The Call for Applications is one of the new climate and climate-focused investment initiatives DFC is working on in support of President Biden’s Executive Order on tackling the Climate Crisis at the United States of America and Abroad. DFC’s investment will enable developing countries reduce emissions, build up renewable energy usage, safeguard ecosystems as well enhance resistance. Climate change negatively affects health and productivity, food production and crucial infrastructure worldwide. People living in developing countries are the most vulnerable to the effects of climate change. Due to the climate changes experienced in the developing countries, DFC purposes to recognize opportunities to mobilize private sector investment in innovative and impactful solutions to climate change. In this way DFC will be involved in assisting developing countries boost their resilience to climate changes. The effects from climate change alongside with the health and economic impacts from COVID 19, have the capability to reverse meaningful economic gains made in developing countries over the past numerous decades. DFC is making use of its financial tools to enable increased private sector investment that addresses climate change and drives focused investment in developing countries. The Call for Applications is an action that DFC is taking to leverage its toolkit to support climate action in emerging markets. DFC has committed itself to enabling developing countries alleviate and adapt to the impacts to the climate change while endorsing economic growth. The eligible funds are meant to advance strategies targeting climate mitigation, adaptation and resiliency including renewable energy, energy effectiveness ,sustainable forestry, climate-resilient infrastructure-mobility ,technology to reduce carbon, battery storage ,smart infrastructure, agriculture diversification and technology enabled climate mitigation and adaptation solutions in DFC-eligible countries. DFC is targeting funds with a total capitalization of $100m or more inclusive of the DFC commitment. As determined by DFC, the investment amount may range from$10m to $400m in equity or debt financing but will also be limited to not more than 20% of a fund’s total capitalization. On the DFC’s website, captivated fund managers can apply for an investment using the direction for submission. DFC will analyze the proposals on a rolling basis and as well continue to collect submissions indefinitely. The opportunities will be evaluated as part of a rigorous evaluation process upon the discretion of DFC.
