International Development Grant

Gender-Responsive Climate Finance Design Funding Window

Project Number: CA-3-P009097001

Status: Operational

Country/Region: Unknown

Regional Focus:

North of Sahara 5%
South of Sahara 50%
West Indies 5%
North and Central America 5%
South America 10%
Asia 20%
Oceania 5%

Maximum Contribution: $4,948,903.00

Start Date: March 29, 2021

End Date: June 30, 2026

Duration: 5.3 years

Project Description

This project aims to increase capital mobilization for the Sustainable Development Goals and build a pipeline of gender-responsive climate finance solutions. As part of Canada’s $2.65 billion climate finance commitment Global Affairs Canada partnered with Convergence Blended Finance Inc. to provide design-stage funding to practitioners developing blended finance solutions focused on climate change and gender equality. This project supports one of the following two types of funding: 1) a feasibility study to explore the feasibility of the blended finance vehicle including assessing bankability conducting market scoping and determining the structure; and 2) a proof-of-concept study to complete all design and structuring activities to launch the blended finance vehicle. Convergence synthesizes and disseminates lessons learned on designing gender-responsive climate finance solutions with the wider development community.

Expected Results

The expected outcome for this project is the enhanced development of gender-responsive climate finance solutions by practitioners involved in climate change mitigation and adaptation.

Progress & Results Achieved

Results achieved as of March 2023 include: (1) launched two funding calls for applications for the design of gender-responsive climate blended finance for climate change mitigation and adaptation; (2) awarded a design funding grant to the Gigaton Empowerment Fund by Mirova SunFunder Inc. This climate mitigation fund aims to apply a gender lens across investments in the clean energy sector in emerging markets; (3) awarded a design funding grant to Beyond Finance Asia Pacific Facility by Beyond Finance Consulting Limited. This fund supports climate mitigation and adaptation initiatives that invest in companies providing products or services that empower women. It also supports similar initiatives led by women in Asia-Pacific and Africa in Sustainable Agriculture Water and Sanitation and Clean Energy; (4) awarded a design funding grant to the Climate Resilience Collective by Haqdarshak Empowerment Solutions Private Limited. This fund supports a climate mitigation and adaptation initiative in Sustainable Agriculture in South Asia. As well it supports women’s empowerment by training local women to become field agents thus offering them a source of livelihood; and (5) received the participation of over 260 people in virtual project events and webinars that included Design Funding 101 and Webinar on Insights for Applicants.

Key Information

Executing Agency:
Convergence Blended Finance Inc.

Reporting Organization:
Global Affairs Canada

Program:
YFMInternaAssistPartnershp&Programing Br

Last Modified:
September 19, 2025

Development Classifications

DAC Sector:

Women's rights organisations and movements and government institutions 15%
Energy conservation and demand-side efficiency 10%
Energy generation renewable sources - multiple technologies 10%
Financial policy and administrative management 10%
Responsible Business Conduct 15%
Agricultural development 15%
Forestry development 10%
Multisector aid 15%

Aid Type: Project-type interventions

Collaboration: Bilateral

Finance Type: Aid grant excluding debt reorganisation

Selection Mechanism:
Department-Initiated

Policy Markers
Level 2 Gender equality
Level 2 Environmental sustainability (cross-cutting)
Level 2 Climate change mitigation
Level 2 Climate Change Adaptation
Major Funding (>$1M)
Budget Breakdown
2020-04-01 to 2021-03-31 $4,948,903 CAD
Geographic Information
000
Project Number: CA-3-P009097001