CTI PFAN Pilot Programme for Financing Adaptation-related Climate Change Projects

31-05-2013, 22:45, Johannesburg, South Africa

Developing countries will experience some of the worst impacts of climate change and given the constraints on the availability of public sector resources, it is generally accepted that significant private sector financing will be required to play a role in addressing many of the challenges of adaptation.

CTI PFAN's Pilot Programme for Financing Adaptation related Climate Change Projects seeks to identify promising projects which have the capability of raising private sector financing. Selected projects will be offered free professional advice on project development and structuring and will be connected with investment through CTI PFAN's global investment networks. The best projects will also be showcased at an Investor Forum to be held later in 2013.

Project Eligibility

CTI PFAN seeks project proposals that are financially and technically viable, environmentally beneficial, socially responsible and meet the CTI PFAN adaptation criteria:

Adaptation related projects are those that help reduce the vulnerability of human and natural systems to the current and future impacts of climate change and climate-related risks, increasing or maintaining adaptive capacity and resilience in the targeted regions and countries through investment for project implementation.

There are no sectorial exclusions but projects in the following sectors will be targeted for selection:

  • Agriculture & Agri-business
  • Water and Sanitation
  • Tourism
  • Urban Adaptation
  • Micro-finance and Micro-Insurance
  • Energy & Access to Energy (Climate Proofing of Energy Generation & Supply)
  • Forestry & Eco-system Services
  • Adaptation Products & Services

Eligible projects include proposals by:

  • Companies, Individuals or Legal Persons
  • Public Private Partnerships
  • Municipalities, Local Authorities & Government Agencies
  • NGOs

Only business opportunities that require total (initial) capital in excess of US$1 million (or currency equivalent) will be considered. Applications from projects in all Sub-Saharan African countries will be considered, with priority being given to projects from Mozambique, South Africa, Kenya, Uganda, Ghana and Senegal.

Project Selection

Up to 20 projects will be selected to participate in the Pilot Programme. Project selection is expected to occur by end of June 2013. Projects will be evaluated and selected according to the following criteria:

  • Adaptation Eligibility  12.5%
  • Risk Analysis & Mitigation  10%
  • Commercial Viability & Value Proposition 12.5%
  • Adaptation Benefits 10%
  • Management Team 10%
  • Project Maturity 7.5%
  • Implementation Operations & Technology 10%
  • Replication / Scalability Potential 7.5%
  • Financials 15%
  • Overall Impression 5%

Submission of Application

Applications consist of a completed application form together with a Project Proposal Document and a Project Data Sheet and must be submitted by midnight (CAT) 31 May 2013 to CTI PFAN Adaptation Coordinator, adaptation [at] cti-pfan.net.

About CTI PFAN & the Organisers

The CTI PFAN Pilot Programme for Financing Adaptation Related Projects is sponsored by the Climate Technology Initiative (CTI)and the U.S. Agency for International Development (USAID), with support from the InternationalCenter for Environmental Technology Transfer (ICETT).

In climate change mitigation, CTI PFAN has successfully raised over USD 438 million of private sector investment and financing for 38 projects, representing over 321 MW of clean generation capacity and 1.9 million tonnes of CO2 e reduction pa. The Pilot Programme for Financing Adaptation related projects is designed to transfer the CTI PFAN methodology for mitigation projects and accelerate the deployment of private sector finance for climate change adaptation projects.

Key application documents can be downloaded below.  Also, please consult the CTI PFAN website and other background links: