Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment the Government has made of the effectiveness of the work of the Global Innovation Lab for Climate Finance in driving investment in developing countries.
The Global Innovation Lab for Climate Finance (“the Lab”) is regularly assessed as part of standard programme evaluation. It has performed well and scored an “A” in the last Annual Review (which is publicly available). The Lab has so far catalysed $600million of investment in mitigation and adaptation instruments to climate change in developing countries.
Link to last Annual Review: https://aidstream.org/files/documents/CMCI-Annual-Review-Aug14-Jul16-20160823090802.pdf