A range of climate funding possibilities have been presented which assists nations in reducing the impact of the climate crisis and assisting communities in adapting to it. Here, we give qualifying institutions including all tiers of government, nonprofit organizations, for-profit companies, and others access to the financing opportunities that are currently offered. Here is a list of current open applications for climate financing possibilities and projects with other organizations.
The following may provide a combination of financing options, such as grants, loans, equity, and guarantees, to create bespoke solutions that address particular investment barriers.
Types of Funding
Grant Funding
A grant is a sum of money granted by an end entity grant—often a public body, charitable foundation, or specialized grant-making institution—to a person or another entity for a particular goal associated with the good of the public. Grants are not repaid like loans are.
Debt
Debt financing occurs when a firm raises money for working capital or capital expenditures by selling debt instruments to individuals and/or institutional investors.
Conditional Funding
Financial transfers between entities that include restrictions on how the receiver may utilize the cash are known as conditional funding.
2023 AVAILABLE GRANT FUNDING
Jamaica Social Investment Fund
Adaptation Fund
The Mitsubishi Corporation Foundation for the Americas – MCFA
To request funding for a community project, a completed application form or project proposal must be submitted to the JSIF.
With over US$ 850 million allocated, the Adaptation Fund gives developing countries full ownership of adaptation projects, from planning through implementation, while ensuring monitoring and transparency at every step.
The Mitsubishi Corporation Foundation for the Americas (MCFA) based in New York City, was established in 1991 by the Mitsubishi Corporation of Japan and its U.S.-based subsidiary. MCFA supports a wide range of projects in the field of biodiversity conservation, sustainable development, environmental justice and environmental education.
Grants.gov
Svalbard Science Forum – SFF
Blue Action Fund – BAF
US Federal funding opportunities published on Grants.gov are for organizations and entities supporting the development and management of government-funded programs, many of which support collaborative work in the Caribbean.
The Svalbard Science Forum (SSF) facilitates research delivery in one of the world’s most attractive destinations for polar and climate research. The SSF’s objective is to increase the quality of scientific research by coordinating research activities and strengthening collaboration between individual researchers and research institutions in Svalbard. The SSF is coordinated by the Research Council of Norway.
Blue Action Fund (BAF) is a conservation trust fund established in 2017 by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the KfW Development Bank. Since its foundation, four other governments have financed the Fund (Sweden, France, Norway, Ireland) making BAF one of the world’s leading public donors promoting environmental protection, sustainable livelihoods, and biodiversity conservation in the most sensitive coastal communities of the planet.
Commonwealth Foundation Grants
Development Innovation Ventures
Eastern Caribbean Greenpreneurs
As one of the three intergovernmental pillars of the Commonwealth, the Foundation operates within that critical space between government and the people. The Foundation works to bring the voice of civil society into all aspects of governance, supporting civil society engagement in shaping the policies and decisions that affect people’s lives.
Development Innovation Ventures (DIV) is USAID’s open innovation program that funds breakthrough solutions to the world’s toughest development challenges. By funding innovation and focusing on rigorous evidence, DIV impacts millions of lives at a fraction of the usual cost. DIV Portal website.
The Eastern Caribbean Greenpreneurs is a 3-year project implemented by the Global Green Growth Institute (GGGI) and the Organization of Eastern Caribbean States (OECS), and funded by the Qatar Fund for Development (QFFD). The program will offer incubation and accelerator programs, including virtual courses, a mentorship program, in-person events, and networking opportunities in 6 OECS member states. Grant seed funding of $10,000 up to $50,000 as well as a structured program for providing links with investors.
Catalytic Climate Finance Facility (CC Facility)
Planting Seeds Caribbean
The Iris Project
The Catalytic Climate Finance Facility (CC Facility) is focused on scaling sustainable climate finance by providing market acceleration services to early-stage and market-ready blended financial vehicles in under-financed sectors in developing countries.
The Planting Seeds mission is “To provide a platform for entrepreneurship development in the Caribbean that educates and inspires individuals to innovate and exercise their full potential”. Apply at plantingseedscaribbean.com and pitch to the design panel WIN Grant Funding, Media Opportunities & Advertising
The Iris Project is run in collaboration with Global Greengrants Fund, and has been established in memory of Iris Goldsmith. They recognise that young people are already leading the way in finding solutions to the climate and ecological crisis. The Iris Project exists to shine a light on that leadership, and to enable outstanding individuals to take it further by providing access to the funds and support that, all too often, they find too difficult to access.
Blue-Green Digital Innovation Challenge
The Government of Grenada with the support of the United Nations Development Programme (UNDP) Barbados and the Eastern Caribbean and the Food and Agriculture Organization of the United Nations (FAO) Regional Office for Latin America and the Caribbean, launched the Blue-Green Digital Innovation Challenge on May 18, 2023. This digital challenge and call for proposals will award grant funding to Micro, Small and Medium Sized Enterprises (MSMEs) across the tri-island state with up to a maximum of US $30,000 to implement an innovative and/or digital solution into their operation.
Regional GCF Accredited Entities
Accredited Entities collaborate with the Green Climate Fund, GCF, to implement initiatives that turn ideas into action. They collaborate with governments to develop project concepts and submit financing proposals to the GCF Board for approval. Accredited Entities perform a variety of tasks, the most common of which are the formulation of financing bids and the management and monitoring of projects and programs. Countries can receive GCF resources through many entities at the same time.
The list of GCF Accredited entities with operations in the region are as follows:
- Caribbean Community Climate Change Center (CCCCC)
- Caribbean Development Bank (CDB)
- Central American Bank for Economic Integration (CABEI)
- Department of Environment, Ministry of Health and Environment, Government of Antigua and Barbuda
- IDB Invest
- Inter-American Development Bank
- International Bank for Reconstruction and Development and International Development Association (World Bank)
- Jamaica Social Investment Fund
- United Nations Development Programme (UNDP)
- United Nations Environment Programme World Food Programme UNEP
- World Food Programme
