The Carbon Accelerator Programme for the Environment (CAPE) provides project development support and transaction advisory services to accelerate high-integrity, nature-based carbon projects across Africa towards investment. CAPE is being delivered by FSD Africa in partnership with Finance Earth and the African Natural Capital Alliance (ANCA).
Expression of Interest Second Cohort
APPLICATIONS
ARE CLOSED
The first cohort of CAPE is already underway, with support being provided to four projects across Africa. We are now pleased to announce that, in partnership with FCDO Ethiopia, we are seeking applications for the next CAPE cohort
Carefully review the eligibility criteria below to ensure your project is a fit.
By applying, you’ll be considered for tailored support from the CAPE team to strengthen your project’s technical, financial, and impact foundations, and prepare it for investment.
Expression of Interest - First Cohort
APPLICATIONS ARE
CURRENTLY CLOSED
Carefully review the eligibility criteria below to ensure your project is a fit.
Timeline for First Round
27th Nov 2024
EOI Window
Applications for CAPE close
15th Jan 2025
Additional information request
Deadline for additional information
February 2025
Finalisation of shortlisted projects
April 2025
Announcement of shortlisted projects
March 2026
Completion
WHO CAN APPLY TO CAPE?
Is Your Project a
Fit for CAPE?
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 the second cohort of CAPE will demonstrate:
Location
Based in Ethiopia
Project Type
Nature-based carbon projects with strong biodiversity and local community impact potential
Development Stage
We encourage projects at any stage of their development journey to apply

All CAPE Eligible Projects Should:
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Be nature-based and located in Ethiopia.
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Have completed a feasibility study.
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Have identified revenue opportunities (i.e., carbon credits).

CAPE is Particularly Interested
In Projects That:
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Have a clear pathway to financial viability and evidence of buyer demand.
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Are considering biodiversity and social impact beyond standard requirements (e.g., CCB).
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Intend to use a robust standard for validation (e.g., Verra, Gold Standard, Plan Vivo).
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Can be scaled and/or replicated.
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Operate within an enabling jurisdiction.
In-Scope Project Types Include:
ARR (Afforestation, Reforestation & Restoration)
Blue Carbon
Peatland & Soil/Agriculture
Projects generating Biodiversity Credits
FAQs
Do I need to commit my own financial resource and a certain amount of staff time? What is that expected to be?
All projects that go through CAPE will need to be able to provide an adequate level of input and engagement to allow the agreed project development support and transaction support to take place. This will vary based on the requirements of each project and will form an important part of the co-design phase. There may be scope for CAPE to fund some of this core staff time cost.
What will the second stage of the EOI involve?
Stage 2 of the EOI will be shared with projects who successfully pass Stage 1 eligibility. It will involve collecting more detailed information and key documentation (e.g., feasibility study, financial model) from the selected projects. This information will allow us to assess projects against our screening criteria.
What types of funding are available?
CAPE has grant funding available for projects. This may be on a pure grant basis, or a repayable basis (0% interest loan). The specific structuring of this would be developed during the co-design of project support.