Applying to the Innovating for Climate Resilience Fund.
The Innovating for Climate Resilience fund invests in innovations that can help the world’s poorest to adapt to the challenges posed by a volatile and changing climate. The fund uses grant, debt, and equity instruments to accelerate innovations’ journey to scale, aiming to benefit tens of millions of people.
It is becoming increasingly urgent to build resilience to the increasing incidence of heat waves, droughts, floods and extreme storms, and adapt to high sea levels and less reliable rainfall. The greatest needs are in low-income countries and populations, whose exposure is greatest and coping capacity often the lowest.
We are seeking a range of innovations with the potential to improve and protect the lives and livelihoods of people living on less than $5 a day who are disproportionately affected by climate change. We are particularly interested in innovations which help make livelihoods more resilient and more productive in the face of a threatening and changing climate. This includes new businesses (and business models) which reduce vulnerability to climate shocks, and innovations supporting government to adapt services for those living in poverty.
GIF’s investment criteria apply to those innovations explored under the Innovating for Climate Resilience Fund, and the application and due diligence process remains the same. To be eligible for investment from the Innovating for Climate Resilience Fund climate resilience and adaption should be the primary focus of the innovation. That means that there should be a clear description of the specific climate challenge addressed, and the way in which the innovation confronts the challenge. GIF investments should have the potential to generate evidence and learning about resilience and adaptation that can mobilise further capital to invest in climate-proofing livelihoods.
In the event that your application is considered for funding, our due diligence processes will explore with you critical questions on:
The potential contribution of the innovation to climate adaptation and resilience outcomes.
The potential impact of climate risks on the innovation, its expected impacts and pathway to scale
Any potential adverse climate impacts of the innovation
Your organisation’s approach to climate and the extent to which strategy and operations take into account climatic threats and impacts.
GIF’s Climate Strategy includes more information and guidance on the goals of the Innovating for Climate Resilience Fund.