About the Challenge

Climate change and environmental degradation constitute two of the biggest challenges of our time. In Pakistan, the growing population, unplanned urban expansion, and dependence on natural resources have put immense pressure on the environment and have triggered harsh effects of climate change. The lack of public awareness of environmental issues and mismanagement of resources across all levels has aggravated the situation further. Provision of green solutions to climate and environmental degradation challenges is restricted to small localities of large cities in Pakistan. However, these interventions have limited adoption capacity, primarily due to technological gaps, inadequate marketing, and unavailability of risk capital. Furthermore, low adoption levels deter companies, investors, and financial institutions to further develop these solutions and introduce them to a larger market.

Karandaaz seeks to disrupt the inertia on green transition projects and expand the spectrum of technologically driven solutions and players engaged in combating climate change in Pakistan. To this end, the 2nd round of Green Challenge Fund (GCF) is launched to support solutions in 4 thematic areas:

(i) Efficient Water Management: Support technologies and solutions for efficient management of water in residential, industrial, and agricultural use.
(ii) Plastic Waste Management: Support technologies that enable efficient plastic waste management solutions, improvements in Greenhouse Gas (GHG) emissions, reduce pollution (air or water), reduce the demand for plastics, and facilitate recycling of plastic materials and products.
(iii) Medical Waste Management: Support technologies and solutions to mitigate and manage both hazardous and non-hazardous medical waste in clinics, laboratories, medical universities, hospitals, and other medical institutions.
(iv) Improving Air Quality: Support technologies and solutions to curb and reduce air pollution and improve air quality at the household, industrial, and/or national levels.

The solutions selected will directly contribute to mitigating or adapting to climate change.

Green Challenge Fund-I

Watch this short video to learn about the winners and their innovative green transitional projects.

What we are looking for

Karandaaz Pakistan is inviting green-techs, cooperatives, corporations, not-for-profits, financial institutions, medical institutions, academic institutions, and/or any formally registered business enterprise working on green technologies to participate in this year’s Green Challenge Fund (GCF) round. Since the commercial viability and long-term sustainability of the solution is key, applicants are encouraged to partner with other entities and apply to the GCF as a consortium.

Challenge Funding

Karandaaz will be providing Technical Assistance through concessional finance (debt and/or risk cover or a combination of the two), and/or grant in select cases to test or scale up innovative solutions for the aforementioned thematic areas. The anticipated timeline for the project starting from the selection of the applicant will be a maximum of 3 years.

How to Participate

Applicants are requested to complete the EOI form by clicking on the apply button below.

(i) The EOI applications submission will start on 17th August, 2021. The last date for submission of EOI forms is 2nd September 2021.
(ii) Please read detailed EOI & RFP Guidelines before applying.

Timeline

August

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Call for EOIs

August

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Online Workshop: Proposal Development

September

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EOI Application Deadline

September

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Online Workshop & Q/A

September

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Last Date of Queries

September

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Submission of Technical Financial Proposal

October

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Presentation to GCF Advisory Committee

October

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Inform Applicants of Final Decision

Note: These dates are tentative and subject to change. 

Applicants must read EOI/RFP GUIDELINES before applying.

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