The international fund’s new Private Sector Facility is looking for project proposals by August in energy, transport, forests and land use, and city infrastructure.
Invited to “Pitch for the Planet” are “high impact projects and programs that mobilize private sector investment in climate change activity at scale.”
The RFP says investments can come as equity, debt, grants or guarantees. The fund, established in 2010, has been criticized for being slow to disburse funding. Last year it ramped up its efforts and now says it has approved $2.2 billion in 60 countries.
Green Climate Fund was a key part of the 2015 Paris Climate Agreement, with the U.S. pledging $3 billion to the planned $10 billion fund.
Before leaving office, the Obama Administration expedited the first $1 billion.