The Global Innovation Lab for Climate Finance provided conditional grants to five organizations that have designed vehicles to unlock climate financing in emerging markets. The awards are the first from the Lab’s pre-seed capital facility, launched last year to help promising climate finance ideas move from design to implementation.
Growth Next Generation Agriculture, or GAN, aims to help Brazil transition to more sustainable agriculture by supporting small producers and sellers of bio-based crop treatments and farm inputs. GAN securitizes the revenues from producers’ sales contracts, via Agribusiness Receivables Certificates, to help them raise capital. The certificates are gaining traction as a fundraising tool for other sustainable agriculture fund managers and businesses in Brazil, including Kawa Fund, which works in cocoa production, and Grupo Gaia, which fundraises for rural cooperatives.
Resilient Municipal Market Fund, or ReMark, is ushering more capital to adaptation initiatives in Africa’s food system by helping urban food markets secure local currency and concessional debt as well as technical assistance to make climate-resilient upgrades, improve business operations, and reduce food waste.
CoolPact Capital in India is a blended-finance fund for early stage businesses developing and distributing cooling and refrigeration technologies with lower environmental impact.
In Mexico, Regenera Ventures is nurturing the transition to regenerative agriculture by providing redeemable equity to farmers and landowners restoring degraded land.
Structured Finance for Nature is issuing green bonds for conservation and carbon projects in Southeast Asia.
The Lab’s pre-seed capital facility offers grants of up to $250,000 that are disbursed as recipients achieve specified milestones.
发表回复