Climate Finance Accelerator (CFA)

The Climate Finance Accelerator (CFA) is a £12 million technical assistance programme funded by International Climate Finance (ICF), through the UK government’s Department for Energy Security and Net Zero (DESNZ).

The CFA is part of the UK’s efforts to support climate action at scale by providing practical ways to help governments in middle income countries finance and deliver their climate commitments under the Paris Agreement.

The CFA works with middle-income countries to help them achieve their national climate plans and Nationally Determined Contributions (NDCs), from the bottom up. It does this by helping to identify challenges and blockages that prevent finance from flowing at the volume and speed required to have a meaningful impact on their climate ambitions.

By bringing together project developers, finance providers (including experts from the City of London) and policymakers, the CFA seeks to enable a collaborative approach to unlocking a steady flow of funding for climate projects at scale and create a pipeline of ‘investment ready’ low carbon projects, thereby strengthening countries’ ambitions to limit global warming to 1.5°C. The programme will have several co-benefits, such as supporting green recovery efforts from COVID-19 through inclusive approaches to sustainable development, improved gender equality, and building resilience to climate impacts.