Pakistan

Applications for CFA Pakistan are now closed. The next call for proposals will open in late 2026/early 2027. Sign up below to stay tuned.

The Climate Finance Accelerator in Pakistan

CFA Pakistan is led by our delivery partner DAI. CFA Pakistan closed its fourth call for proposals in February 2026 with 11 businesses selected to join the cohort.

Pakistan’s climate landscape is defined by high vulnerability and low emissions - contributing less than 1% of global greenhouse gas emissions yet ranks one of the most-climate affected countries globally. Rising temperatures have intensified heatwaves, accelerated glacial melt, while increasingly erratic monsoons have led to devastating floods - most notably the 2022 floods which affected 33 million people and caused around USD 40 billion in losses. In recent years, Pakistan's climate investment landscape is expanding in response to these escalating climate risks.

These factors are driving demand for solutions across resilient infrastructure, water security, renewable energy, climate-smart agriculture. While innovation and project origination are increasing, climate investments remain constrained by weak project bankability, fragmented regulatory and institutional frameworks, as well as heightened macroeconomic risks. As a result, investor interest, particularly from Development Finance Institutions and impact investors, has yet to translate into sufficient capital deployment at scale.

CFA Pakistan responds to these constraints by strengthening project design and financial structuring, de-risking early-stage investments, and linking high-potential projects with appropriate sources of concessional and commercial finance to build a durable pipeline of investable climate solutions.

Since its inception in 2022, CFA Pakistan has supported 22 projects with a collective investment mobilization value of approximately USD 40 million, helping them advance toward commercial deal-making. Alumni include Davaam Life, Concept Loop, National Foods with businesses receiving our support for their low carbon projects in waste management, renewable energy, transportation, AFOLU and others.

Our engagement has enhanced institutional capacity and improved investor preparedness, supporting Pakistan’s progress towards its climate commitments under the NDCs. We have also helped to advance national development priorities such as resilience, clean energy transition, and inclusive growth.

The CFA Pakistan 2026 cohort

AS Enterprises converts agricultural stubble into Bio-Coal using portable kilns that carbonise waste directly at source, eliminating biomass transport barriers. The solution addresses Pakistan's smog crisis and reliance on fossil fuel imports by offering a local renewable alternative to industrial coal which is sold to the textile and steel sectors.

Akhuwat delivers AIM-GFF a USD $14.25million Shariah-compliant financing facility providing interest-free loans through Akhuwats branch network for climate-related interventions in Pakistan. The facility supports household solar systems, decentralised waste management sites, climate-smart agriculture and rainwater harvesting and targets low-income households, farmers and water-stressed communities.

BEVL is a biomethane project and an integrated waste-to-energy platform, converting animal manure and crop residue into biomethane and bio-pellets. The project also produces organic soil enhancers and biogenic CO2 with biogas supplied to industrial users.

BusCaro is a tech-led B2B and B2B2C urban mobility platform addressing Pakistan's public transport challenges by connecting commuters and suppliers. By shifting daily commuters from private cars and motorbikes into high-capacity vehicles, the platform offers safe, reliable transport with a major focus on women and children.

Daewoo Pakistan the country's leading mass-transit operator with over seven million annual passengers is replacing 200 diesel buses with electric buses. Charging infrastructure will be deployed at existing terminals using grid electricity allowing seamless transition to zero-emission travel across 15+ short routes.

EcoEdge AI develops energy optimisation systems for buildings and industrial facilities using sensors, IoT devices and machine learning models deployed on edge hardware. The system automatically optimises HVAC and building management system performance in real time to reduce power consumption.

GoSeedIT provides a pay-as-you-go solar energy product targeting mid-market segments excluded from conventional solar ownership. Customers pay only for the electricity they consume with no upfront costs, while multi-layered technology controls mitigate repayment, theft and fraud risks.

Pak BioEnergy aggregates agricultural and organic waste from rural communities and processes it into high-energy biomass fuel pellets. These pellets cleanly replace coal, LPG, natural gas and furnace oil in industrial and commercial heating applications like food processing, textiles and paper mills.

Sahara Recycling develops Integrated Recycling Parks to intercept municipal solid waste from being openly dumped. Each facility is designed to process approximately 500 tonnes of waste per day using a combination of processing technologies to handle plastics, organic waste, textiles and hygiene waste, producing recycled feedstock and compost.

Trashit is a climate adaptation social enterprise that converts organic waste, food waste and crop residues into microbe-enriched compost through controlled aerobic composting. This process actively restores degraded soils and supports climate-resilient farming, serving farmers, agribusinesses and corporate institutions.

Waste Busters and Enertech joint venture focuses on developing a national organic waste management approach in Pakistan, alongside operating a facility that converts organic waste into high-value agricultural products - including frass fertiliser, insect protein and insect oil - using Black Soldier Fly larvae. Operating on 45-day production cycles, the operational facility successfully diverts organic waste away from municipal landfills,

Expression of Interest to Join CFA