Karandaaz Green Challenge Fund
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.
Thematic Areas
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:
Efficient Water Management
Support technologies and solutions for efficient management of water in residential, industrial, and agricultural use.
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.
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.
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.
Green Challenge Fund-I
Proposal Development
Workshop GCF – II
Eligibility criteria
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
- You can still submit your project proposals even if you have not submitted an EOI.
- The last date for submission of proposals is 10th January 2023.
- Please read the RFP guidelines before submitting your proposal.
Key dates
October
03
Call for EOIs
October
17
EOI Application Deadline
October
21
Online Workshop & Q/A
November
14
Last Date of Queries
November
17
Submission of Technical & Financial Proposal
Nov - Dec
28 - 2
Presentation by the Shortlisted Applicants to the GCF Committee
January
2023
Inform Applicants of Final Decision
Note: These dates are tentative and subject to change, except for the last date for application submissions, which will not be extended
