The Catalytic Climate Finance Facility (CC Facility) is a partnership between Convergence and the Climate Policy Initiative (CPI) to accelerate the implementation of high-impact, ready-to-scale financial structures.
It fills a market gap in mobilizing private capital for climate action in developing economies.
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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.