The IFC-Canada Climate Change Program (IFC-CCCP or “the Program”), established in March 2011, is a partnership between the Government of Canada (GoC) and the IFC to promote private sector financing for clean energy and climate adaptation projects to catalyze investments in low-carbon technologies. The GoC contributed a total of CA$351.8 million of which CA$345.9 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 26 investments in 20 countries, in addition to 20 advisory services projects in 11 countries.
The investment portion of the Program funds were invested on concessional terms and blended alongside IFC’s own funds to enable climate change 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.