Climate Innovation Pull Facility - Market Engagement

Amounts and figures

Description

Please note that this PIN is issued to inform the market of an upcoming market engagement event and is not a formal PIN marking the start of a procurement procedure. More information about the next steps and forward timeline will be provided in the meeting and in future notices. All information shared in this notice and at the event is indicative and subject to full and final approvals by the Department. 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 subject to approvals. If agreed would be part of the Department's International Climate Finance portfolio and funded with Official Development Assistance (ODA). What do we mean by "pull mechanisms"? In public innovation financing, "pull mechanisms" create incentives for inno…

Official publications

• UK's future dependencies on China's clean energy supply chains
  Published: 17 January 2024
• COP 28 Translation Services for UK Pavilion
  Published: 5 January 2024
• Research to quantify the economic opportunities as a result of global energy transition for future UK Government policy development.
  Published: 3 January 2024
• Flex Markets Unlocked Innovation Programme: Phase 1 SBRI
  Published: 8 December 2023
• Research to understanding the potential of international cooperation in the North Seas
  Published: 28 November 2023
• Viet Nam Offshore Wind Centre of Excellence - Implementation phase
  Published: 20 November 2023
• Clean Energy Innovation Facility (CEIF) Platform Monitoring, Evaluation and Learning Partner
  Published: 16 November 2023
• Climate Action Support Alliance (CASA) COP 28 Office Space
  Published: 13 November 2023

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Frequently asked questions

What is the estimated value of this tender?

The estimated value published by the buyer is £185,000,000.

Who is the buyer of this tender?

The contracting authority is BEIS (United Kingdom).

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