Expanding access to climate financing

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The International Center for Climate Governance (ICCG) announced the opening of the fourth edition of its Best Climate Practices (BCP) contest, this year dedicated to the urgent goal of Expanding access to climate financing.
Finance is one of the key elements for driving climate action and implementation in 2016 and in the years ahead. The key upcoming challenge will be to efficiently match commitments and contributions with actual needs and plans on a local scale.
Even though on a global level the momentum is building up, climate finance will require further steps to trickle down effectively from the top to the base of the pyramid and reach those micro and small-scale entities, as well as the most vulnerable populations, that are often unable to access proper financial products and services.
Advances in technology, increasing global awareness and efforts are driving substantial progress worldwide. Creativity and innovation are essential for helping to develop alternative ways and best-suited tools to raise funds and bridge the gap between climate-related financial flows and those potential beneficiaries who need it most: individuals, micro-, small-and medium sized enterprises.
The Best Climate Practices contest 2016 will focus on ideas and projects designed to raise and drive financial support toward local, small-scale mitigation and adaptation actions and/or to increase inclusiveness and simplify access to climate finance (addressing, for example, investors’ risks, transparency, predictability, flexibility or accountability issues).

From March 15 until May 30 individuals or teams can submit existing projects or brand new ideas via the Best Climate Practices online platform.
The winner will receive a prize of €3000 to use on developing their project or idea.
Submissions will be assessed by an international Panel of experts and voted on by public online polls.

Download the BCP Call for Proposals 2016.
To find out more, please visit the BCP website

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