{"id":51215,"date":"2022-11-21T20:02:11","date_gmt":"2022-11-21T20:02:11","guid":{"rendered":"https:\/\/www.climatepolicyinitiative.org\/?post_type=cpi_pr&p=51215"},"modified":"2022-11-22T08:49:08","modified_gmt":"2022-11-22T08:49:08","slug":"u-s-2-million-lab-adaptation","status":"publish","type":"cpi_pr","link":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/","title":{"rendered":"U.S. announces USD 2 million to support the Lab in developing financial innovation toward private investment in adaptation"},"content":{"rendered":"\n

WASHINGTON, D.C. – Today, the U.S. government announced USD 2 million to support the Global Innovation Lab for Climate Finance<\/a> in developing new financial instruments and mechanisms to harness private investment in adaptation. The announcement is part of a longer list of new climate commitments and initiatives made public by The White House at COP27.<\/p>\n\n\n\n

With the support of the\u00a0U.S. Department of State<\/strong>,\u00a0the Lab seeks proposals<\/a>\u00a0for innovative financial instruments and solutions that channel investment into building systemic climate resilience and responding to growing climate risk. There is critical to develop and scale a broad array of financial solutions \u2013 including project finance, insurance, bonds, and guarantees \u2013 that enable capital to flow to adaptation.<\/p>\n\n\n\n

While adaptation investment is growing, it is far from what is needed. In 2019-2020, of the total USD 653 billion annually tracked to climate finance, USD 49 billion was committed to climate adaptation<\/a>, a fraction of what is required to address accelerating climate risk.<\/p>\n\n\n\n

“Scaling up investment in climate adaptation is critical to building global resilience to worsening climate impacts, as reflected in the importance of adaptation and resilience at COP27. There is an urgent need to create opportunities in developing economies that will attract public and private investment in adaptation,” said Ben Broch\u00e9, head of the Lab<\/strong> program. “We are thrilled to see additional U.S. Government support for our work on the climate adaptation front.”<\/p>\n\n\n\n

Submissions for the Lab’s 2023 adaptation program should focus on climate-stressed regions in developing countries and should identify how the proposed financing approach would address specific physical climate risks and overcome barriers to mobilizing finance for climate adaptation. Submissions should also include a plan to phase down public financial support while offering attractive risk-adjusted returns to investors, to scale private investment. Lastly, ideas should also demonstrate the potential to avoid maladaptation, support improved livelihoods, and strengthen the broader financial ecosystem in the implementation countries.<\/p>\n\n\n\n

The deadline is December 26, 2022. An informational webinar on November 29th will cover the application process, the selection criteria, and the Lab process. Registrations are open here<\/a>.<\/p>\n\n\n\n

Since 2014, the Lab’s developed 11 adaptation instruments, such as the Climate Resilience and Adaptation Finance & Technology Transfer Facility (CRAFT)<\/a>, whose final closing reached USD 186 million of commitments. Renamed Lightsmith Climate Resilience, it is the first private equity fund to have focused on climate resilience and adaptation, investing in growth-stage technology companies that address the effects of climate change.<\/p>\n\n\n\n

About the Lab<\/strong><\/p>\n\n\n\n

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. Climate Policy Initiative serves as Secretariat.<\/p>\n\n\n\n

Contact<\/strong><\/p>\n\n\n\n

J\u00falio Lubianco
Senior Communications Associate
julio.lubianco@cpiglobal.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"featured_media":51216,"template":"","format":"standard","meta":{"_acf_changed":false},"programs":[395],"regions":[],"topics":[1010,842],"collaborations":[],"class_list":["post-51215","cpi_pr","type-cpi_pr","status-publish","format-standard","has-post-thumbnail","hentry","programs-global-innovation-lab-for-climate-finance","topics-adaptation-and-resilience","topics-financial-innovation"],"acf":[],"yoast_head":"\nU.S. to support the Lab in developing financial innovation for adaptation<\/title>\n<meta name=\"description\" content=\"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. to support the Lab in developing financial innovation for adaptation\" \/>\n<meta property=\"og:description\" content=\"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/\" \/>\n<meta property=\"og:site_name\" content=\"CPI\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ClimatePolicyInitiative\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-22T08:49:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg\" \/>\n<meta name=\"twitter:site\" content=\"@climatepolicy\" \/>\n<meta name=\"twitter:label1\" content=\"Estimasi waktu membaca\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 menit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/\",\"name\":\"U.S. to support the Lab in developing financial innovation for adaptation\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg\",\"datePublished\":\"2022-11-21T20:02:11+00:00\",\"dateModified\":\"2022-11-22T08:49:08+00:00\",\"description\":\"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/#breadcrumb\"},\"inLanguage\":\"id\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"id\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg\",\"contentUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Jaluit Atoll Lagoon, Marshall Islands\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/press-release\\\/u-s-2-million-lab-adaptation\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/id\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Press Releases\",\"item\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/press-release\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"U.S. announces USD 2 million to support the Lab in developing financial innovation toward private investment in adaptation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#website\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/\",\"name\":\"CPI\",\"description\":\"Climate Policy Initiative works to improve the most important energy and land use policies around the world, with a particular focus on finance.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"id\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#organization\",\"name\":\"Climate Policy Initiative\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"id\",\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/CPI_logo_cmyk_transparent.png\",\"contentUrl\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/CPI_logo_cmyk_transparent.png\",\"width\":1728,\"height\":720,\"caption\":\"Climate Policy Initiative\"},\"image\":{\"@id\":\"https:\\\/\\\/www.climatepolicyinitiative.org\\\/pt-br\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/ClimatePolicyInitiative\",\"https:\\\/\\\/x.com\\\/climatepolicy\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/climate-policy-initiative\\\/?lipi=urn:li:page:d_flagship3_search_srp_all;GvyQ8DliSYaW9eZhdq8RBQ==\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCE8V0iDgBU8mreZdBegVCcA\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Climate_Policy_Initiative\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"U.S. to support the Lab in developing financial innovation for adaptation","description":"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/","og_locale":"id_ID","og_type":"article","og_title":"U.S. to support the Lab in developing financial innovation for adaptation","og_description":"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0","og_url":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/","og_site_name":"CPI","article_publisher":"https:\/\/www.facebook.com\/ClimatePolicyInitiative","article_modified_time":"2022-11-22T08:49:08+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_image":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg","twitter_site":"@climatepolicy","twitter_misc":{"Estimasi waktu membaca":"2 menit"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/","url":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/","name":"U.S. to support the Lab in developing financial innovation for adaptation","isPartOf":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/#primaryimage"},"image":{"@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/#primaryimage"},"thumbnailUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg","datePublished":"2022-11-21T20:02:11+00:00","dateModified":"2022-11-22T08:49:08+00:00","description":"The U.S. announced USD 2 million to support the Lab in developing new financial instruments to harness private investment in adaptation.\u00a0","breadcrumb":{"@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/#breadcrumb"},"inLanguage":"id","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/"]}]},{"@type":"ImageObject","inLanguage":"id","@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/#primaryimage","url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg","contentUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2022\/11\/Aerial-view-of-the-Marshall-Islands.-Keith-Polya.jpg","width":1920,"height":1080,"caption":"Jaluit Atoll Lagoon, Marshall Islands"},{"@type":"BreadcrumbList","@id":"https:\/\/www.climatepolicyinitiative.org\/id\/press-release\/u-s-2-million-lab-adaptation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.climatepolicyinitiative.org\/id\/"},{"@type":"ListItem","position":2,"name":"Press Releases","item":"https:\/\/www.climatepolicyinitiative.org\/press-release\/"},{"@type":"ListItem","position":3,"name":"U.S. announces USD 2 million to support the Lab in developing financial innovation toward private investment in adaptation"}]},{"@type":"WebSite","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#website","url":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/","name":"CPI","description":"Climate Policy Initiative works to improve the most important energy and land use policies around the world, with a particular focus on finance.","publisher":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"id"},{"@type":"Organization","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#organization","name":"Climate Policy Initiative","url":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/","logo":{"@type":"ImageObject","inLanguage":"id","@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#\/schema\/logo\/image\/","url":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2021\/07\/CPI_logo_cmyk_transparent.png","contentUrl":"https:\/\/www.climatepolicyinitiative.org\/wp-content\/uploads\/2021\/07\/CPI_logo_cmyk_transparent.png","width":1728,"height":720,"caption":"Climate Policy Initiative"},"image":{"@id":"https:\/\/www.climatepolicyinitiative.org\/pt-br\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ClimatePolicyInitiative","https:\/\/x.com\/climatepolicy","https:\/\/www.linkedin.com\/company\/climate-policy-initiative\/?lipi=urn:li:page:d_flagship3_search_srp_all;GvyQ8DliSYaW9eZhdq8RBQ==","https:\/\/www.youtube.com\/channel\/UCE8V0iDgBU8mreZdBegVCcA","https:\/\/en.wikipedia.org\/wiki\/Climate_Policy_Initiative"]}]}},"_links":{"self":[{"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/cpi_pr\/51215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/cpi_pr"}],"about":[{"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/types\/cpi_pr"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/media\/51216"}],"wp:attachment":[{"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/media?parent=51215"}],"wp:term":[{"taxonomy":"programs","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/programs?post=51215"},{"taxonomy":"regions","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/regions?post=51215"},{"taxonomy":"topics","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/topics?post=51215"},{"taxonomy":"collaborations","embeddable":true,"href":"https:\/\/www.climatepolicyinitiative.org\/id\/wp-json\/wp\/v2\/collaborations?post=51215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}