Highlights
The DFCD's mission is to support climate-relevant business cases that benefit vulnerable communities and ecosystems.
The year 2024 was a period of significant progress and impactful achievements for the Dutch Fund for Climate and Development (DFCD). Through dedicated efforts and strategic initiatives, the DFCD continued to drive sustainable development and climate resilience across various sectors. This section presents the key highlights of our accomplishments, showcasing the innovative projects, successful partnerships, and transformative outcomes that have marked our journey towards a more sustainable and climate-resilient future.
WWF and SNV - The Origination Facility
The year began with great momentum off the back of the Origination Facility top-up, which enabled us to put many learnings from the successful first phase into practice. We saw six projects graduate in 2024, with investments being received across each region. Camimex was a notable example, with origination by SNV and a $15 million investment from FMO showing strong proof of concept for the DFCD as a whole. The year also brought with it the excitement of pipeline development. Six new projects were approved by the Investment Committee, and we identified new landscapes and focus countries, such as South Africa and India, for the second phase. The joint scoping trip of FMO and WWF to Peru, for example, gave great insight into the opportunities there. This was complemented by a deeper engagement with the Ministry of Foreign Affairs, which has notably led to stronger development of our ties with Dutch businesses and investors.
CFM - The Water Facility
2024 was a remarkable year for the Water Facility of the DFCD and Climate Investor Two, managed by CFM. All the DFCD funding to the Facility is now committed to water, sanitation and ocean systems projects which aim to deliver clean drinking water and address groundwater and surface water quality challenges among other climate resilient services to the underserved/unserved communities in least developed and developing countries through the development of various water and wastewater supply and distribution infrastructure.
FMO - The Land Use Facility
In 2024, the Land Use Facility (LUF) of the DFCD, managed by FMO, achieved remarkable progress in promoting sustainable land use and climate-resilient food production in developing countries. Key accomplishments included the successful implementation of agroforestry projects that enhanced biodiversity and carbon sequestration, the introduction of innovative climate-smart agricultural practices that boosted productivity and resilience, and the expansion of partnerships with local communities and international stakeholders to scale impactful solutions. Additionally, the facility secured significant investments and signed a guarantee agreement with the European Commission, ensuring a robust pipeline for future projects. The FMO loan of €240 million to the LUF and the EC guarantee of €105 million to that loan are jointly referred to as DFCD Aya.
The Consortium reflects positively on its progress made over 2024, particularly on the development of its advanced pipeline and the expansion of the DFCD. The Consortium looks forward to all there is to come in 2025.