Since 2008, the $8.3 billion Climate Investment Funds (CIF) has been leading efforts to empower transformations in the energy, climate resilience, transport, and forestry sectors. CIF concessional financing offers flexibility to test new business models and approaches, build track records in unproven markets, and boost investor confidence to unlock additional finance from other sources, including the private sector, governments, and the multilateral development banks (MDBs) that implement CIF-funded projects.
Sound management of the vast forest resources in sub-Saharan Africa is key to enhance climate change response in a continent worst hit by the negative impacts of that phenomenon, scientists said Monday.
The world's poorest nations say the Paris climate agreement is their "lifeline" and must be strengthened.
Lack of storage forces farmers to sell their harvest at low prices - but changing that can help them get ahead.
“Tomorrow brings many things,” an old Zambian proverb tells us. But because of climate change, many Zambian communities need help today to prepare for a tomorrow where shifting temperatures and more frequent extreme weather events are the new normal.
Oromia Forested Landscape Project (OFLP), a new climate resilient initiative, aimed at making substantial contribution for the reduction of carbon emission by 2030.
The richest 20 nations have pledged to phase out “inefficient” fossil fuel subsidies over the “medium term”.
As of 2016, 105,000 beneficiaries in 14 districts, where more than 90% of the population live off farming, are seeing benefits of resilience efforts supported by the PPCR.
Crowd funding investments in developing countries are predicted to exceed $96 billion a year within a decade - World Bank
Pointing to the urgency of expanding global action on climate change, a panel of leaders at the World bank/IMF 2017 Spring Meetings discussed the challenge of mobilizing financing for climate action, and the opportunities ahead.