The IFC-Canada Climate Change Program

The IFC-Canada Climate Change Program (IFC-CCCP)established in March 2011, is a partnership between the Government of Canada  and IFC to promote private sector financing for clean energy and climate adaptation projects to catalyze investments in low-carbon technologies. The government of Canada contributed a total of 351.8 million Canadian dollars of which CA$75.0 million was allocated for the IFC Catalyst Fund, an investment in private equity funds, platform companies, and co-investments focused on providing capital to renewable energy projects and to companies that develop resource efficient, low-carbon products and services in emerging markets. The remaining CA$276.8 million constitutes the IFC-CCCP program, of which  CA$271 million of concessional funds was dedicated to support investment projects and a CA$5.8 million grant was dedicated to support advisory services and technical assistance projects. The IFC-CCCP has yielded 24 investments in 19 countries, in addition to 20 advisory services projects in 11 countries to build local capacity, fill market information gaps, and improve regulatory environments.

Priority Areas

The investment portion of the Program funds were invested on concessional terms and blended alongside IFC’s own funds to enable climate investments into renewable energy, sustainable energy lending, energy efficiency improvements and other innovative, low-carbon projects in developing markets.

The investment period of the IFC-Canada Climate Change Program ended in 2018. The IFC-Canada partnership on climate grew from the IFC-Canada Climate Change Program to include two newer programs that aim to mobilize private capital to support transformative projects and accelerate global climate action: the Canada-IFC Blended Climate Finance Program and the Canada-IFC Renewable Energy Program for Africa.