100% Secure Payments
Tender Details
- Country: United Kingdom
- Summary: Climate Innovation Pull Facility (Cipf)
- GBT Ref No: 104980091
- Deadline: 09 Sep 2024
- Competition: ICB
- Financier: Self Financed
- Purchaser Ownership: Public
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: tender_304184/1389500
- Purchaser's Detail :
- Description :
- The UK Department of Energy Security and Net Zero is exploring the development of a new facility - the Climate Innovation Pull Facility. Through pull finance, this facility will support innovation, scale up and market building for climate change mitigation solutions for developing country contexts, focusing on innovative clean energy technologies and business models in a small number of specific applications/sectors, where the evidence shows support is most needed. The planned facility is up to £185m and is part of the Department's International Climate Finance portfolio and funded with Official Development Assistance (ODA).
In public innovation financing, "pull mechanisms" create incentives for innovators and other actors by creating viable market demand. They seek to reduce viability gaps and induce innovation by signalling demand for solutions to specific problems. Mechanisms often cited include Advanced Market Commitments, Results or Outcomes Based Financing, Prizes/Challenges, innovation bulk procurements, Contracts for Difference, among others. By contrast, much innovation support has to date utilised "push mechanisms" directly subsidising up-front R&D costs.
In terms of climate mitigation solutions, the Facility will have a particular focus on clean energy innovation themes. The work being explored would be linked to the Ayrton Fund commitment to support clean energy research, development and demonstration (RD&D), as part of the wider UK commitment to ... - Documents :
Purchaser : DESNZ
3-8 Whitehall Place London SW1A 2EG England
Contact Person : Department for Energy Security and Net Zero
Email :internationalclimateandenergy.procurement@energysecurity.gov.uk
If you are registered member, kindly login to view full details of this tender notice:
CLICK HERE TO LOGIN
