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The Climate Finance Access Network (CFAN) is an agile, demand-driven initiative that offers practical and actionable solutions to developing countries facing capacity constraints in accessing climate finance. It aims to unlock and accelerate climate finance at scale by deploying highly trained climate finance advisors to supplement capacity in developing countries’ governments and direct access entities. These embedded advisors work to develop high-quality projects and to build lasting national capacity that will ultimately maximize adaptation and mitigation outcomes.
Despite international commitments to increase climate finance flows to the most vulnerable countries, Small Island Developing States and least developed countries struggle to access critical funds. There is an urgent need to improve the way climate finance is accessed and delivered, particularly to the most vulnerable and capacity-constrained countries. Although the volume of climate finance flowing from developed to developing countries has increased, the system for accessing that finance has become highly complex. Most small or low-income countries lack sufficient capacity to navigate the system, resulting in a climate finance bottleneck that is mutually frustrating for those providing finance as well as those trying to access it. CFAN addresses those barriers by placing advisors highly trained in project design and financial structuring directly within host ministries.
The CFAN global network brings together developing countries, donors, institutions, and regional and international organizations. To ensure additionality and reduce costs, CFAN partners with existing initiatives and organizations experienced in building in-country climate finance capacity. Partnering with countries and regional Direct Access Entities, CFAN jointly identifies priority climate projects aligned with countries’ international and national climate targets, then hires, trains, and embeds climate finance advisors, ensuring that they can support where their expertise is needed most.
CFAN provides ongoing technical support to advisors while also building long-term capacity on the ground through in-country trainings for civil servants. RMI serves as network coordinator, building on and enhancing the impact of existing climate finance initiatives.
Since 2022, CFAN advisors across the Pacific and Caribbean have built up a global project pipeline representing US$2 billion.
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