In February 2018, the Global Innovation Lab for Climate Finance selected PAYS for Clean Transport as one of three new investment vehicles to drive much-needed finance to low-carbon, climate-resilient global development, out of more than 100 ideas submitted into a competitive pool.
The Lab worked with experts and investors to analyze and stress-test this concept, catalyze partnerships in both the public and private sectors, conduct rigorous financial analysis, and to connect Clean Energy Works with decision-makers who can apply this breakthrough solution in the target countries.
In September 2018, the Lab endorsed the PAYS for Clean Transport concept.
Information on PAYS for Clean Transport from the Lab: