Climate Finance Accelerator

Climate Finance Accelerator:  One of the objectives of climate projects is to reduce greenhouse gas (GHG) emissions by implementing validated methodologies to control emissions in their processes. The Climate Finance Accelerator (CFA) is a technical assistance program that supports climate projects to focus on achieving financial closure by improving their bankability and attractiveness to private financing. Can you imagine finally having the support you needed to make your project a reality?   How can the Climate Finance Accelerator support your project? Preparing attractive projects for investment is a challenge. Low-carbon projects are regularly perceived as high risk because the new technologies and innovative business models they use are still poorly understood. In addition, regulatory, market and policy barriers can also hinder access to large-scale capital. These are the benefits that CFA participants will perceive:

• Access to investors. The CFA program gives project developers the opportunity to put their projects in direct contact with potential investors.

• Mentoring and learning from best practices. Through ad-hoc training sessions and knowledge sharing on what funders consider when deciding to invest, project developers will gain valuable information and build capacity to make their projects stronger and mature towards financial closure.

• Networking opportunities. Project developers will have the opportunity to expand their networks with investors and other key local and international stakeholders in the climate finance landscape.

• Increased visibility. Participating in the CFA program and its events can increase a project's visibility among a variety of stakeholders, including national and international policymakers.

• Achieve the project's low carbon objectives. The CFA program supports projects in realizing and communicating their positive impacts. The program has access to climate, sectoral and social impact specialists, and can help projects support local and national climate ambitions, as well as help highlight co-benefits such as poverty reduction, boosting gender equality, greater social inclusion and combating biodiversity loss.

Projects must meet certain eligibility criteria, which will be evaluated based on the information gathered in the application forms. The CFA program considers the following 4 main criteria for project selection:

It is important to mention that projects submitted are not expected to be fully prepared in each of these criteria. We are looking for projects that are viable, have the potential to reduce carbon emissions, and can demonstrate a positive social and gender equality impact.   Events On September 29th, the virtual event «Launch of the Climate Finance Accelerator in Peru» (CFA) was held. In this event, we presented the expected benefits, opportunities for stakeholder engagement and an overview of the climate finance landscape. The event was well attended by 199 attendees curious to learn more about the program. We had the presence of a panel of experts and representatives of the climate and financial sector, who commented on the opportunities and barriers to investment in reference to low carbon projects in Peru. Among the panelists we had important interventions: “Investing in projects and businesses that are compatible with the objectives of the Paris Agreement is becoming increasingly attractive. Low-carbon investment opportunities are in the pipeline in all sectors of the Peruvian economy. The CFA program is key to bringing project developers and investors together to close the deal and move faster towards a low-carbon economy.«. Says Florian Eickhold, technical director of the CFA Program in Peru. On October 13, we also held our Market Engagement Event, which was dedicated exclusively to review details about the call for projects, resolve doubts and concerns of project proponents who are interested in applying to the CFA program in Peru. We had 149 registrants among which we found actors from the energy, agriculture and health sectors, as well as representatives of financial institutions who shared their questions about the program. The Call for Proposals for projects seeking support in accessing financing will be open from September 29 to November 12, 2021. The application form is available at the following link: