ImpactAlpha, a leading sustainable investment news platform, highlighted the new cohort of innovative climate finance vehicles selected by the Global Innovation Lab for Climate Finance. The selected teams will participate in the Lab’s seven-month design and testing process, with some eligible for pre-seed capital at its conclusion.

ImpactAlpha noted that since 2014, the Lab has supported the launch of 87 climate finance instruments that have mobilized nearly USD 4.5 billion. The article also quoted CPI U.S. Director Ben Broché on how this year’s concepts are both ambitious and grounded in the realities of raising and deploying capital in emerging markets.