The Bill and Melinda Gates Foundation and other major donors are putting their money where their mouth is in an effort to help the world's poorest countries meet climate change goals.
The Climate Finance Facility, a joint initiative from the Gates Foundation, Canada's Department of Foreign Affairs, Australia's Department of Foreign Affairs and Trade, and the Climate Policy Initiative, is offering up to $5 million in grants to help create "market-ready blended climate finance structures" in developing countries, the Guardian reports.
The goal is to get $100 million in such financing by 2024, though the first round of funding ended in December with just over $13 million raised.
The second round is scheduled to open in September with a call for proposals until April 24, 2024, the New York Times reports.
The application window is April 3 to April 24, 2024, with a second round of funding set to open in September.
"As the CC Facility embarks on its second cycle, we are confident that our unique blend of grants and acceleration support services can catalyze the development of the next generation of climate finance vehicles," the managing director of the Climate Policy Initiative says in a statement.
Read the Entire Article
A customized collection of news from foundations from around the Web.
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.