The UN Capital Development Fund (UNCDF) and the Clean Cooking Alliance (CCA) today launched a partnership to promote financial innovation and investment to deliver greater levels of finance to clean cooking solutions. Both organizations will focus in particular on markets in Africa and Asia, where the need for clean cooking is particularly acute.
CCA and UNCDF will aim to increase the flow of public finance and newer forms of climate and social impact finance into companies operating in clean cooking markets. The two organizations will collaborate through three prongs of activities to carry out this effort:
- Joint Programming–Partnering on innovative finance initiatives for clean cooking as well as digital innovations in Asia and Africa, notably the Democratic Republic of Congo and Tanzania;
- Research and Thought Leadership—In such areas as unit economics, identifying and understanding buyers and responsible carbon finance;
- Partnerships and Advocacy—Including the global promotion of clean cooking as nature based solutions within the climate finance space.
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