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Climate Private Public Partnership Programme - Monitoring and Evaluation

The GBP 140 million Climate Public Private Partnership (CP3) - a highly innovative programme that uses an unusual model to deliver UK ODA which is jointly managed and funded by BEIS (formerly DECC) and DFID. The CP3 programme is built on the assumption that private finance is essential to delivering substantial developmental and climate benefits, including stronger and more responsive financial markets which are the backbone of productive and low-carbon economic systems where people can take the lead to escape poverty and improve their lives.

CP3 aims to increase the amount of funding in Private Equity (PE) in the climate friendly space both by directly funding two commercially run PE Funds (who in turn fund sub funds and projects which would therefore be able to conclude their investments) and thus inducing a leveraging effect, i.e. bringing on board other donors and other institutional investors (sovereign wealth funds, pension funds and insurance funds), as well as by making direct investments in the climate area. This will also have a "demonstration effect", showing that PE climate investment (and climate projects in general), have good financial risk and return, thereby helping the climate friendly market to grow faster.

LTS provides rigorous M&E of CP3, for both accountability and learning, to inform on-going delivery and help mitigate some of the risks associated with this highly innovative programme. The M&E support covers a range of activities throughout the programme cycle - starting with the development of baselines, indicators and milestones; the design and management of a system for monitoring financial and development impacts; and conducting reviews and evaluations to test the theory of change and eventually overall impacts.

The LTS team will capture, through on-going monitoring, the results of the programme as set out in the log frame and test the original theory of change model and its underlying assumptions. Several impact dimensions will be assessed, including among others, success in leveraging private investments for climate mitigation and adaptation, human development impacts, as well as transformational impacts such as the creation of financial infrastructure and the development of local capital markets that can help lever additional private investment. Where appropriate, opportunities for improvement will be identified and communicated on an ongoing basis to refocus efforts where necessary and to inform similar projects.

Department for International Development

Climate Change, M&E


2014 - 2017

Climate Change, M&E, DFID