Overview of the projectSEED Practitioner Labs Climate Finance engage leading finance-focused organisations, financial institutions, fintech experts, climate experts and sector experts to co-create innovative climate finance products that increase financial flows to the missing middle of small and medium-sized eco-inclusive enterprises. SEED Labs participants are empowered through ample collaboration and hands-on prototyping opportunities to turn major financing challenges into robust financial product prototypes that innovate the next generation of climate finance. The Practitioners Labs Climate Finance process has been kicked-off in Accra in April 2019 with five climate finance products in development by our Challenge Hosts: Stanbic Bank, GIZ, MDF Consultancy, MBC Africa and Wangara Green Ventures. These financial products for climate-smart enterprises could be showcased at the Climate Chance Summit and presented by SEED and the Challenge Hosts. To give some examples, one product is a mobile-enabled microinsurance product to protect smallholder farmers against climate-risk induced crop and harvest lost. Another product is a dual financing mechanism through a venture capital fund to provide long-term finance for solar enterprises in addition to asset financing by financial institutions to enable an effective establishment of a pay-as-you-go mechanism for example. The Practitioner Labs Climate Finance have already been successfully implemented in Uganda, Thailand and India and are currently implemented in South Africa as well. This allows to exchange on further best practice examples and encourage collaboration across countries.
Accelerating climate finance by a co-creating localised and innovative climate finance products.
The International Climate Initiative of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety support the implementation of SEED activities (of which the Practitioner Labs Climate Finance are one programme) across Ghana, South Africa, Uganda, India, Indonesia and Thailand.