Before Maria Rodrigues installed a clean cookstove in her household in Tatumbla, Honduras in 2016, she was skeptical about the benefits it would offer. Having only used traditional cooking methods in the past, Maria imagined that a clean cookstove would require substantial financial resources as well as significant changes to her daily routine. To help Maria overcome this challenge, Fundación Vida, an environmental NGO based in Honduras, provided a subsidy to help reduce the cost of the cookstove by US$37.
The June 2017 Trust Fund Committees of the Climate Investment Funds encouraged learning, knowledge sharing, and the facilitation of exchanges between stakeholders around their shared purpose of climate-smart development.
It was a week packed with rich conversations between country and financier representatives, and the multilateral development bank partners that implement CIF investments around the world.
Ethiopia gave the world Coffea arabica, the species that produces most of the coffee we drink these days. Today, the country is the largest African producer of Arabica coffee. The crop is the backbone of the country's economy – some 15 million Ethiopians depend on it for a living.
IFC, a member of the World Bank Group, today announced a landmark financing package of $55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes $19 million from IFC’s own account, $19 million from Climate Investment Funds, and a syndicated loan of up to $17 million.
The UK could be a green business powerhouse in the next three decades, but only if given proper support by government, a group representing more than 30 low-carbon companies has said.
Dominica is steadily progressing towards integrating and mainstreaming climate resilience into national planning and development.
Christiana Figueres: The Air Is Making Us Sick, But We Could Fix It
“I am encouraged by the leadership that countries like Vanuatu are demonstrating and very proud that the CIF is a key partner in supporting them to achieve the vision and goals that they have set for themselves,” said Mafalda Duarte, Head of the $8.3 billion Climate Investment Funds.
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.