Why? Public climate finance includes the climate funds such as the Green Climate Fund, the Adaptation Fund or the Green Environmental Facility as well as the climate activities of international finance institutions. These resources can help institutions to both seek out new investment opportunities and increase the impact of their investments by developing and/or financing transformational projects and programs.
How? To access climate finance of IFIs, financial institutions may contact IFIs on a bilateral basis or aim to benefit from financing through a facility. To access climate finance from climate funds, they can either submit funding proposals through an accredited entity or gain “direct access” by becoming an accredited entity to these funds. The requirements and criteria as well as reporting requirements vary.