The Global Innovation Lab for Climate Finance (the Lab) is an investor-led, public-private initiative that accelerates innovative well designed, early-stage climate finance solutions and instruments. The Lab crowdsources, selects, develops, and launches transformative financial solutions to drive billions of dollars of private investment into climate change action in developing countries.
The Lab works via the following steps:
- Call for Ideas: The Lab publicizes an open call for innovative sustainable investment solutions.
- Selection: Lab Members select the most promising ideas to take forward in each annual cycle.
- Development: Selected ideas benefit from 7 months of analysis, stress-testing, and guidance from experts and investors.
- Endorsement & Launch: Lab Members vote to endorse and launch the ideas for piloting.
- Implementation: The ideas move into action and fundraising to launch pilots, with continued support from the Lab network.
The idea must be a financial instrument that targets climate-relevant sectors in developing countries and does not require legislative or regulatory change to be implemented. Applicants should also be able to show that the idea meets the Lab’s four criteria: innovation, actionability, catalytic potential, and financial sustainability.
Please visit the 'Calls for Ideas' webpage for eligibility critieria specific to the most recent call: https://www.climatefinancelab.org/call-for-ideas/