Adaptation Challenge Fund

Description

1) Objective

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is calling for innovative solutions to promote adaptation through Climate Risk Finance based solutions to enhance the resilience of vulnerable communities to climate change. The Adaptation Challenge Fund aspires to nurture ideas that will transform capacities of communities towards climate change and its impacts.

The Adaptation Challenge Fund under the umbrella of GIZ’s Strengthening Climate Adaptation and Resilience (SAR) project is designed to meet the following objectives:

• To support the implementation of innovative financial instruments for adaptation and risk management to help vulnerable communities become more resilient to climate change
• To increase financial empowerment of communities that are particularly vulnerable to climate change by providing them with access to financial resources to implement adaptation measures
• To provide an opportunity for smaller organizations to test and pilot innovative instruments, contributing to building evidence around effective financial instruments for climate adaptation
• To develop capacities of individuals and organizations around adaptation to climate change, financial instruments and resilience.

2) Eligibility

A social enterprise can apply however they can only apply in partnership with a CSO.

3) Location

Actions must take place in Pakistan.

4) Budget

The grant amounts are not fixed and depend upon the need. However, the maximum amount per grant can be EUR 70,000.

5) Application

Deadline for submission is 24 July 2023.