Climate Resilience Adaptation Tender

The founding premise of the CRAFT concept developed by The Lightsmith Group is that globally there are many companies offering technologies products and services to assess and manage these risks and impacts so-called climate resilience solutions . Lightsmith has identified 20 market segments with companies offering climate resilience solutions including risk and weather analytics agricultural analytics catastrophe risk modelling and distributed water solutions to name a few. These market segments are already fast-growing with annual growth rates of 20-30 and global spending in these areas is expected to double from current levels to over USD 275 billion per year by 2022.Expected outcomesA diversified investment portfolio in climate resilience solutions and demonstration effect of profitable private investments in climate resilience.Outcomes will be tracked in the context of Adaptation and Climate Resilience Climate Mitigation Co-benefits Gender Equality Biodiversity and Economic Development.CRAFT is expected to contribute to the following SDGs Zero Hunger SDG 2 Clean Water and Sanitation SDG 6 Industry Innovation and Infrastructure SDG 9 Sustainable Cities and Communities SDG 11 and Climate Action SDG 13. FinancingThe NDF contribution includes a EUR 8.5 million concessional equity commitment to investment activities in developing countries and a EUR 1.5 million grant commitment to the TA Facility. NDF has financed in partnership with the Global Environment Facility the preparation activities of CRAFT NDF C106.