The European Climate Foundation (ECF) is pleased to announce the launch of the Climate Finance Fund (CFF), a new independent philanthropic platform to help mobilize capital to drive solutions to the climate crisis.
The platform aims to drive change by supporting innovative finance and the systemic decarbonization of capital. CFF focuses on China, the European Union, and the United States, and on capital allocators across the supply chain: consumers, small and medium-sized enterprises, large non-financial corporations, and banks and asset managers. CFF also provides expertise to market rule makers, like financial regulators, on climate and clean energy finance. There are two pillars of the work: innovative finance and the systemic decarbonization of capital.
Launched on 15 September 2021, CFF is supported by the William and Flora Hewlett Foundation and housed at the European Climate Foundation.
The Climate Finance Fund is led by Marilyn Waite, developer of the Hewlett Foundation’s climate finance strategy, with a goal of being even more nimble and responsive to the rapidly changing dynamics of the financial market.
The Hewlett Foundation will now allocate its funding for climate finance to the Climate Finance Fund rather than making grants directly to the field in this area. Organizations interested in climate finance funding should directly apply to the Climate Finance Fund at the European Climate Foundation.