Global Innovation Lab for Climate Finance
Description:
The Global Innovation Lab for Climate Finance catalyzes this process by drawing on experience and expertise from around the world to identify, design, and pilot the next generation of climate finance instruments. These instruments provide concrete solutions to financing challenges faced in real projects, and can build new markets, attract new investors, and help to unlock billions of dollars in new climate-friendly investment in developing countries.
The Lab is part of broader government and private sector efforts to scale up climate finance. It aims to respond to the urgency of the climate challenge by accelerating promising climate finance proposals so that they are ready to implement. By quickly developing project-ready solutions that can be implemented in the short term it aims to complement existing processes.
The Lab includes leaders from governments, pension funds, investment banks, project developers and development finance institutions. Present members comprise a small, senior group of policy makers, financial experts, practitioners, and project developers. The Lab also seeks advice from beyond its membership to ensure that analysis is robust, to source further analytical, technical, commercial, and political know-how, and to build the support necessary to launch pilots.
The Lab was developed in 2014 by the UK, U.S. and Germany in partnership with several climate finance donor governments (Denmark, France, Japan, the Netherlands, Norway) and key private sector actors.
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Published in Climate-ADAPT Nov 08 2017 - Last Modified in Climate-ADAPT Dec 12 2023