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Home Gold News Commonwealth Initiative Boosts Developing Nations’ Access to Climate Finance

Commonwealth Initiative Boosts Developing Nations’ Access to Climate Finance

by anna

Accessing international climate finance remains a critical but challenging goal for many developing nations seeking to implement climate adaptation and mitigation initiatives. Despite the growing urgency of climate action, a key barrier persists: the capacity to develop robust, fundable project proposals that meet the stringent criteria set by global financing institutions.

To address this, the Commonwealth Climate Finance Access Hub (CCFAH) has ramped up efforts to strengthen the ability of partner countries to design effective proposals and secure funding.

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Bridging the Capacity Gap

Designing successful climate finance proposals requires more than compelling ideas. Proposals must include a strong climate rationale, a clear theory of change, and alignment with both national strategies and international funding requirements. However, governments and institutions often face obstacles such as limited technical expertise, lack of data, and difficulty structuring financial mechanisms.

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To overcome these hurdles, CCFAH has been spearheading targeted capacity-building efforts. Its approach includes practical initiatives such as “write-shops” and technical training sessions, aimed at helping policymakers, researchers, and project developers translate climate ambitions into viable funding applications.

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Rather than focusing solely on theory, these sessions guide participants through real-world exercises — from conceptualization to final proposal draft — fostering hands-on learning and inter-agency collaboration.

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Training for Impact

Over the past decade, CCFAH has trained more than 3,200 officials, experts, and young professionals across the Commonwealth. One recent initiative in Sri Lanka showcased the effectiveness of this model.

In partnership with the National Designated Authority (NDA), CCFAH organized a write-shop that convened more than 30 stakeholders from Sri Lanka’s Project Development Working Group (PDWG). Participants included representatives from government bodies, academia, NGOs, and the private sector — all actively involved in climate project development and finance.

The workshop provided participants with practical tools for preparing proposals to the Green Climate Fund (GCF), the world’s largest climate finance mechanism. Training emphasized essential components such as gender mainstreaming and social inclusion, ensuring proposals are both technically sound and socially responsive.

Voices from the Field

Participants have underscored the value of these sessions. A representative from Sri Lanka’s Department of Forest Conservation noted that such training not only strengthens institutional capacity but also promotes cross-sector collaboration — a key factor in successful climate project formulation.

Looking Ahead

As CCFAH marks its tenth anniversary, the organisation remains committed to supporting Commonwealth countries in navigating the evolving and increasingly complex climate finance landscape — especially in the wake of COP29.

With demand for climate funding on the rise, continued investment in capacity-building will be essential. Empowering nations to craft high-quality, fundable proposals is vital to converting climate goals into tangible, sustainable development outcomes.

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