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ICLEI – ReMark

Location

South Africa

Sector

Renewable Energy

Stage

Pre-feasibility
Overview

ReMark is a blended finance facility designed to build climate-resilient urban food markets across Africa by addressing key infrastructure challenges and reducing food waste.
With a focus on both climate adaptation and mitigation, the facility will target vulnerable market systems facing climate risks, including extreme heat, flooding, and food spoilage, while advancing gender equity by supporting women-led market vendors.
ReMark will deploy a combination of debt, grants, and technical assistance to municipal markets, aiming for a facility size of USD 35 million.

Investment Needs

$35 000 000

Investment Project Type:

Public

Invested Value to Date:

NA

Funding Gap:

$35 000 000

Climate Classification:

Cross Cutting

Why Investing

1
Innovative Market Approach
We are the first instrument targeting fresh food markets, setting a precedent and strengthening the investment case for future initiatives.
2
Leveraged Funding Opportunities
Benefit from concessional debt and grant funding, enhancing financial viability and reducing investment risk.
3
Significant Social and Environmental Impact
Our projects deliver strong social benefits and promote environmental sustainability, aligning with global trends and investor values.
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