About the Challenge

Climate change and environmental degradation constitute two of the biggest challenges of our time. Issues such as water scarcity, air quality, and waste management, among others, have plagued majority of Pakistan’s landscape and the threat is gaining momentum. Provision of green solutions to climate and environmental degradation challenges is restricted to small localities of large cities in Pakistan. These interventions have limited adoption capacity, primarily due to: technological gaps, inadequate marketing, and unavailability of risk capital. Low adoption levels deter companies, as well as 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 Green Challenge Fund is launched to support solutions in two thematic areas:

(I) Efficient water management and conservation (industrial, agriculture, or domestic)
(ii) Efficient plastic waste management (including clean air)

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

What we are looking for

Karandaaz is inviting applications from green-techs, cooperatives, corporations, not for profits, financial institutions or any formally registered business enterprises working on the identified thematic areas to participate in the Green Challenge round. The applicant should have demonstrated experience in leveraging technology and innovation to effect change in the identified areas. The proposed solution should be scalable and commercially viable. Therefore, getting the right mix of technological solution and delivery partners would be key for the success of the project and its sustainability beyond the Green Challenge Fund (GCF) support.

Challenge Funding

Karandaaz through the Green Challenge Fund (GCF) will be providing Technical Assistance through concessional finance (grants and/or debt and/or risk cover or a combination of three) to test or scale up innovative solutions for efficient water management and/or plastic waste management. GCF support will be provided for 2 years or more if the proposed solution justifies longer engagement.

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

September

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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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