The Lab includes leaders from governments, pension funds, investment banks, project developers and development finance institutions. Present members comprise a small, senior group of policy makers, financial experts, practitioners, and project developers. The Lab also seeks advice from beyond its membership to ensure that analysis is robust, to source further analytical, technical, commercial, and political know-how, and to build the support necessary to launch pilots.
The Lab was developed in 2014 by the UK, U.S. and Germany in partnership with several climate finance donor governments (Denmark, France, Japan, the Netherlands, Norway) and key private sector actors. These partners aimed to concentrate their relative strengths to support work to test innovative approaches to delivering climate finance. By also drawing on the experience and expertise of relevant actors in developing country governments as well as a broader network of experts, the Lab ensures that climate finance instruments are implementable and address real investment needs.
Climate Policy Initiative acts as secretariat for the Lab and provides analytical support to the Lab’s expert members, each of whom has committed to help follow through on its recommendations.
The Lab also presents the Fire Awards, an initiative that accelerates powerful, new ideas and business models that can unlock finance for clean energy and green growth, and coordinates closely with the India Innovation Lab for Green Finance, which focuses on the unique barriers to financing green infrastructure in India.
Analytical and secretariat work of The Lab is funded by the UK Department of Energy & Climate Change (DECC), the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), the U.S. Department of State, the Netherlands Ministry for Foreign Affairs, Bloomberg Philanthropies, and The Rockefeller Foundation.
Climate Policy Initiative serves as The Lab Secretariat and has led the analysis of proposed instruments, drawing on the expertise of Lab members and additional financial and investment leaders as appropriate.