The Global Innovation Lab for Climate Finance 

Type of project:  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. The idea must be a financial instrument that targets climate relevant sectors in developing countries and must not require legislative or regulatory change to be implemented. In addition, applicants should be able to show that the idea meets the Lab’s four criteria: innovation, actionability, catalytic potential, and financial sustainability.

Location: One or more ODA-eligible developing country. While the idea must be targeted at ODA-eligible country(ies), the proponents and sources of capital can be based out of any countries.

Eligibility: Individual 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.

Grant size:  In-kind support equivalent to $200,000

Closing date: 26 December