Grants and Contributions:
Title:
Inclusive Climate Action Fund - Technical Assistance
Agreement Number:
7473242 P014260002
Agreement Value:
$5,994,406.00
Agreement Date:
Mar 4, 2026 - Sep 30, 2032
Description:
This project aims to advance low-carbon, climate-resilient, and gender-responsive economic development in Latin America and the Caribbean (LAC). It focuses on providing tailored financing and technical assistance to climate finance companies and projects in sectors such as clean energy, green finance, sustainable agriculture, housing, forestry, transportation and the circular economy. This initiative is part of the Inclusive Climate Action Fund (ICAF), which operates as a Canadian investment vehicle that provides capital to small and medium-sized companies and financial institutions in developing countries in LAC to support climate mitigation and adaptation. The technical assistance facility of ICAF promotes a gender-responsive, nature-positive, and intersectional approach to catalyze inclusive investment, enhance climate mitigation and adaptation opportunities, and amplify biodiversity co-benefits. This is done through policies, practices, and community engagement initiatives that support equitable conservation of local ecosystems.
Project activities include: (1) providing investment readiness support to improve the viability of low-carbon, climate-resilient solutions and attract private investment; (2) supporting companies to design gender-responsive products and services, strengthen gender-smart business practices, and enhance social and environmental impacts; and (3) developing systems for impact measurement and evaluation to track social, environmental, and gender outcomes from baseline to investment exit.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) increased implementation of low-carbon solutions that contribute to climate change mitigation in LAC; (2) enhanced adoption of solutions to climate change adaptation in LAC; and (3) strengthened economic empowerment and resilience to external shocks for diverse women in LAC.
Location:
VANCOUVER, British Columbia, CA
Reference Number:
064-2025-2026-Q4-0138
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
For-profit organization
Recipient's Legal Name:
Deetken Asset Management Inc.
Program:
International Development Assistance program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.