Climate Investment Platform
|Name of initiative||Climate Investment Platform|
|Organisational structure||Green Climate Fund, Pierre Telep (firstname.lastname@example.org); UNDP, Marcel Alers (email@example.com); SEforALL, George Hampton (firstname.lastname@example.org); IRENA, Rabia Ferroukhi (RFerroukhi@irena.org)|
|Name of lead organisation||Climate Investment Platform|
|Type of lead organisation||NGO/Civil Society|
|Location/Nationality of lead organisation|
|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|
|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|
|Research and educational organisations||0|
|National states||7||Cameroon, Canada, Denmark, Ethiopia, Rwanda, Turkey, United K.|
|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)|
|Number of members in the years|| |
|Have only national states as participators||No|
|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|
Not only have national states as participators