Criteria

How are ideas evaluated?

Criteria

Evaluation criteria

Ideas will be evaluated based on four categories:

  1. Degree of Innovation
  2. Implementation Feasibility
  3. Scalability
  4. Climate Impact

Since each idea is unique, some of the detailed criteria and questions described below may not be fully relevant. This should give you a good idea of the kinds of things we will thinking about when evaluating ideas in each stage of the competition.

1

Innovation

  • What’s innovative about the proposed idea?
  • Is this an untapped climate opportunity?
  • Does it target untapped investors and new sources of capital?
  • Is this a new and innovative financial tool, instrument, or structure?

1

2

Feasibility

  • Is the proposed idea credible and could it potentially materialise?
  • Are the returns attractive and sound to justify a due-diligence exercise? 
  • Would it be an attractive proposal for ordinary capital, or at the very least, concessional capital?
  • What is the level of complexity associated with the proposal?
  • Have financial and non-financial risks been highlighted? Have mitigating actions been properly identified?

2

3

Scalability 

  • Does the opportunity have replicability potential? How rapidly and economically can this proposal be used again?
  • Is it easily transferrable to other types of investments? Does the transferability imply pooling opportunities (like for green bonds?)
  • What operating conditions or policies are required? Can it be used in all jurisdictions, or is it policy-dependent?
  • Are there any specific requirements to scale-up investment? Is there a volume threshold that needs to be met for scalability?
  • How large is the immediate and / or long-term target market? 

3

4

Climate Impact

  • What is the climate impact of the proposal? Is the impact near-term or long term? Does it focus on climate mitigation or adaptation?
  • What measurements / KPIs are used to quantify the impact? (e.g., emissions reduction, energy savings, reduced flood risk, land value)
  • Do the climate impacts include social co-benefits? Who benefits from them and have they been quantified or monetised?
  • Does the proposal have any transformational impact on stakeholders, post-implementation?

4

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