It’s game-on for financial engineers seeking to mobilize capital to advance the Sustainable Development Goals and the global climate agreement.
The latest cases-in-point are the nine instruments selected by the Climate Finance Lab, a private-public partnership that has already launched 25 financial vehicles that have mobilized $978 million, including $228 million from Lab members themselves.
The new candidates include mechanisms for accelerating clean energy, low-carbon transit and sustainable land use. The Green Aggregation Tech Enterprise, for example, aims to streamline renewable energy mini-grids in sub-Saharan Africa.
In India, the Residential Rooftop Solar Accelerator will lease systems to households that lack the credit history to purchase them, while Financing for Low-Carbon Auto Rickshaws will lend money for low-carbon and electric rickshaw drivers, lowering emissions and helping drivers gain independence from renting.
The Socio-Climate Benefits Fund Facility aims to restore Amazon forests with long-term loans for smallholder farmers of low-carbon protein from fish, poultry and pigs.
The nine ideas, selected from more than 100 submissions, will go through a development cycle in preparation for launch by the end of the year. See all of The Lab’s prospects here.
Read more: https://news.impactalpha.com/nine-financing-structures-to-overcome-barriers-to-low-carbon-solutions-d4bdf669a45d