Climate Investor One announces first close at USD 412mn

NEWS | June 27, 2017

Climate Investor One is the inaugural financing facility launched by Climate Fund Managers (CFM), and incubated and developed within the auspices of the Global Lab. It is the first of an intended series of climate finance initiatives designed to combat the detrimental effects of unmitigated climate change.

CIO will provide expertise, technology & financing to renewable energy projects in developing & emerging markets by mobilizing private sector financing at scale supported by catalytic public sector donor funding. CIO builds on the significant energy infrastructure expertise and track record of its sponsors: FMO, the Dutch development bank, and Phoenix InfraWorks, South African infrastructure development and fund management specialists, in association with Sanlam Investments Holdings.

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Closing the Climate Protection Gap through Collaboration & Open Data

EVENT | June 5, 2017

Total economic losses to property and infrastructure from natural disasters have averaged around USD $180 billion annually in the last decade, 70% of which are uninsured (Swiss Re, 2015). Ever-increasing climate-related disasters are driving up insured and uninsured losses, placing the insurance sector under threat, and creating significant problems for […]

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Innovate4Climate: Finance & Markets Week

EVENT | May 22, 2017

Senior Analyst, Gloria Coleman will represent Climate Policy Initiative and The Lab at the Innovative4Climate (I4C) Conference during the following sessions: Third International Dialogue on Enhancing Ambition (IDEA) through Climate Finance: Session 1 – Interests and concerns of developing countries in mobilizing private and non-sovereign finance to support NDC implementation and […]

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Netherlands Government commits EUR 10mn to Water Financing Facility, marking a milestone for water finance and climate adaptation

PRESS RELEASE | April 27, 2017

New York, April 26, 2017— Today, during a meeting of the Global Innovation Lab for Climate Finance, the Dutch government announced EUR 10mn for an innovative facility that will enable private finance for otherwise difficult-to-fund water projects in emerging markets, starting with Kenya. This news marks a key milestone in […]

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The 2017 Fire Awards winners target clean energy and sustainable transit

PRESS RELEASE | April 25, 2017

New York, 25 April, 2017  – Today at the Bloomberg New Energy Finance (BNEF) Future of Energy Summit hundreds of leaders in clean energy and finance voted for two Fire Awards winners from amongst four finalists that presented their businesses in an extremely close pitch competition. The two winners are: Electric Bus Battery Service Agreements: A […]

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Wall Street Journal on CRAFT and the Lab

NEWS | April 25, 2017

Lightsmith Group, a new firm founded by former Siguler Guff & Co. partner Jay Koh, is getting closer to launching a private-equity fund to invest in protecting communities from droughts, floods and threats from a changing global climate. The New York firm is working with the Global Innovation Lab for Climate Finance, an incubator, to develop the fund. The pilot project got the green light from the lab’s members—a network of policy makers, government officials and investors—for its next phase of work: planning to bring a fund to market.

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The Global Innovation Lab for Climate Finance will present the Fire Awards to energy and green growth innovators at the BNEF Future of Energy Summit

PRESS RELEASE | April 21, 2017

Two Fire Awards winners will join this year’s class of Lab instruments to receive support from Climate Policy Initiative and the Lab’s expert network London—Next week, thousands of investors and energy sector experts will gather at the BNEF Future of Energy Summit. The Global Innovation Lab for Climate Finance will […]

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MoMo4Climate opens first call for proposals

NEWS | March 16, 2017

The Dutch private climate finance challenge ‘MoMo4Climate’ calls for fresh proposals. MoMo is interested in ideas that attract private investment for climate mitigation or adaptation programs. The challenge is to send a proposal that can attract private investors. MoMo4Climate tests your business case through a panel of financial experts, offers advice to make your case more investable, and awards support to the most promising ideas. This year, the two best proposals of the challenge stand to win € 25,000 to further develop their business cases. The deadline for the first call is 15 April.

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Financial Times: The drive for a social purpose

NEWS | March 10, 2017

"What if that bond in your fixed income portfolio not only paid you a decent interest rate but also saved a giant forest from succumbing to wildfires? What if your latest venture capital investment not only earned you a fat return but also provided jobs for former prisoners who otherwise would find it tough to get employment?" The Lab featured in a recent article on promising models for investing for good.

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Lab instrument helping to connect 500 African homes to solar each day

PRESS RELEASE | March 2, 2017

March 2, 2017–The Long-Term FX Risk Management instrument, developed and endorsed by the Global Innovation Lab for Climate Finance, aims to increase financing for low-carbon projects by providing foreign exchange and interest rate risk management instruments. TCX – the implementing partner of the instrument – recently worked with M-Kopa, a […]

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Energy Savings Insurance scales across Latin America and beyond

PRESS RELEASE | March 2, 2017

March 2, 2017— Energy Savings Insurance overcomes investment barriers to energy efficiency by providing an insurance product for projected energy savings for efficiency projects undertaken by small and medium sized enterprises. Endorsed by the Global Innovation Lab for Climate Finance in 2015, the Inter-American Development Bank has led the implementation […]

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Oasis Platform pilot moves forward in Asia

PRESS RELEASE | March 1, 2017

March 1, 2017–The pilot of the Oasis Platform for Climate and Catastrophe Risk Assessment in Asia has passed the pre-selection process of the International Climate Initiative (IKI) of the Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB). Dickie Whitaker and Tracy Irvine, the proponents of the […]

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New Global Lab instruments in development

PRESS RELEASE | December 6, 2016

December 6, 2016, London – The Global Innovation Lab for Climate Finance has selected three new ideas for climate finance instruments to move forward for further analysis, development, and preparation for launching in its 2016-2017 cycle – a cloud forest conservation fund, a facility for early stage finance for renewable […]

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Netherlands government commits development funding to establish Climate-Smart Lending Platform

PRESS RELEASE | December 2, 2016

The Climate-Smart Lending Platform will assist local lenders, including banks, microfinance institutions and cooperatives, adopt climate-smart lending practices and manage climate risk in their agricultural loan portfolios, while incentivizing the adoption of climate-smart farming methods by smallholders. The approach was developed by F3 Life, in partnership with the Lab. The Netherlands Foreign Trade and […]

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Oasis Platform receives endorsement from two key players to take the pilot demonstration forward

PRESS RELEASE | November 15, 2016

November 15, 2016-The Oasis Platform for Catastrophe and Climate Change Risk Assessment, which works to provide access to transparent and standardized analytics to improve understanding and management of risks in regions vulnerable to extreme climate-related events, has now cemented ties with the two key groups of stakeholders relevant for its pilot. […]

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India Lab launches three new instruments

NEWS | October 25, 2016

The India Innovation Lab for Green Finance (the India Lab) announced endorsement of three innovative investment vehicles that will help drive millions of dollars of needed investment to India’s clean energy and green growth targets. They include a rooftop solar financing facility, a new lending platform for green investments, and a currency exchange instrument.

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The Lab at COP22

EVENT | November 13, 2016

The Global Innovation Lab for Climate Finance will be at COP22, presenting at several events.

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UN learns from Lab model to launch Financial Innovation Platform to support Sustainable Development Goals

NEWS | October 12, 2016

Dr. Barbara Buchner, Head of the Lab Secretariat, presented the Lab at a high-level finance gathering at the United Nations on Monday, October 10th. Secretary General Ban Ki Moon said, “This global initiative can support the identification and piloting of innovative finance instruments that can drive investment and support well thought-out SDG interventions.”

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Investor network seeks powerful, actionable ideas to drive finance for a low-carbon, climate-resilient economy

PRESS RELEASE | September 19, 2016

Submit ideas at New York—Today, in the margins of Climate Week, a network of investors, governments, businesses, and foundations launched a call for ideas to accelerate finance for climate mitigation and adaptation. “Nations and businesses have put forward strong targets for climate action, but implementation is still a challenge, […]

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Global coalition of governments, investors, and foundations launch four new financial instruments to catalyze billions for developing country climate action

PRESS RELEASE | June 27, 2016

London, June 27, 2016—Today the Global Innovation Lab for Climate Finance (The Lab) announced endorsement for four new investment vehicles that are ready to pilot in developing countries. This announcement is in partnership with The Lab members, including the Danish, Dutch, German, United Kingdom and United States governments, Bank of […]

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USAID Partners with Climate Investor One

NEWS | March 22, 2016

Climate Fund Managers, the Fund Manager to Climate Investor One recently announced a new association with USAID through their Power Africa programme. USAID is the lead U.S. Government agency working to end extreme global poverty and enable resilient, democratic societies to realize their potential. In support of Climate Investor One, USAID has pledged a sum of USD five million to the fund which will invest in renewable energy projects in emerging markets.

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India Lab moves forward, selects four new ideas

NEWS | February 26, 2016

The India Innovation Lab builds on the successes of The Global Lab, but adapts them to India's unique opportunities and challenges. Following a successful call for ideas, the India Lab has selected four new ideas for green finance instruments to move forward in development.

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Climate Investor One sign first term sheet

NEWS | February 19, 2016

During the Making Solar Bankable conference of 18-19 February 2016 in Amsterdam, Climate Investor One witnessed the signing of its first term sheet – a significant operational milestone in what has already been an exciting start to 2016 for Climate Fund Managers, the fund manager of Climate Investor One. The project, which is due to begin construction in the first quarter of 2017, will be developed in two stages. Stage 1 will see the construction of a 15MW Solar PV + 2 MW PSH facility, which will then be expanded to 45 MW PV + 6 MW PSH approximately 24 months after Stage 1 COD.

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Development Finance Magazine features The Lab model and instruments

NEWS | February 17, 2016

Five new instruments to drive investment in developing countries have been chosen for development by the Global Innovation Lab for Climate Finance. Three ideas are based on enhancing climate resilience and two are mitigation-focused. The Lab selected the proposals in January, following a scoping process which tested the viability of each idea.

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Five 2nd Cycle Instruments Move Forward from Instrument Scoping Phase

EVENT | January 19, 2015

Following the 3 December Advisors’ Meeting in Paris, in which Lab Advisors voted in six Lab ideas as finalists The Lab’s Second Cycle (Lab 2.0, 2015-2016), the Secretariat led a scoping process with proponents for each idea. This scoping process aimed to address concerns expressed by Lab Members during selection regarding the viability of the ideas.

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Germany to provide €30mn to TCX for currency hedging instruments

PRESS RELEASE | December 4, 2015

PARIS – During the Lima-Paris Action Agenda from COP21, The German Environmental Ministry announced it will provide €30million to the hedging specialist TCX, one of the implementing entities of the Long-Term FX Risk Management Instrument alongside IFC. The Ministry will channel funds through KfW Development Bank. Starting in 2016, TCX […]

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Dutch Government announces €50m commitment to Climate Investor One

PRESS RELEASE | December 3, 2015

PARIS—At COP21, during a launch event for Climate Investor One, the Minister for Foreign Trade and Development Cooperation of the Kingdom of the Netherlands, Mrs Lilianne Ploumen announced a EUR 50 million commitment to the instrument. Climate Investor One (formerly the Climate Development and Finance Facility) will help fast-track renewable […]

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Launch of Climate Investor One at COP21

EVENT | December 2, 2015

Lab Principal and CEO of FMO, Mr Nanno Kleiterp, cordially invites COP participants to the Launch of Climate Investor One (formerly the Climate Development and Finance Facility), in presence of the Minister for Foreign Trade and Development Cooperation of the Kingdom of the Netherlands, Mrs Lilianne Ploumen.

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The Global Innovation Lab for Climate Finance seeks new initiatives to drive billions of dollars to climate adaptation and mitigation in developing countries

PRESS RELEASE | October 7, 2015

Building on hundreds of millions of dollars in initial funding for Lab initiatives and G7 endorsement, The Lab is now launching a second cycle Submit ideas here, deadline: November 6th LIMA— Today, financial leaders gather in Lima, Peru to review pledges to provide finance to help poor countries around the […]

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The Lab seeks a Senior Associate

NEWS | September 8, 2015

The Lab Secretariat is looking for a talented and a motivated individual at Senior Associate level. This position will play a key role in the initiative, and over the next year will work to help shape and launch the Second Lab Cycle, incorporating learning and experiences from the First Lab Cycle.

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G-7 voices support for The Lab

NEWS | June 8, 2015

Group of Seven leaders met in Bavaria, Germany June 7-8. In the communique released following their meetings, the G-7 committed to accelerating access to renewable energy in developing countries by building on The Lab and other initiatives.

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The UK government commits £50 million to the Climate Development and Finance Facility to help developing countries tackle climate change

PRESS RELEASE | May 29, 2015

London – The UK government has announced a £50 million commitment of existing funding to the Climate Development and Finance Facility that will help fast-track renewable energy projects in developing countries. The Climate Development and Finance Facility has been developed within the framework of The Global Innovation Lab for Climate […]

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ClimateWire features Energy Savings Insurance

NEWS | April 22, 2015

From the article featuring The Lab instrument, Energy Savings Insurance: "The idea -- which is among four proposals from nearly 100 applications -- is to underwrite energy efficiency investments. The Inter-American Development Bank has pledged a $20 million credit line and secured $2.5 million in grants from a World Bank fund. According to the consortium, the pilot is expected to attract up to $25 million in private finance."

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The Global Innovation Lab for Climate Finance launches four initiatives to drive billions in climate investment

PRESS RELEASE | April 22, 2015

Initiatives begin fundraising efforts, collectively raise over $100 million in initial funding NEW YORK – As nations work to address climate change, access to finance has emerged as a critical element particularly in developing countries, which are often unable to attract private investment to low-carbon and climate resilient activities. Today, […]

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Second Lab Principal Meeting of The Global Innovation Lab for Climate Finance

EVENT | April 16, 2015

During the Second Lab Principal Meeting of The Global Innovation Lab for Climate Finance (The Lab), The Lab reached a key milestone in the completion of its first cycle of work, presenting four climate finance initiatives designed to overcome investment barriers in renewable energy, energy efficiency, and adaptation in developing countries.

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Banking Exchange: 5 “green” resolutions for bankers

NEWS | January 5, 2015

From the article featuring The Lab: "A wave is building, formed of billions, even trillions of dollars in available financing for “green” purposes and projects. Banks and asset managers have seen an upsurge in the preference for “green” investments, exemplified by the announcement that the Rockefeller family trusts will in the future focus on “cleantech” investments."...

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COP 20 Side Event: The Global Innovation Lab for Climate Finance

EVENT | December 11, 2014

This COP 20 side event, hosted by the U.S. Department of State in partnership with the UK Department of Energy & Climate Change (DECC), the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), will share information about The Lab’s progress and its selected set of instruments. Participants will hear from an expert panel on driving climate finance in developing countries at scale, with a Q/A discussion to follow.

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The Lab Selects Four Ideas to Move into Phase 3

EVENT | October 20, 2014

The Lab has selected the Climate Development and Finance Facility, Energy Savings Insurance, the Long-term Currency Swap, and the Agricultural Supply Chain Adaptation Facility to move forward to Phase 3 of The Lab’s work to identify, refine, and ready new instruments for pilots.

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IDB blogs about The Lab and ASCAF

NEWS | October 19, 2014

Kelle Bevine is Chief of Strategy within IDB’s Structured and Corporate Finance Department (SCF). She recently blogged about The Lab's process and one of the ideas - the Agricultural Supply Chain Adaptation Facility.

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President Obama’s climate change action plan includes The Lab

NEWS | September 23, 2014

At the United Nations on September 23, President Obama participated in the Climate Summit — a meeting of world leaders to showcase climate action commitments from governments, local leaders, and the private sector. Part of the White House action plan is to mobilize climate finance and the plan cites The Lab as the key point of progress toward this goal.

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