The Global Innovation Lab for Climate Finance is pleased to announce a significant increase in its membership, with more than 100 distinguished public and private organizations now collaborating to accelerate climate finance innovation and promote private investments in emerging markets.
Over the past decade, the Lab’s membership has nearly quadrupled, from 29 organizations in 2014 to 110 global and regional members today. Particularly noteworthy is the consistent rise in private sector participation, with private members now constituting 55% of the total, compared to 41% in 2014.
This surge in membership follows the successful launch of regional programs in the Philippines and Latin America and the Caribbean. New regional panel members from these areas are joining the network of experts across existing programs in Brazil, East and Southern Africa, and India. Additionally, the Lab has welcomed new global members, further fortifying its capacity to identify and develop transformative financial instruments.
Elvira Lefting, Managing Director at Finance in Motion, conveyed her enthusiasm for the Lab’s efforts, stating, “We need to see bold ideas come forward and support the teams who pursue them. As a new global member, we are very happy to have supported the selection process of the Lab’s 10th cohort and to contribute to developing these outstanding teams and endeavors. The collaborative spirit among members points to a powerful force for tackling climate challenges.”
A significant portion of the Lab’s portfolio mobilization figures, which now exceed USD 4 billion, originates from direct investments from its diverse membership and broader network. Through collaborative efforts, the Lab continues to unlock new opportunities and scale up impactful climate finance initiatives globally.
“The Lab’s membership is the core driver of the Lab’s success. Our member institutions bring a wealth of expertise, dedicated support, and financial capital to the table, amplifying the Lab’s capacity to catalyze sustainable investments in emerging markets,” said Ben Broché, Climate Policy Initiative’s Associate Director, who leads the Lab’s efforts.
The Global Innovation Lab for Climate Finance identifies, develops, and launches innovative finance instruments that can drive billions in private investment to action on climate change and sustainable development. The Lab is funded by Bloomberg Philanthropies, the United Nations Development Programme, and the governments of Canada, Germany, the United Kingdom, and the United States, with Climate Policy Initiative serving as the Secretariat and analytical provider.
For media inquiries or further information, please contact:
Júlio Lubianco
Communications Manager
[email protected]
Sam Goodman
Communications Associate
[email protected]