The CTCN and the Adaptation Fund has announced the launch of a new US$ 10 million pilot innovation programme during the COP 25 UN climate conference in Madrid.
The new programme will foster innovation in adaptation in developing countries, and will target a broad range of potential finance recipients, including non-governmental organizations, community groups, young innovators and the private sector.
“Adaptation solutions are instrumental to building resilient, sustainable societies, yet adaptation innovators, including youth, often struggle to find the necessary support to incubate and scale up such solutions. The CTCN is therefore pleased to build upon our existing collaboration with the Adaptation Fund to administer their new innovation small-grants programme,” said Dr. Rose Mwebaza, Director of the Climate Technology Centre & Network (CTCN).
Two of the Fund’s accredited multilateral implementing entities, UN Environment Programme (UNEP) in conjunction with the Climate Technology Centre and Network (CTCN) and the United Nations Development Programme (UNDP), will administrate US$ 5 million to aggregate about 45 small grants (up to US$ 250,000 each).
The new innovation programme will provide special financing opportunities to support innovation for adaptation to developing countries that do not yet have NIEs, as well as the private sector. CTCN will act as small grant aggregator for innovation, making grants available to a broad scope of stakeholders on a competitive basis.
“We need to stand up and take action, and young people are doing it. We have the innovation and solutions", mentioned Elizabeth Wanjiru, the founder of Green Generation Initiative Kenya.
The new programme adds a new financing opportunity for the most vulnerable communities under the Fund’s overall Innovation Facility, which includes a recently launched separate innovation grant funding window that is available to accredited national implementing entities (NIEs) under the Fund’s pioneering Direct Access modality that builds country ownership in adaptation.