By supporting the stakeholder-driven development of innovative solutions, the CTP allows developing countries to mitigate emissions and increase climate resiliency while also actively and profitably participating in the global clean technology revolution. In addition to achieving climate and energy impacts, results are measured in new jobs and businesses created, helping countries achieve their green growth objectives.
The CTP’s flagship initiative is the development and implementation of country-level Climate Innovation Centers (CICs). The CICs are designed as locally owned and run institutions that provide a suite of services and venture financing that address the specific needs of local climate innovators and companies. At the global level, the CTP is providing linkages between CICs by facilitating market entry, access to information and financing for the private sector, while also offering important tools for policy-makers to measure and improve domestic climate innovation activities.
The CTP complements other climate efforts by providing a pipeline of viable companies and projects that can be further supported. By helping early-stage innovators overcome initial challenges, the CTP will provide viable investment opportunities for climate finance programs. The CICs can also link to the UN Climate Technology Center and Network (CTC&N) by providing expert institutions on the ground with excellent knowledge of local climate technology challenges.