Scope. The prize supports active climate projects and programmes that demonstrate measurable greenhouse gas emission reductions or increase the adoption of effective climate solutions. It aims to accelerate the implementation and scaling of innovative approaches that mitigate climate change, reduce emissions and contribute to long-term decarbonisation worldwide.
Sectors. Carbon sinks and carbon capture, utilisation and storage (CCUS), clean energy, climate finance, social and cultural pathways to decarbonisation, transport and mobility, sustainable infrastructure, nature-based solutions and greenhouse gas emission reductio.
Eligible applicants. Organisations and project teams from around the world, including start-ups, companies, universities, research groups, non-profit organisations, NGOs, public-sector institutions and community initiatives. Projects must be active and implemented, rather than ideas or completed projects. Applicants must comply with applicable US sanctions and other programme eligibility requirements. Applications must be submitted in English.
Key requirements. Projects should: demonstrate an active, implemented climate solution with measurable potential to reduce greenhouse gas emissions or increase climate mitigation; quantify actual or expected greenhouse gas emission reductions using a credible methodology; demonstrate the potential for functional and financial scalability beyond the current project or location; provide evidence of the solution's effectiveness, impact and implementation progress; explain the project's business model, funding needs and plans for future growth; identify the primary prize category and any relevant secondary categories; demonstrate how the project can contribute to wider climate mitigation efforts and be replicated or expanded in other markets or communities; submit a complete application in English and provide the information required for the programme's evaluation and due diligence.
Funding & duration. Ten winners are selected annually across five prize categories, with each winner receiving USD 50,000 to support the scaling and development of their climate solutions. The prize also provides international visibility, networking opportunities and access to a wider climate innovation community. There is no standard project duration specified for the award; applicants must demonstrate that their projects are active and have credible plans for continued implementation and scaling.