Catalytic Climate Finance Facility awards USD 2 million to new cohort of blended finance vehicles - CPI.
The CC Facility portfolio of financial vehicles spans climate-resilient agriculture, marine conservation, and renewable energy.
It targets one of the main barriers to scaling a climate blended finance vehicle: the acceleration stage, when solutions face a critical valley of death as they try to scale to broader market implementation.
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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.