Innovate4Climate (I4C), a global event bringing together the public and private sectors to discuss innovative climate solutions across finance, markets, policy, and technology, is taking place on May 23-25, 2023, in Bilbao, Spain. The Climate Investment Funds (CIF) will join partners and counterparts to share cutting-edge approaches to accelerate climate finance. CIF experts will participate in a series of events and the Marketplace to unpack learnings gained from 15 years of climate finance and map out the way forward, with a focus on CIF’s just transition, coal transition, and enabling environment initiatives.
Neha Sharma, CIF’s Senior Evaluation and Learning Specialist, will travel to Bilbao. “I am excited to share our new just transition toolbox during the How to Plan a Just Transition event, held in partnership with the Carbon Trust on May 24, and at the CIF booth during the I4C marketplace. This toolbox was designed to help our partners, including governments and multilateral development banks, plan for just climate transitions across multiple sectors,” she said. “It gives access to over 200 resources, and we want to take advantage of I4c to introduce the platform and seek feedback.”
CIF’s Accelerating Coal Transition (ACT) work will also be featured, with the presentation of the Repurposing for Advancing Coal Transition (ReACT) Tool, which offers users a preliminary, step-by-step assessment to identify the most suitable coal power plants for early retirement. The tool can also evaluate potential options to repurpose plants using a range of climate-smart alternatives (both energy and non-energy).
To double down on coal transition priorities, CIF is steering on May 24, a session on Financing the Coal Transition, with Abhishek Bhaskar, ACT Investment Program Lead. This session will present an overview of different business models, supporting policies, and financing options to phase down unabated coal in emerging economies. CIF’s $2.5bn Accelerating Coal Transition (ACT) Investment Program is the world's first multilateral initiative to facilitate a just and inclusive coal transition in key developing countries such as South Africa, Indonesia, and India.
CIF’s interventions through its Technical Assistance Facility (TAF) will be shared by Paul P. Mathew, CIF’s TAF coordinator, who will join our partners at the African Development Bank for an event on The African Green Bank Initiative on May 23. The CIF TAF has supported activities that accelerate clean energy investments and ensure a green recovery from the Covid-19 pandemic.
On the last day of I4C, Neha Sharma will present CIF’s gender strategy at the Engendering Climate: Accelerating Gender Innovation through Climate Finance session.
I4C organizers will make some sessions available virtually. Register here to attend and hear from CIF and other experts.