Global Innovation Lab for Climate Finance – 2015-2016 Cycle Instrument Analyses
Published: June, 2016
Founded in 2014, The Global Innovation Lab for Climate Finance is a public-private initiative that identifies, develops, and pilots innovative financial instruments that can drive billions in private investment in climate action in developing countries. The Lab was endorsed by the G7 in 2015 and has catalyzed over 500 million in seed funding for projects in Colombia, Mexico, and Rwanda, among others.
On 27 June 2016 in London, Lab Advisors and Principals met to review 2015-2016 instruments, endorse their technical design, and indicate future backing. Principals endorsed four pilot-ready instruments to unlock investment in climate adaptation and mitigation in developing countries:
- the Climate-Smart Lending Platform will bring together the tools, actors, and finance necessary to reduce climate risk in lending portfolios and scale up climate-smart lending to smallholders around the world;
- the Energy Efficiency Enabling Initiative will mobilize equity finance and deploy technical assistance for energy efficiency in developing countries;
- the Oasis Platform aims to provide access to transparent and standardized analytics to improve understanding and management of risks in regions vulnerable to extreme climate-related events; and
- the Water Financing Facility will mobilize large-scale domestic private finance and strengthen water utilities in countries subject to climate-related water stress.
Principals did not vote to endorse the Small-scale Renewables Financing Facility at this time, in light of the fact that there is currently no implementation partner to take the instrument forward. However, there were several expressions of interest, and a consensus that The Lab should keep this instrument shortlisted for further development and seek to identify an implementation partner through the next Lab Cycle.
Lab Members also looked at the strategic direction of the Lab more broadly. They supported the continuation of The Lab with minor refinements and canvassed plans for a Third Lab Cycle.
These instrument analyses represent the culmination of the Lab’s 2015-2016 cycle.
Energy Efficiency Enabling Initiative-Instrument Analysis(3.5 MB)
Small scale Renewables Financing Facility – Instrument Analysis(4.3 MB)
Oasis Platform – Instrument Analysis(4.2 MB)
Climate Smart Lending Platform – Instrument Analysis(5.7 MB)
Water Financing Facility – Instrument Analysis(4.4 MB)
- adaptation finance
- climate finance
- climate funds
- climate investment
- climate resilience
- innovative finance
- private climate finance