Project profile — Blended Climate Finance Program

• Colombia (5.39%)
• Egypt (8.73%)
• India (3.04%)
• Jordan (5.13%)
• Cambodia (2.05%)
• Sri Lanka (1.57%)
• Mongolia (12.83%)
• Mexico (15.40%)
• Serbia (11.33%)
• Senegal (0.66%)
• Uzbekistan (19.00%)

• West Indies, regional (0.01%)
• South of Sahara, regional (11.78%)
• Developing countries, unspecified (3.08%)

• Water supply - large systems:
Water supply - large systems (14021) (2.56%)
Sanitation - large systems (14022) (2.57%)
Waste management/disposal (14050) (11.33%)
• Energy Generation, Renewable Resources: Energy conservation and demand-side efficiency (23183) (22.84%)
• Energy Generation And Supply: Solar energy for isolated grids and standalone systems (23231) (53.74%)
• Agricultural development:
Agricultural development (31120) (5.39%)
Agricultural financial services (31193) (1.57%)

• Climate change mitigation (principal objective)
• Gender equality (significant objective)
• Climate Change Adaptation (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)

This project supports the Blended Climate Finance Program, a partnership between the Government of Canada and the International Finance Corporation (IFC). It aims to support climate action by providing concessional financing to encourage the private sector to invest in climate mitigation and adaptation projects in developing countries that require concessional financing. The program focuses on areas such as solar energy generation, storage and distribution; waste management and energy production; energy-efficient buildings; sustainable industrial practices; green finance; and climate-smart agriculture. These initiatives help reduce greenhouse gas emissions and strengthen climate resilience.

The expected outcomes of this project include: (1) increased private sector financing and engagement across a broad range of climate mitigation and adaptation activities; and (2) increased market transformation supporting the transition to low-emission and climate-resilient economies.

Results achieved as of June 2024 include: (1) supported 18 investments across 16 countries; (2) reduced or avoided 187,516 tonnes of carbon dioxide equivalent emissions, the equivalent of taking approximately 40,800 gasoline passenger cars off the road for a year; (3) mobilized over USD 1 billion from the private sector; and (4) created 5,638 jobs.

• Proactive disclosure