Climate finance entrepreneurs from all over the world can apply for the Global Innovation Lab for Climate Finance. We’re looking for innovative finance solutions that can unlock investment to tackle some of the most difficult climate and sustainable development challenges and investment opportunities for a post-COVID, green economic recovery.
The deadline is Tuesday, December 22nd, 2020 at 17:00 PST, and the new class will be announced in February 2021.
For the 2021 cycle, there is a special call for the Lab’s sustainable energy access, sustainable cities and food systems streams, and the Brazil and Southern Africa programs. The Lab’s general program is also accepting ideas that address barriers to sustainable investment in developing countries across the adaptation and mitigation spectrum.
On November 18th, the Lab is hosting a webinar that will cover the 2021 call for ideas application process. The session will present case studies from previous cycles and a Q&A segment.REGISTER HERE
Em 19 de novembro, o Lab faz um webinar em para potenciais proponentes do Brasil. Falantes de português de Angola e Moçambique, elegíveis para o programa da África Austral, são bem-vindos.INSCREVA-SE AQUI
The Lab is composed of over 60 expert institutions in government, development finance, philanthropy, and the private sector. The full list of Lab Members can be found here. The funders for the Lab’s 2021 cycle are included below. Climate Policy Initiative serves as the Lab Secretariat.
Successful ideas are selected by Lab Members and other experts based on the following criteria.
Identifies (1) the type of entity(ies) that could implement it, (2) the pathway towards implementation, including the timeframe, activities, and key milestones, and (3) possible challenges to implementation and related management strategies.
Demonstrates the ability to address, directly or indirectly, barriers to private climate finance that (1) have not yet been addressed or (2) that will be addressed more effectively compared to other instruments in the market.
Demonstrates potential to (1) mobilize private climate capital within a sizeable market, (2) be scaled up or replicated in other contexts and, (3) achieve socioeconomic, development, and environmental impacts.
Identifies (1) a strategy to phase out public financial support, thereby achieving market viability and (2) possible challenges to achieving its intended objectives and related management strategies.
Selected ideas will receive guidance and support from high-level leaders from both the public and private sectors, who contribute expertise, political capital, and financial capital to the instruments. See the full list of Lab Members here.
Selected ideas will also benefit from robust analysis, stress-testing, and development by Climate Policy Initiative’s team of experts.
value of analytical and communications support received by selected Lab ideas
mobilized by Lab instruments endorsed in previous cycles
invested by Lab Membership of over 60 expert institutions
If your idea is selected by Lab Members, you will work with a team of analysts, key stakeholders, and experts to:
✓ Develop or refine the mechanics of your idea
✓ Survey comparable instruments, ensuring the final instrument is innovative and impactful
✓ Develop robust financial modeling
✓ Assess and document potential social and environmental impacts✓ Map risks and risk mitigation strategies
✓ Develop a detailed implementation plan
✓ Produce promotional content
✓ Present your idea to donors and investors
✓ Potentially receive endorsement from the Lab
Below are a few examples of Lab instruments that were launched and endorsed in previous Lab cycles, and their latest impact and progress. To learn more about all previous Lab instruments, visit Ideas.
Climate Investor One, a financing facility for early-stage development for renewable energy projects in developing countries, has reached final close at $850 mn, and is already invested in several projects, including a 116MW rooftop solar project and a 42MW run-of-river hydro project.
Energy Savings Insurance provides an insurance product for projected energy savings for efficiency projects undertaken by small and medium enterprises. Energy Savings Insurance now has projects in seven Latin American countries that will target thousands of businesses.
CRAFT is the first commercial investment vehicle to focus on technologies and solutions for climate adaptation. CRAFT has secured $45 mn of approved investment commitments towards a $75 mn first close.