Impact Funding Resources
This RFP seeks to identify and support initiatives that research, test, pilot, and implement approaches to unlock and catalyze public and private investment in adaptation and resilience, including building resilience to extreme heat, in Sub-Saharan Africa, South Asia, and Southeast Asia. The fund focuses on innovative financial mechanisms including community-based financial tools and novel insurance instruments for urban climate resilience.
End Date19 Sep 2025 Funding AmountUpto USD 1mn Funding Resource TypeGrant
Funding ProviderClimateWorks Foundation
Grant
ClimateWorks Foundation
• Must be legally registered organization able to receive grant funding from the U.S.
• Must operate in lower-, lower-middle-, and middle-income countries in Sub-Saharan Africa, South Asia, and Southeast Asia
• Must be local organization or partner with local organizations
• Must address climate vulnerabilities in urban geographical settings, especially urban informal settlements
• Must demonstrate clear potential to enhance climate resilience and reduce exposure to extreme heat
• Projects should demonstrate strategy for scale or replication
• Must show strong readiness to implement work in timely manner
• Should include partnerships with institutions, government, and other critical entities
• Co-funding sources preferred
Innovative Finance Strategies Sought:
1. Insurance-based solutions:
• Community-based parametric insurance
• Insurance-linked resilience bonds (ILRBs)
2. Debt-based solutions:
• Municipal debt swaps
• Resilience bonds/heat bonds
• Debt pause clauses (climate resilient debt clauses)
• Contingent recoverable bonds
3. Social protection mechanisms:
• Climate-responsive social protections
• Targeted climate-responsive financial inclusion programs
• Early warning systems linked with financing for response measures
4. Other financial initiatives:
• Approaches addressing climate impacts on sovereign credit ratings
• Microfinance for adaptation
• Fiscal approaches (city taxes supporting adaptation funds)
