Afterglow
Climate Justice Fund
About the Fund
Candide Group’s Afterglow Climate Justice Fund seeks to build momentum toward effective and equitable solutions to the greatest crisis in human history.
The Afterglow Climate Justice Fund focuses on the root causes of the climate crisis through an intersectional lens of racism, classism, capitalism, economic injustice, and environmental harm. The Fund will lend to organizations serving communities living in persistent poverty, facing high energy costs, lacking access to clean transportation, and disproportionately suffering from the effects of extreme weather. We share movement leaders' views of shifting to a regenerative economy based on ecological restoration, community protection, equitable partnerships, justice, and full and fair participatory processes. Across the board, our investments will support the creation of green jobs and solutions with leadership and ownership proximate to the communities served.
General
Investment Strategy
The Fund provides debt capital to support climate solutions that create access and benefit for historically marginalized communities. Our capital finances novel, inclusive underwriting models, provides bridge financing for tax credits, development capital for construction facilities, and/or brings down the cost of capital for frontline community development. In addition to providing capital aligned with the needs of the organizations we fund, we offer non-financial assistance, such as access to networks of funders and mission-aligned organizations.
Current Fund Size
$46M
Impact Thesis
The Afterglow Climate Justice Fund seeks to expand access to and ownership of affordable clean energy solutions for communities marginalized, underserved, and overburdened by climate change. The Fund was specifically designed to achieve these goals by providing debt to primarily community-centered clean energy developers to finance distributed generation solar installation projects, electric vehicles, green buildings, and other projects, with an explicit focus on serving such historically marginalized communities. Complimentary benefits will include providing relief for wealth-deprived communities, eliminating prejudice and discrimination, and combating community deterioration.