Global Innovation Lab for Climate Finance Reaches 110 Member Organisations

The Global Innovation Lab for Climate Finance has expanded its membership to 110 public and private organisations, nearly four times its founding roster of 29 members from 2014. The growth follows successful launch of regional Lab programmes in the Philippines and Latin America and the Caribbean, adding new panel members to existing programmes in Brazil, East and Southern Africa, and India.

The Lab's membership growth reflects a structural shift toward greater private sector involvement: private members now account for 55% of the total, up from 41% in 2014. New global members join established institutions such as Finance in Motion, which participated in the Lab's 10th cohort selection process. The broader Lab network has collectively contributed to mobilising more than USD 4 billion in climate finance, with direct investments from members accounting for a substantial portion of that figure. The Lab's Secretariat and analytical functions are managed by Climate Policy Initiative.

The Lab serves as an incubator for innovative financial instruments designed to attract private capital to climate solutions in emerging markets. Its funding for 2024 programmes comes from Bloomberg Philanthropies, the United Nations Development Programme, and the governments of Canada, Germany, the United Kingdom, and the United States. The expansion of membership, particularly in new regional programmes, is intended to improve identification and development of context-specific financial instruments that can be replicated across geographies.

Lab leadership described member institutions as the core driver of the Lab's success, citing the wealth of expertise, dedicated support, and financial capital that members bring. The growth to 110 organisations also strengthens the Lab's ability to place new instruments with investors at its annual Endorsement event. India is among the existing regional programme locations, providing a direct channel for directing climate finance innovation toward one of the world's largest and fastest-growing emerging markets.

Key figure — USD 4 billion mobilised across the Lab portfolio