The Carbon Trust is one of 13 organisations across the globe supporting the World Bank’s new Climate Business Innovation Network (CBIN). The network has been created to address the urgent need for commercialisation of climate technologies, and for them to be diffused throughout emerging countries to confront present climate concerns.
With countries gearing up to implement their Nationally Determined Contributions under the Paris Agreement on climate change, it is essential they are able to deploy innovative clean technologies. The network will allow climate technology businesses in developing countries to access the expertise and know-how needed to adapt and adopt innovative business models that have been proven in other countries.
The CBIN will initially consist of 30 organisations representing a range of global, regional and local remits, which will leverage their range of experience to contribute to clean technology deployment across 12 developing countries. These include foundations, non-profits, bilateral donors, accelerator networks, business associations, multinational corporations, investor networks, and social impact funds.
Specifically, the network will focus on:
Spreading models to enable climate innovation: Countries have implemented a range of strategies to catalyze innovation locally and globally to create new technologies for climate mitigation and adaptation. The network will be the premier vehicle to gather experiences and share them with participating countries and stakeholders.
Diffusing disruptive green business models: The innovation we are seeing in every country around the world in climate sectors is creating many new business models which not only address climate challenges but do so in a commercial manner that creates jobs and investments. The network will gather, collect, and share these successes, linking private sector firms and government entities across boundaries to facilitate this transfer.
Crowd-in global sources of finance for climate tech innovation: Both the public and private sector have shown keen interest to invest in novel climate change solutions with developing country applications. There are many barriers to such investment, however, including lack of knowledge, high transaction costs, and challenges to align different investor interests. The network will gather these sources of funding for climate innovation to channel them effectively among a pipeline of promising options.
Officially launched at an event held by the World Bank during COP22 in Marrakech, Tom Delay, Chief Executive of the Carbon Trust shared his views on the importance of the private sector in accelerating the transition to a sustainable, low carbon world. The panel also included prominent figures including James Close, Director, Climate Change, World Bank Group; Nizar Baraka, President of the COP22 Scientific Committee; Judi Wakhungu, Minister of Environment and Natural Resources, Kenya, and Mahama Ayariga, Minister of Environment, Science Technology and Innovation, Ghana.
Like our Facebook Page
Prominent Trends in Seafood Sustainability in 2022
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
Tips for Optimal Waste Management in Your Home
The Agricultural Benefits of Weather Stations for Eco-Friendly Farmers
What Makes Online Furniture Eco-Friendly?
How Eco-Friendly Indian Tourists Can Apply for Visas to Brazil
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Teaching Them While They’re Young: Sustainability Tips for All Ages
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
4 Ways To Build A Sustainable Home
Why Transitioning Your Company to an EV Fleet Makes Sense?
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
- Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy11 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features10 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor