E Co. bites: What is important about the ‘paradigm shift potential’?

3 August 2020, Category: All insights, E Co. bites

Watch our bite-sized and easily digestible video series, sharing our insights and experiences of designing low-carbon, climate-resilient development projects, across the globe. We discuss the who, where, what, why and hows behind successfully obtaining funding from major donors, including the Green Climate Fund (GCF) and Global Environment Facility (GEF).

Transcript 

Speaker: Dr Jasmine Hyman

Question: What is important about the ‘paradigm shift potential’?

The idea of a paradigm shift is really crucial — it’s the core of what the large climate funds are trying to achieve. Paradigm shift is about trying to catalyse transformational change. So while some entrepreneurs or initiatives might want to roll out a particular technology, a project that is designed to bring about a paradigm shift has market transformation, or systematic change, in mind.

What does this mean in practice? E Co. is really good at bringing together the components you must have for a system change: the policy piece, technology, organisational and individual capacity and awareness, and finance – all those elements of market barrier removal, along with, the stakeholder consultations to ensure buy in at every stage of the game.

For the GCF in particular, they want to understand the potential of their investments to act as a catalyst for a series of actions and impacts beyond their initial support. It requires a better way of designing climate interventions.

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