The Lab in Southern Africa

About

The Lab’s Southern Africa stream addresses issues unique to the Southern Africa Development Community (SADC) region. Due to a combination of exposure to climate change stresses and low adaptive capacity, the SADC includes some of the most vulnerable countries to climate change.

The SADC member states. Image credit: SADC

With 70% of regional water resources crossing national boundaries, water resource management is recognized by all states as a priority to act upon. Increasing sustainable energy production and access is another item at the top of most SADC states Nationally Determined Contributions agenda. By 2027, the SADC countries have pledged to fulfill their 150GW hydropower generation potential, from 12GW in 2013. Sustainable land use and forestry, transportation and waste treatment are additional top priorities.

National budgets can cover only a fraction of the required investments. International public and private financing, as well as capacity-building support, are needed for these countries to reach their targets.

With support from the Development Bank of Southern Africa, and in collaboration with regional financial and technical experts, the Lab’s Southern Africa Program supports the development of innovative investment instruments that respond to specific challenges in the region enabling to reach its climate priorities.

Members

Farai Kanonda
Regional Operations Manager – Energy and Infrastructure, African Development Bank (AFDB)

Kidanua Gizaw
Senior Climate Finance Officer, African Development Bank (AFDB)

Mwila Musumali
African Development Bank (AFDB)


Gareth Phillips
Manager, Climate and Environmental Finance, African Development Bank (AFDB)


Anne Keppler
Regional Director of Southern Africa, DEG


Paul Currie
Chief Investment Officer, Development Bank of Southern Africa (DBSA)

Catherine Koffman
Group Executive Head of the Project Preparation Division, Development Bank of Southern Africa (DBSA)


Jim Hodges
Regional Representative for Southern Africa & Indian Ocean, European Investment Bank (EIB)

Nadège Hopman
Deputy Head of Regional Representation, European Investment Bank (EIB)


Silke Stadtmann
Head of Southern African Office, German KfW Development Bank

Kevin Leask
Southern African Office, German KfW Development Bank


Jonathan First
Managing Director, GFA Climate and Infrastructure (GFA)


Bashi Gaetsaloe
Independent


Kevin Njirani
Regional Director Southern Africa & Nigeria, International Finance Corporation (IFC)


Mike Peo
Head of Infrastructure, Energy and Telecommunications, Nedbank


Nigel Beck
Head of Sustainability Finance & ESG, Rand Merchant Bank (RMB)


Heather Jackson
Chief Executive Officer, RBN Fund Managers

The Green Guarantee Company (GGC)

A specialist guarantor that will provide guarantees to mobilize climate finance from global credit and capital markets to support climate mitigation and adaptation projects in emerging markets.

P-REC Aggregation Fund

The Peace Renewable Energy Credit (P-REC) is a financing mechanism to unlock investment in fragile, energy-poor countries. The P-REC Aggregation Fund will aggregate and sell P-RECs to investors to provide up-front equity capital for project developers for a portfolio of renewable energy projects.

Climate Adaptation Benefit Units

Climate Adaptation Notes

A new and innovative funding source for water and waste-related climate adaptation infrastructure projects in Southern Africa that have struggled to attract long-term sustainable financing.

Accelerating climate finance — Lab leads innovation in finance with 7 new deals from methane to affordable housing to climate-smart shrimp

March 3, 2022

LONDON – The Global Innovation Lab for Climate Finance (the Lab) has selected seven new climate finance ideas for its 2022 acceleration program. The Lab will develop cutting-edge financial concepts that tackle barriers to investment and unlock sustainable private financing in emerging economies. Pilots are planned for Brazil, India, Kenya, South Africa, and Southeast Asia. “The 2022 Lab […]

How private capital can be leveraged to fight climate change

February 9, 2022

Lab instrument The ACT Fund was featured in an article on the World Economic Forum website, authored by Brad Handler and Morgan Bazilian of the Colorado School of Mines, as an example of innovative approaches to using public funds can reorient their investment approaches to take on more risk and mobilize more private capital. Read: […]

The Lab Demo Day 2021

September 30, 2021

 The Global Innovation Lab for Climate Finance hosted a virtual Demo Day on 20 October to present its 2021 groundbreaking climate finance ideas to the world. Each year, Lab ideas represent the latest and greatest in sustainable investment, and this year is no exception with over USD 300 million in philanthropic, concessional, and commercial […]

Webinar: Investing in smallholders’ regenerative practices

August 10, 2021

Download the presentation slides In the Climate Finance for Sustainable Agriculture: The Lab Webinar Series, developed for IFAD, the Lab presents some of its innovative financial instruments to catalyze greater investment into the sustainable agriculture sector, including key elements identified through the Lab development and updates on the current status. Each one-hour session has an […]

The Lab selects six new ideas that create climate investment opportunities for a sustainable economic recovery in emerging economies

March 2, 2021

Selected ideas will tackle investment barriers in key sectors across Africa, Asia and Latin America Since 2014, the Lab has incubated 49 ideas that have mobilized USD 2.4 billion to date LONDON – The Global Innovation Lab for Climate Finance (the Lab) has selected six new climate finance ideas for its 2021 acceleration program. In the […]

The Lab opens call for innovative climate finance ideas

November 6, 2020

Climate finance entrepreneurs can apply for the Lab’s 2021 development cycle Ideas should address barriers to climate investment in emerging markets, as well as challenges for a post-COVID, green economic recovery The deadline is 22 December 2020; selected ideas will be announced in February 2021 London, 06 Nov 2020 – Climate finance entrepreneurs from all […]

Webinar: The Lab Call for Ideas 2021

October 28, 2020

Download the webinar slides here. The Global Innovation Lab for Climate Finance is currently accepting proposals for innovative finance solutions that can unlock investment to tackle some of the most difficult climate and sustainable development challenges, especially those that also support a post-COVID, green economic recovery. Selected ideas, announced in February 2021, receive over 7 […]

The Lab launches eight new finance solutions to drive climate action and green recovery

September 28, 2020

Today, the Global Innovation Lab for Climate Finance (the Lab) launched eight innovative finance solutions to drive private resources to climate action in developing economies. After a thorough process of analysis, development and stress-testing, these solutions are ready to provide investment opportunities for a post-COVID, green economic recovery. The Lab, an initiative of over 60 […]

Forbes: Meet The Entrepreneur Whose Kenyan ‘Airbnb For African Forests’ Just Raised $28 Million

July 29, 2020

2018 Lab proponent Komaza has secured the first close of $28m of the company’s planned $33m Series B equity financing. This is one more step towards fundraising for the Smallholder Forestry Vehicle. “Komaza is a vertically integrated forestry company. We work on the entire chain of forestry, we own and operate the largest seedling nursery […]

Live Q&A: How to improve smallholders’ access to finance in sustainable farming systems

May 27, 2020

Download presentation As a part of Global Landscape Forum Digital Summit, CPI Senior Analysts Daniela Chiriac and Tatiana Alves participated in a live Q&A session on how to improve smallholders’ access to finance in sustainable farming systems.  Five entrepreneurs from the Lab joined the session to share their practical experience in developing climate finance instruments […]

The Lab announces 2020 program winners to mobilize investment for sustainable cities, energy access, nature-based solutions, and sustainable agriculture

March 5, 2020

Mar 5, 2020 LONDON – The Global Innovation Lab for Climate Finance (the Lab), an investor-led initiative that identifies, develops, and launches promising solutions to drive critical public and private investment to action on climate change in developing countries, has selected its top eight ideas for 2020, the 6th year of its annual competition. The Lab […]

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