This year, the Dutch Fund for Climate and Development (DFCD) has launched the Scalable Climate Solutions Challenge. With the aim of finding scalable climate projects in Bangladesh, Kenya and Uganda.
In total 118 businesses applied and participated in this challenge, with only one proposal per country being selected. At COP26 the final top 3 projects will be introduced to the world. Each of the top 3 businesses will do their very best to convince a jury of experts, to allocate an additional €100.000 Consultation and Capacity Development grant.
Join us live at COP26 on Thursday 11 November when the challenge finalists will pitch their climate proposals to the audience online and in Glasgow (UK). During this event an expert panel will decide and announce which of the three finalists will receive the Consultation and Capacity Development grant to boost their climate impact!
The companies are SoKo Fresh (Kenya), Ispahani Agro (Bangladesh) and Mandulis Energy (Uganda). All three have been selected and approved by the DFCD Investment Committee according to the predefined challenge criteria. All will be receiving the allocated grant funding for their climate solutions and can expect larger investments in later stages.
The Expert Panelists
On Thursday 11 November, a team of experts from FMO, WWF, SNV and CFM will be examining the selected businesses and award one of them an additional €100.000 Consultation and Capacity Development grant to further boost the winning project.
The Expert panel consists of Jorim Schraven, Director Impact and ESG at FMO, Charlotte Floore, Project Manager DFCD at WWF, Tigere Muzenda, Regional Investment Officer, SSA for DFCD at SNV, and Andrew Johnstone, Director and chief executive officer at CFM.
Join us at The DFCD Scalable Climate Solutions Challenge on Thursday 11 November at 17:30 CET.
What is the DFCD?
The DFCD is a €160 million fund, founded by the The Dutch Ministry of Foreign Affairs to increase the resilience of communities and ecosystems most vulnerable to climate change. The DFCD forms an important additional instrument for the Dutch government’s efforts in contributing to the Paris Agreement and the Sustainable Development Goals (SDGs).
It has the ambition of attracting around €500 million in public and private funding. A pioneering consortium of FMO (the Dutch Entrepreneurial Development Bank), WWF (World Wide Fund for Nature), SNV (Foundation of Netherlands Volunteers) and CFM (Climate Fund Managers), is managing this fund.
About Climate Fund Managers
CFM is a leading blended finance fund manager dedicated to securing a sustainable future through investing across global emerging markets. CFM has a long-term vision to structure cutting edge financing facilities around thematic areas of climate change mitigation and adaptation, including renewable energy, water, sanitation and oceans, sustainable land use and sustainable cities. Established in 2015, CFM is a joint venture between the Dutch development bank FMO and Sanlam InfraWorks – part of the Sanlam Group of South Africa.