Capital Markets Climate Initiative
The Capital Markets Climate Initiative (CMCI) was launched in September 2010 to establish public-private dialogue and action to help mobilise and scale up private finance flows for low carbon technologies, solutions and infrastructure, with a focus on developing countries.
CMCI is not a legal entity but rather a platform through which to share the growing wealth of financial expertise and experience and improve public-private dialogue and action on this agenda. Harnessing this expertise, it aims to:
- Developing a common understanding amongst policy makers of why and how public sector action can help mobilise private capital and encourage new markets in low carbon investments
- Demonstrating the potential impact of public sector action by developing and testing tailored financial and policy tools in specific partner country case studies to mobilise private capital
The CMCI provides a focused platform for HMG engagement, dialogue and knowledge sharing with the private sector, NGOs and research institutes on the UK’s climate finance agenda, including the UK’s International Climate Fund. This work is led by the UK Department of Energy and Climate Change and, including the UK Department for International Development and Her Majesty’s Treasury, is delivered through a high-level Steering Group, the CMCI Innovation Platform and subject specific sub-groups.
Partner countries are especially Kenya and India.
Department of Energy and Climate Change (United Kingdom - DECC)
- PBL (2015): Enhanced Policy Scenarios for Major Emitting Countries
- CCAP (2011): Climate Finance Works
- GtripleC (2010): Engaging Private Sector Capital at Scale in Financing Low Carbon Infrastructure in Developing Countries
- WRI (2016): E-learning courses and calculation tools to support the application of GHG Protocol mitigation accounting standards
- NCI, GW, 2°II (2015): Developing Criteria to Align Investments With 2°C Compatible Pathways
- Low Emission Capacity Building (LECB) Programme
- Finance Mechanisms for a Low-Carbon Development in Peru
- Capacity Building to Set Up an Emission Trading Scheme (ETS) in China
- New solar thermal power plant being built in Ouarzazate under Moroccan Solar Plan
- Enhancing Capacity for Low Emission Development Strategies (EC-LEDS)