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News Article — September 12, 2022

Supporting Innovative Climate Solutions in West Africa and Latin America

In this article

https://www.ietp.com/en/conten...The massive challenges posed to societies around the world by climate change will require enormous efforts for mitigation and adaptation. It calls for innovative entrepreneurs to employ technologies to find opportunities to create a new, sustainable livelihood for millions of people.

The Concerted Action To Accelerate Local I.5° Technologies (CATALI.5°T) Initiative will establish and implement regional technical assistance and investment grant platforms that build a portfolio of early-stage climate ventures that support the transition into a renewable and regenerative economy in West Africa and Latin America.

The objective of each regional CATALI.5°T will be to trigger venture capital investments in start-ups and young businesses with the highest climate mitigation impact and business growth potential.

Each regional CATALI.5°T will provide support for:

(i) Climate ventures

(ii) Pre-accelerators, accelerators and entrepreneur support organizations (ESOs)

(iii) VC firms and other venture investors.

CATALI.5°T is an initiative proposed by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and co-financed by Green Climate Fund (GCF) and the Federal Ministry for Economic Cooperation and Development (BMZ).

In West Africa, the project will be implemented by Make-IT in Africa in collaboration with its local partners Investisseurs & Partenaires Entrepreneurs et Development (IPED) and Impact Hub Abidjan. The initiative is further supported by EIT Climate-KIC who will provide capacity building for ventures and ESOs on the impact assessment of climate solutions.

GCF seeks to ensure the greatest degree of transparency in all its activities through the effective dissemination of information to stakeholders and the public at large. In compliance with the GCF Information Disclosure Policy (IDP) Make-IT in Africa recognizes the need to ensure public access and stakeholder participation and discloses the following documents:

Gender Assessment (GA), available in ENSPFRAR
Gender Action Plan (GAP), available in ENSPFRAR
Environmental and Social Management Framework (ESMF), available in ENSPFRAR

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