SOUTH AFRICA: CFA launches call for low-carbon projects

As part of the Climate Finance Accelerator (CFA) programme, the British High Commission in South Africa is launching a call for low-carbon projects that contribute to climate change mitigation and finance. The call for contributions is open until 12 August 2022.

Good news for climate change resilience and adaptation project developers in South Africa. They have the opportunity to participate in the Climate Finance Accelerator (CFA). This programme is at the heart of a call for projects recently launched by the British High Commission in Pretoria. The ultimate goal is to support South Africa’s transition to a carbon-neutral economy by 2050.

The CFA will support projects that are “at least at the pre-feasibility stage and require at least $4 million of investment,” says the British diplomatic representation in South Africa. The call for proposals targets projects in several key areas, including energy, water, smart agriculture, clean transport, waste, forestry and the circular economy. At the end of the process, the CFA will select 10 projects.

In South Africa, “the CFA is committed to building partnerships between local climate-smart project developers, the financial community and policy makers to help low-carbon projects that need investment access it. Without this kind of support, innovative projects may not find the investment they need to make a meaningful contribution to the climate emergency,” says Antony Phillipson, the UK High Commissioner to South Africa.

Successful projects in the CFA’s call for expressions of interest will receive advice and support from technical and financial experts “to help them connect with investors”. The call for contributions is open until 12 August 2022. For the record, the CFA programme is funded by the UK Department for Business, Energy and Industrial Strategy, and implemented in South Africa by the National Business Initiative (NBI) and GreenCape.

For more information on the call for papers, click here.

Jean Marie Takouleu   | https://www.afrik21.africa/