Global Innovation Lab for Climate Finance
Access to finance has emerged as a critical element in tackling climate change. Private investors – often supported by public policy and finance – are already channeling significant amounts of money into the low-carbon economy in countries around the world, but much more investment is needed. This is particularly true for developing countries, which often face difficulties attracting private investment. The Global Innovation Lab for Climate Finance network accelerated well-designed financial instruments that can unlock billions for energy efficiency, renewable energy, sustainable transport, climate-smart agriculture, and curbing deforestation, while also reducing private investors’ risks and improving their financial returns. A public-private partnership, the Lab brought together and catalyzed broader government and private sector efforts to scale up climate finance.
- IKI funding
- 1,823,459.18 €
- Duration
- 09/2018 till 12/2022
- Status
- completed
- Implementing organisation
- Climate Policy Initiative (CPI)
State of implementation/results
- Project completed.
- The Lab aims to drive billions of dollars of private investment to the low-carbon, climate-resilient economy. A public-private partnership, the Lab brings together and catalyzes broader government and private sector efforts to scale up investment to mitigate climate change and enable climate adaptation in developing countries. The Lab aims to strengthen coordination and transfer of knowledge of the financial instruments both with developing countries and for implementation in developing countries. This, in turn, has the ability to build new markets, attract new investors, and help to unlock billions of dollars in new investments in clean energy and climate-resilient development in emerging economies. The objective of the Lab is to complete three distinct phases over a 12-month period to develop, analyze and refine, and stress test innovative instruments, and to convene partners around these instruments to support the implementation of pilots in real projects backed by real money.
Latest Update:
12/2025
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