
Project
Climate Finance Innovation Facility
Welcome to the UNEP Climate Finance Innovation Facility
The Climate Finance Innovation Facility (CFIF) supports finance-industry engagement in the new climate sectors renewable energy (RE) and energy efficiency (EE). 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 supports product that are financial mechanism targeting low carbon infrastructure in countries
of asia. The support comes in the form of technical assistance support and associated grants for
cost-sharing incremental aspects of financial product development. The support covers up to 50% of
true costs, dispersed in milestone based tranches, with the remaining out of pockets expenses covered by the requesting financial institution.
Financial Product Development Activities eligible for Support:
- Feasibility studies and market surveys
- Financial Advisory Service to (large scale) projects
- Financial modeling and risk analysis
- Carbon finance
- Political and regulatory analysis
- Environmental risk analysis
- Business planning
- Staff training
- Procedural development
- Other activities also eligible
Application
Financial Institutions should make contact with the Facility to discuss a prospective application before submitting any documentation.
The formal request includes:
- Completed application form
- Brief description of the climate relevant financial product or programme under consideration
- Preparatory activities requiring CFIF support
- Proposed Terms of Reference and budget (can be developed in consultation with the Facility)
- Short-list of consultants who could provide the required services (optional)
- Background information on the requesting party, indicating related financial services and experience
Supported Projects
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 and implements 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 rage of studies and activities regarding the promotion of energy efficiency and cooperated with the Indian Renewable Energy Development Agency.
Frankfurt School UNEP Collaborating Centre 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 maximize its knowledge base and grow into a leading think tank on this topic.
Links
| Frankfurt School UNEP Centre | http://www.fs-unep-centre.org |
| UNEP | http://www.unep.fr/energy/finance |
| Frankfurt School of Finance & Management | http://www.fs.de/ |
| BMU International Climate Initiative (ICI) | http://http://www.bmu-klimaschutzinitiative.de/en/news |


