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Announcing the Winners

Congratulations to the winning teams!

  • Model-Based Macroeconomic Frameworks for Assessing Climate Impact
  • DMXi—Scenario Analysis to Integrate Climate Change in Your Country’s Macro Framework
  • Monitoring Disaster-Related Trade Disruptions from Space
  • Machine Learning-Based Toolbox for Climate Policy Analysis
  • Adapting External Sector Assessments to Climate Change

The winning teams were selected based equally on the quality of their pitches, finalized bootcamp deliverables, and the following criteria: (i) relevance and potential impact; (ii) feasibility; (iii) innovation and additionality; (iv) team composition and engagement; and (v) support from stakeholders.

Winners will receive up to $50,000 in seed funding to develop a concrete proof of concept to further their ideas.

    Top Nine Proposals

    The IMF is pleased to announce the shortlisting of the top nine project proposals of the Climate Innovation Challenge. Congratulations to the teams!

    The challenge received 45 proposals from country authorities, CSOs, IMF staff, and other IFIs around the world. The proposals were carefully evaluated against the challenge criteria by a panel of 23 IMF and external topic experts to shortlist the finalists.  

    The top nine finalists have been be invited to take part in the innovation training and solution development bootcamp starting in January. The teams that successfully complete the bootcamp will pitch their project proposals at the Final Pitch Event during the 2022 Spring Meetings, where the winning teams will be selected and announced.

    List of top nine proposals:

    1. Machine Learning-Based Toolbox for Climate Policy Analysis
    2. Adapting External Sector Assessments to Climate Change
    3. Model-Based Macroeconomic Frameworks for Assessing Climate Impact
    4. Monitoring Disaster-Related Trade Disruptions from Space
    5. Reducing Carbon Footprint Through Green Procurement
    6. DMXi—Introducing Scenario Analysis to Integrate Climate Change in Your Country’s Macro Framework
    7. Tools to Advance Sustainable Travel
    8. Hunger Monitoring from Space: Climate Shocks, Agricultural Stress, and Food Security
    9. Road to Net-Zero: Occupational Mobility and Labor Reallocation Impacts of Climate Transition Shocks

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    About the Challenge

    At the IMF, climate change is now at the heart of our work on economic and financial stability, growth, and jobs.  Policy innovation is central to helping member countries reduce emissions, build resilience, and capture the opportunities for greener growth. 

    How might we integrate climate change into economic analysis to promote green policies?

    To help answer this question, the IMF is organizing an innovation challenge on the economic and financial stability aspects of climate change. Country authorities/agencies, civil society organizations (including think tanks), and staff from the IMF, World Bank, and international organizations are invited to submit proposals that have the potential to enhance the IMF’s capacity development, policy advice, and operational impact in areas where economic and financial policies intersect with climate change.

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    Timeline

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    Partners

    The IMF is grateful to the Switzerland State Secretariat for Economic Affairs (SECO) for sponsoring this Challenge. 

     

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    The World Resources Institute (WRI) will help the challenge finalists with climate expertise as a technical partner.

     

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    View the proposals

    Visit the proposal website to learn more about the challenge, including details on eligibility and the evaluation process, and to view the proposals.

    https://imfilab.brightidea.com/climate

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    Explainer video

    Managing Director Kristalina Georgieva Announces the IMF Climate Innovation Challenge

    The IMF Climate Innovation Challenge