Programme for the
Environment (CAPE)
17:00 EAT
investment
Catalysing investment in nature-based carbon projects
Empowering High-Integrity and and High-Impact, Nature-Based Projects Across Africa
Launched by FSD Africa in partnership with Finance Earth and the African Natural Capital Alliance (ANCA), CAPE is a pioneering initiative designed to catalyse investment into high-integrity and high impact nature-based carbon and biodiversity projects across Africa.
With over 62% of its GDP highly or moderately dependent on natural capital, Africa is highly exposed to climate change and biodiversity loss yet this natural capital faces unsustainable depletion rates. There are currently low levels of investment flowing into nature-based carbon and biodiversity projects with a global annual funding gap of £32.5 billion.
CAPE addresses two critical challenges: the lack of equitable investment flows into projects that tackle climate change, address biodiversity loss, and empower local communities; and the need to build confidence in Africa’s nature-based markets.
CAPE is dedicated to addressing these through targeted support that advances the development of nature-based solutions with benefits for carbon reduction, biodiversity, and local communities. Through grants (returnable and non-returnable), CAPE will provide project development and transaction advisory services to high-impact and high-integrity nature-based projects to develop them to financial close.
Project Development Support
Support will be focused on technical project development to make investment feasible, including:
- Guidance on MRV techniques for carbon and biodiversity outcomes.
- Developing jurisdiction-specific PDDs.
- Creating benefit sharing frameworks.
- Developing biodiversity studies.
- Due diligence assessments.
Transaction Advisory Services
Support will be centred on getting projects to a financial close, including:
- Creating materials for commercial viability (e.g., financial models, pitch decks, business plans).
- Identifying and engaging with investors.
- Managing investor outreach.
- Building data rooms.
- Modelling and structuring investment terms.
- • Supporting project-specific credit ratings.
How CAPE works
By fostering high-quality projects, CAPE seeks to strengthen confidence in African nature-based markets, paving the way for sustainable investment flows.
Initial Assessment
Development & Advisory Support
Investment Readiness
Eligibility Criteria
CAPE prioritises projects that include carbon, biodiversity and social impacts. In addition, CAPE is seeking projects that can show clear pathways to financial viability, evidence of buyer demand, are scalable and/or replicable, can prove adherence to high-standard validation, and are located in an enabling jurisdiction for nature-based initiatives. Projects considered for CAPE will demonstrate:
Location
Project Type
Development Stage
Submit your EOI by Wednesday 27th November 2024 at 17:00 EAT
Eligible projects are invited to submit an Expression of Interest (EOI). Applications for the first round of CAPE opened November 6th, and will close November 27th 2024. Longlisted projects will be requested to provide additional information to support CAPE’s screening process.
Wind Power that Works for You
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In February 2025, up to 5 projects will be selected for CAPE,
with support delivered between April 2025 and March 2026.
Applications for CAPE close.
Deadline for additional information
Interviews completed and shortlisted projects agreed
Finalisation of service requirements with shortlisted projects
Nairobi workshop and commencement of service delivery
Completion of Project Development and Transaction Advisory service support
Our partners
CAPE’s mission is strengthened by the expertise and collaboration of our founding partners:
A specialist development agency, established in 2012 by the UK Government, working to make finance work for Africa’s future. On the ground in over 30 countries to mobilise “green plus” finance that will power economic and social development while delivering environmental gains and building Africa’s resilience. FSD Africa work on policy and regulatory reform, capacity strengthening and improving financial infrastructure, and addressing systemic challenges in Africa’s financial markets to spark large-scale and long-term change.
An African-led collaborative multi-stakeholder initiative, acting as the vehicle to drive coordinated nature-related advocacy and action across the continent. ANCA was established in 2022 by FSD Africa out of a need to ensure an African Voice on the global nature agenda. With growing global interest in nature, including in the development of nature-related risk frameworks and standards, there is an urgent need to ensure these emerging approaches can be applied to an African context.
A mission-driven social enterprise, working in partnership with world leading environmental organisations to protect and restore nature utilising market-based mechanisms and implementing bespoke financial tools. Finance Earth helps create projects – and the investment vehicles to fund them – that balance positive outcomes for nature, communities, and investors. Finance Earth provides regulated financial advisory and fund management services focused on scaling high-integrity, high impact conservation investment to close the global biodiversity funding gap.
Introductory Webinar
Resources and Insights
Please revisit this page periodically for updates.
Our Projects
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