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Good practices of initiative:

Development of the Natural Capital Lab

Relevance

It measures the alignment of the initiative with existing policy frameworks in the country. In addition, the scalability of the initiative to other realities and geographies is valued.

Framework	Description	Ambit	Country	Source
IDB: Institutional Strategy 2010-2020	The initiative aligns with the objective of providing knowledge and innovation ecosystems and with the cross-cutting theme of climate change and environmental sustainability, promoting the integration of natural capital into development planning and financing.	Hemispheric	Latin America and the Caribbean (countries)	Link
United Nations Framework Convention on Climate Change	The project promotes the conservation and enhancement of ecosystems as economic and natural assets that contribute to climate change mitigation and adaptation, in accordance with the international commitments of the countries of the region.	Global	World (aggregate)	Link

Effectiveness

This measures how well the objectives and goals set out in the initiative were fulfilled, as well as the extent to which the results achieved are attributable to the actions implemented by the initiative.

Indicator	Description	Indicator Type	Measure Unit	Base date	Base	Goal	Measure Date	Measure	Compliance	Source
Number of innovative financial instruments developed or piloted	Measures the number of new financial instruments or methodologies developed to value or finance natural capital in the region.	Effectiveness	Number	07-05-2019	0	3	30-04-2021	3	100
Number of technical and methodological studies prepared on natural capital.	Assesses the production of applied studies supporting policy and project design on natural capital and biodiversity.	Effectiveness	Number	07-05-2019	0	5	20-04-2021	5	100
Number of institutions participating in the Natural Capital Lab.	Measures the institutional reach and collaboration level of the Lab, including public, private, and multilateral entities.	Effectiveness	Number	07-05-2019	0	15	30-04-2021	18	120

Efficiency

Efficiency is the assessment of whether a public intervention achieves its objectives while using resources in a way that the costs incurred are proportional to the economic, social, or environmental benefits obtained.

Indicator	Description	Indicator Type	Measure Unit	Base date	Base	Goal	Measure Date	Measure	Compliance	Source
Benefit/Cost Ratio	Assess the profitability of studies in terms of practical application.	Efficiency	Ratio	2019-05-07	No especificada en el documento.	≥ 1		1.2
Cost per tool developed.	Determine the unit cost of developing the technological tools implemented.	Efficiency	US$/product	2019-05-07	No especificada en el documento.	≤ 100 000		95 000
Cost per event.	Measure the average cost per regional outreach event.	Efficiency	US$/event	2019-05-07		≤ 30 000		28 000

Sustainability

It measures the installed capacities or actions identified to maintain or improve the results of the policy initiative.

Indicator	Description	Indicator Type	Measure Unit	Base date	Base	Goal	Measure Date	Measure	Compliance	Source
Maintenance and expansion of the Natural Capital Lab as an active regional platform.	Verifies the institutional continuity of the Lab, its ability to attract new funds, and replicate the model in other countries.	Sustainability	Existence and continuous operation (Yes/No)						100%

Learned lessons

Gained knowledge from implementing, evaluating, and managing a policy intervention, including why it was or was not effective and how it could be improved in the future.

Lesson	Description	Source
The project demonstrated that financial innovation for nature requires flexible and multi-sectoral institutional structures.	The creation of the Natural Capital Lab made it possible to combine technical knowledge, financing, and public policy. The active participation of governments, IDB Invest, IDB Lab, and the private sector generated a community of practice that extended beyond the TC.