Our Clean Utilities for Affordable Housing instrument endorsed during 2024 NYC Climate Week

The Global Innovation Lab for Climate Finance (the Lab) gathered last week in New York to endorse its 2024 class of innovative climate finance solutions. The class features 10 ideas across five regional programs and three thematic streams.

The combined investment opportunities in this class total USD 490.5 million, targeting philanthropic, public, and private investors. Pilot projects are planned in various countries, including Brazil, Colombia, India, Mexico, the Philippines, and South Africa.

The solutions tackle various challenges, such as expanding access to renewable energy for low-income households, promoting gender equity in climate-smart agriculture, supporting sustainable and regenerative land management practices, and improving urban infrastructure resilience to reduce food waste and emissions.
The Lab is a public-private initiative that aims to accelerate the development of innovative climate finance solutions and instruments to unlock private capital for emerging and developing countries. It brings together over 100 institutions from government, development finance, philanthropy, and the private sector to identify, develop, and launch promising ideas for sustainable investment.

The Lab’s endorsement was part of its 10th-Emery offices during New York Climate Week. Additionally, the publication A Decade of Climate Finance Innovation: Impact Lessons from the Lab was released, highlighting key insights into the challenges faced and successes achieved since the Lab’s launch in 2014. The Lab has now supported 78 instruments that have collectively mobilized more than USD 4 billion for climate action.

For more information: https://www.climatefinancelab.org/news/lab-endorsement-2024/

Written by Júlio Lubianco
CPI, Communications Manager