The Global Innovation Lab for Climate Finance
The Global Innovation Lab for Climate Finance identifies, develops, and launches innovative finance instruments that can drive billions in private investment to action on climate change and sustainable development.
Since 2014, the Lab has launched 62 solutions that have mobilized over USD 3.3 billion to address climate change.
The Lab has launched an open call for innovative solutions to address barriers to climate investments in emerging markets while supporting a net zero economy transition.
Women are disproportionately impacted by climate change and face greater exposure to disasters, economic losses, and health repercussions than men. Women also act as benefit multipliers, with the ability to improve the effectiveness of climate finance when it’s gender-smart but what does this mean?
U.S. announces USD 2 million to support the Lab in developing financial innovation toward private investment in adaptation
The announcement is part of a longer list of new commitments and initiatives made public by The White House at COP27. In 2023, the Lab seeks proposals for innovative financial instruments that channel investment into building systemic climate resilience and responding to growing climate risk.
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The mechanism combines technical assistance, low-cost patient capital, and implementation stage support to prepare, invest in, and de-risk decarbonization technology projects for low-carbon steel production, while supporting the development of the wider industrial ecosystem.
A novel offering of long-term municipal climate insurance, with known premiums dependent on municipal resiliency measures and a unique linked financial product to access capital for climate resilience.