Deadline: 8 March 2024
Applicants must provide services or products that contribute to poverty alleviation, gender equity and economic growth in one of the following sub-sectors: climate-smart agriculture, food loss and waste, water resilience, zero emission mobility and renewable energy. P4G will provide grant funding and technical assistance to help the early-stage business in the partnership become investment ready.
P4G’s work is aimed at:
- Preparing early-stage climate entrepreneurs for investment readiness.
- Working with National Platforms to improve enabling systems by addressing regulatory and policy issues pertinent to the business model.
- Disseminating relevant sectoral, partnership or programme related knowledge as examples for sectoral and business learnings.
- Thereby attracting more private sector climate investment and finance into that sector and country.
- Grants: Partnerships will receive non-returnable grants of USD 350,000 on average (grants will range from USD 100,000 to USD 500,000) to implement in a period between 18-24 months. These non-returnable grants will be made to NGOs as the prime grantee with a sub-contract to the early-stage business partner.
- Technical Assistance includes:
- Investment due diligence and gap analysis of partnership business models;
- political engagement for contributing to enabling systems;
- business matchmaking sessions;
- knowledge mobilization and communication; and
- introductions to intermediary investment facilities by DFIs and other similar actors providing a finance bridge to scale partnership operations.
- Knowledge Sharing is an important objective of P4G’s work. All partnerships should be prepared to participate in the following activities:
- knowledge sharing of partnerships’ lessons learned and successes to relevant public and private-sector stakeholders and through P4G’s communications channels;
- focused engagements with NP networks in-country; and
- sharing lessons learned at global events such as the P4G Summit, United Nations General Assembly (UNGA) and Conference of Parties (COP) to influence in-country transitions in P4G countries and beyond.
Sectors and Countries
- All partnership activities funded by P4G must take place within P4G partner ODA-eligible countries, which, as of the publication of these guidelines, includes Colombia, Ethiopia, Indonesia, Kenya, South Africa and Vietnam. The partnership may also implement solutions in other ODA-eligible countries, but these activities cannot be funded by P4G.
- The partnership’s climate business must be working in one of the areas of climate mitigation, adaptation and resilience by providing services or products in the areas of climate smart agriculture, food loss and waste, water resilience, zero emissions mobility and renewable energy.
- Partnership commitment: Comprise at least one early-stage climate business and one NGO administrative partner
- Experience and track record: Demonstrate across their partners country, sectoral, policy & regulatory environment, business, financial, social, environmental development and grant management knowledge, skills and expertise
- Sector and countries: Implement in P4G’s ODA-eligible partner countries and focus sub-sectors including climate smart agriculture, food loss and waste, water resilience, zero emissions mobility and renewable energy
- Investability: Be at the seed or post-seed financing stage with a robust business plan and a defined path to commercialization or raise capital
- Enabling system: Possess a clear understanding of policy, legal/regulatory frameworks in the country of implementation
- Additionality: Climate business solution is innovative in that it is substantially improved when compared to the state of the art in that industry and in the relevant country of operation
- Impact: Show climate, economic growth, poverty reduction, gender and development impact
- Budget: Include cost share of at least 30%, that is not in-kind and must meet mandatory activities and budget line items
- Responsible business conduct: Not have activities that are in P4G’s exclusion list and must either demonstrate their ESG plan or include a plan to develop one
- Due diligence: The two lead institutions demonstrate the ability to meet organizational due diligence requirements.
For more information, visit P4G Partnering for Green Growth and the Global Goals.