Approaches to Assess the Additionality of Climate Investments: Findings from the Evaluation of the Climate Public Private Partnership Programme (CP3)

This research paper by the Climate Policy Initiative (CPI) outlines methodological approaches for assessing the additionality of climate investments, specifically drawing from the evaluation of the Climate Public Private Partnership (CP3) program. The paper proposes both a qualitative multi-criteria assessment (MCA) framework and a quantitative composite index to determine if investments represent a deviation from business-as-usual scenarios.

• The Climate Public Private Partnership (CP3) is a GBP £130m program funded by the UK’s International Climate Finance that invests in climate-focused private equity funds in developing countries to demonstrate that such investments are both feasible and profitable.
• The paper proposes a methodological framework to assess additionality based on whether an investment deviates from a business-as-usual scenario, which is measured by analyzing the barriers overcome and the roles played in overcoming them.
• Additionality can be demonstrated through several mechanisms: crowding in private finance, improving a venture's access to finance, showcasing new business models or technologies to a market, and raising social and environmental standards.
• The assessment of additionality for CP3 utilizes two complementary methods: a qualitative multi-criteria assessment (MCA) framework using case studies for specific investments, and a quantitative composite index of the investment environment for portfolio-level assessments.
• Private equity funds are likely to target sectors and markets where investments are more likely to be additional due to their risk appetite and higher return expectations.

APA

Climate Policy Initiative (2018). Approaches to Assess the Additionality of Climate Investments: Findings from the Evaluation of the Climate Public Private Partnership Programme (CP3). https://www.climatepolicyinitiative.org/publication/approaches-to-assess-the-additionality-of-climate-investments-findings-from-the-evaluation-of-the-climate-public-private-partnership-programme-cp3/

Chicago

Climate Policy Initiative. Approaches to Assess the Additionality of Climate Investments: Findings from the Evaluation of the Climate Public Private Partnership Programme (CP3). 2018. https://www.climatepolicyinitiative.org/publication/approaches-to-assess-the-additionality-of-climate-investments-findings-from-the-evaluation-of-the-climate-public-private-partnership-programme-cp3/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Approaches to Assess the Additionality of Climate Investments: Findings from the Evaluation of the Climate Public Private Partnership Programme (CP3) |date=28 March 2018 |url=https://www.climatepolicyinitiative.org/publication/approaches-to-assess-the-additionality-of-climate-investments-findings-from-the-evaluation-of-the-climate-public-private-partnership-programme-cp3/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2018approaches, author = {{Climate Policy Initiative}}, title = {{Approaches to Assess the Additionality of Climate Investments: Findings from the Evaluation of the Climate Public Private Partnership Programme (CP3)}}, institution = {Climate Policy Initiative}, year = {2018}, month = mar, url = {https://www.climatepolicyinitiative.org/publication/approaches-to-assess-the-additionality-of-climate-investments-findings-from-the-evaluation-of-the-climate-public-private-partnership-programme-cp3/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }