Applications Invited for Global Innovation Lab for Climate Finance
Organization: The Lab
Apply By: 26 Dec 2022
About the Organization
Since 2014, the Lab has launched 49 innovative solutions to drive investment to action on climate change and sustainable development. Our annual impact report highlights the progress and key milestones achieved so far.
About the Grant
The Lab is 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 net zero economy.
Proposed sustainable finance vehicles should offer returns for private investors, create jobs and other local economic benefits, sustain biodiversity, improve climate resilience, and decrease emissions.
In 2023, the Lab will develop six climate finance ideas from two thematic streams and three regional programs, plus one open idea.
- Climate Adaptation
- East and Southern Africa
- Gender Equality
- Open Idea
Successful ideas are selected by Lab Members and other experts based on the following criteria.
- Actionable: 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.
- Innovative: 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.
- Catalytic: 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.
- Financially Sustainable: 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.
ndividual entrepreneurs, public institutions, development finance institutions, private sector, and civil society (NGOs, think tanks, academics) are all welcome to submit ideas. Successful past proponents have included large institutions from the public and private sectors, as well as start-ups, entrepreneurs, boutique fund managers, and NGOs. The Lab’s call for ideas is open to all innovators in the sustainable finance space.
How to Apply
The deadline is Monday, December 26th, 2022, at 17:00 PST.
For any questions, get in touch at firstname.lastname@example.org.
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