodia) Ltd.
Focus AreaRenewable Energy
ProgrammeXacBank Enhanced Growth- Development of Carbon Finance Mechanism
LocationMongolia
Partner(s)XacBank, Micro Energy Credits
Focus AreaMicrofinance, Energy Efficiency
ProgrammeIntroducing Biogas for Business
LocationNepal
Partner(s)Bank of Kathmandu, SNV Netherlands (Nepal)
Focus AreaRenewable Energy
ProgrammeMitigating and Adapting to Climate Change
LocationSingapore
Partner(s)Impact Investment Exchange Asia, Impact Investment Shujog
Focus AreaEnergy Efficiency
ProgrammeESCO Financing and Risk-sharing Programme for Scaling up Energy Performance Contracts in Guangdong Province, China
LocationGuangdong Province, China
Partner(s)China Bohai Bank, TUV Rheinland (TUV), Guangzhou Financial Guarantee Centre 
Focus AreaEnergy Efficiency
ProgrammeEnergy Inclusion Initiative in the Philippines
LocationPhilippines
Partner(s)Microfinance Council of the Philippines Inc., Appui au Développement Autonome, MicroEnergy International
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeDesign and Pilot Test of Chamroeun’s Clean Energy Loan
LocationCambodia
Partner(s)Chamroeun Microfinance Ltd. , Entrepreneurs du Monde
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeSupporting rural households of TYM’s members in trading with and equipping their houses with solar energy stoves and infrared stoves
LocationVietnam
Partner(s)Tinh Thuong one-member limited liability microfinance institution (TYM)
Focus AreaRenewable Energy, Energy Efficiency
ProgrammeCapacity Building for Energy Loans in the Pacific (Tonga)
LocationTonga
Partner(s)

Tonga Development Bank, International Union for Conservation of Nature 
Oceania (IUCN) 

Focus AreaRenewable Energy
ProgrammeESAF Advocacy: Climate Change Mitigation through Clean Energy Products
LocationKerala, Tamil Nadu, Maharashtra, Chhattisgarh, Madhya Pradesh of India
Partner(s)Evangelical Social Action Forum (ESAF), Micro Energy Credits Corporation Private Limited (MEC)
Focus AreaRenewable Energy, Energy Efficiency

About us

UNEP is working to create the policy and economic framework whereby low carbon technologies can increasingly meet the global climate challenge. The UNEP approach to sustainable banking is based on the need to enhance the linkages between environmental sustainability and economic decision-making which is emerging as a key nexus for public policymaking and market development. Changing attitudes and helping mainstream financiers to consider Sustainable Energy and low carbon investments are key components of this work and the starting point for its cooperation with the Frankfurt School of Finance and Management. 

Frankfurt School is a leading private business school implementing consulting and training projects in emerging markets and developing countries via its International Advisory Services. It offers a broad range of services in the fields of consulting and training to build up and strengthen institutional capacities in the financial sector. Within the Competence Centre ‘Sustainable Energy Finance’ Frankfurt School has implemented Energy Efficiency and Renewable Energy projects worldwide. In Asia, Frankfurt School has undertaken a range of studies and activities regarding the promotion of Energy Efficiency and cooperated with the Indian Renewable Energy Development Agency.

Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance is committed to facilitating the necessary structural change of energy supply and use around the globe by helping to catalyse private sector capital flow towards investments in Sustainable Energy and climate change mitigation and adaptation. Located at Frankfurt School, the Centre combines research of the highest calibre with an orientation towards practical application all the way to the final implementation. By implementing findings and instruments in the field where they will be most effective, the Centre will maximise its knowledge base and grow into a leading think tank on this topic.

Links

Frankfurt School UNEP Centrehttp://www.fs-unep-centre.org
UNEPhttp://www.unep.fr/energy/finance
Frankfurt School of Finance & Managementhttp://www.fs.de/
BMU International Climate Initiative (ICI)http://http://www.bmu-klimaschutzinitiative.de/en/news

Contact

Frankfurt School - UNEP Collaborating Centre for Climate & Sustainable Energy Finance

Frankfurt School of Finance & Management
Sonnemannstrasse 9-11
60314 Frankfurt am Main

E-Mail to: cfif@fs.de

Partners