Climate Investment Platform

General

Name of initiative Climate Investment Platform
LPAA initiative
NAZCA Initiative Yes
Website address www.climateinvestmentplatform.com
Related initiatives
Starting year 2019
End year
Secretariat Se below
Organisational structure Green Climate Fund, Pierre Telep (pierre.telep@gcfund.org); UNDP, Marcel Alers (marcel.alers@undp.org); SEforALL, George Hampton (george@seforall.org); IRENA, Rabia Ferroukhi (RFerroukhi@irena.org)
Geographical coverage Global
Name of lead organisation Climate Investment Platform
Type of lead organisation NGO/Civil Society
Location/Nationality of lead organisation

Description

Description A unified mechanism for governments, international organizations and private sector partnerships to support the realization of ambitious climate plans in the context of updated NDCs. The platform declutters and streamlines support from lead and partner institutions. These institutions will use the platform to provide a menu of services to governments and private sector clients in their efforts to scale-up energy transition.

The platform will cover four tracks which will provide an integrated approach towards the global energy transition. The Climate Investment Platform is a public good, building on the Green Climate Fund’s capacity to bring together public and private sectors. The Platform aims to accelerate investments for low carbon, climate-resilient development. Its purpose is to provide a coherent and integrated approach that leverages synergies among key partnerships to deliver systemic transformation and visible climate impact. The first sector to be covered by the Platform is the energy transition, with the provision of streamlined support to developing countries and the private sector to transform national markets and accelerate investments for an effective energy transition, and to enable the delivery of ambitious NDCs.

Objectives To accelerate investments for low-carbon, climate-resilient development. The provision of streamlined support to developing countries and the private sector aims to transform national markets and accelerate investments for an effective energy transition, and to enable the delivery of ambitious NDCs. As a market transformation vehicle, the Platform will help raise climate ambition with definition of clear targets and support the realization of the frameworks required to meet those targets. As an investment catalyzer, the platform will scale-up energy transition investments through increased access to risk transfer instruments and deal-making by matching relevant market constituents. The platform will seek to directly mobilize USD 1 trillion in clean energy investment by 2025. The platform will commit to engage in support for an initial 20 countries in its first year.
Activities Track 1: Helping countries to raise and specify their energy targets in NDCs.

Track 2: Providing support for well-designed and implemented national clean energy policies and regulations to scale-up private investment. Track 3: Facilitating access to project preparation funding and de-risking instruments to ensure bankability. Track 4: To declutter access to climate investment through facilitated deal-making, syndication, and matching of projects and funding.

One or two success stories achieved

Monitoring and Impacts

Function of initiative
Activity of initiative
Indicators
Goals To accelerate investments for low-carbon, climate-resilient development.

The platform will seek to directly mobilize USD 1 trillion in clean energy investment by 2025. The platform will commit to engage in support for an initial 20 countries in its first year.

Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 18  
Companies 0
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 7 Cameroon,  Canada,  Denmark,  Ethiopia,  Rwanda,  Turkey,  United K.
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 9 International Renewable Energy Agency - IRENA (United Arab Emirates),  ldc Group (France),  Pacific Sids (Fiji),  Se4All (Austria),  United Nations Convention To Combat Desertification - UNCCD (Germany),  UNDP (USA),  UNIDO (Austria),  World Bank Energy Sector Management Assistance Program (USA),  WRI (USA).
Financial Institutions 2 European Investment Bank (Luxembourg),  Green Climate Fund (South Korea)
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No Yes No No No No No No No No Yes Yes No No No No No No Yes
Last update: 16 June 2020 14:21:22

Not only have national states as participators