CriteriaHow are ideas evaluated?
Ideas will be evaluated based on four categories:
- Degree of Innovation
- Implementation Feasibility
- 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.
- 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?
- 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?
- 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?
- 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?