The UN Development Programme's (UNDP) MDG Carbon and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
announce that 12 proposals have been shortlisted for the Climate Finance Innovation Award.
The winning proposal will be awarded US $10,000.
3 December 2014: The UN Development Programme (UNDP) MDG Carbon and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. have announced 12 shortlisted proposals for the Climate Finance Innovation Award. The winning proposal will be awarded US$10,000.
The objective of the Climate Finance Innovation Award Contest is to harness collective intelligence to increase private and public investments in developing countries and assist them in achieving sustainable, low carbon, green growth. Among other recommendations, some of the shortlisted proposals recommend pay-as-you-go carbon offsetting applications for smart phones and developing a market-delivery system of wind-solar energy by shifting the model of community owned electricity plants.
UNDP MDG Carbon, launched in 2007, aims to harness the carbon market’s resources to bring sustainable development to developing countries and has helped implement low-carbon interventions and leverage significant private-sector co-investments. [Climate Finance Options Press Release] [Climate Finance Innovation Award Announcement]