NDF - Financing for climate change and development projects

New NDF publication on the role of challenge funds in spurring climate innovation

11.12.2018

The publication is launched at COP24 in Katowice, Poland, on Tuesday 11 December at 15:30 local time in an NDF-organised side event at the Nordic Pavilion.

NDF’s new publication Spurring climate innovation through challenge funds explores innovation spurred by two challenge funds that are managed by NDF, the Nordic Climate Facility (NCF) and the Energy and Environment Partnership covering Southern and East Africa (EEP Africa) Trust Fund. It is the first time a systematic approach has been used to assess how NDF fosters innovation through these challenge funds.

One of the findings of the study is that innovations can take many forms and there is space for innovation on a number of fronts. Technological innovation was seen only in a small portion of all project applications.

Read the publication here.