CATALI.5°T Initiative: Concerted Action To Accelerate Local I.5° Technologies – Latin America and West Africa

  • Mitigation
  • Under implementation
Date approved
20 Oct 2022
Est. completion
22 Sep 2029
ESS Category
Intermediation 2
Financing
Private sector
Entity
Deutsche Gesellschaft fuer Internationale Zusammenarbeit (GIZ) GmbH

Overview

The CATALI.5°T (pronounced “catalyst”) Initiative will establish funding support for climate start-ups and other micro and small enterprises in Latin America and West Africa. Collectively known as ‘climate ventures’, these enterprises are well placed to make a difference in delivering climate action by demonstrating market feasibility of innovative, low emission technologies, and business models. The objective of each regional CATALI.5°T is to trigger investments in start-ups and young businesses with the highest climate mitigation impact and business growth potential. 

This programme will address the nascent sector’s limited technical capabilities and support networks, the lack of ‘industry standard’ tools and frameworks, and the mismatch between the current capacities of climate ventures and what’s needed for them to successfully access venture capitalist (VC) finance. The CATALI.5°T hubs will foster an enabling environment and provide capacity building support to local NDAs and government stakeholders, pre-accelerators, accelerators, entrepreneur support organizations, VC firms, and other venture investors.

Result areas

Project timeline

  • Pipeline

    1,210 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    338 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    998 days so far

    • FAA effective

  • To be completed

    1,195 days to go

    Not started

  • Total project value $ 42.5 million

  • Tonnes of CO2 equivalent avoided 3.8 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 42.5 million

Show details

GCF-financing

86% disbursed

  • Grant USD 31,247,327
  • Total GCF-financing USD 31,247,327

Co-financing

  • Grant USD 11,292,726.09
  • Total co-financing USD 11,292,726.09

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