The Carbon Expo, considered the leading global platform for dialogue between climate finance and carbon markets, industry, and technology, was a perfect opportunity for the CIF to reach out to new partners and start some new conversations.
Full transparency and openness in governance and financing operations are fundamental principles of the CIF rooted in founding policies and procedures. As a partnership of the multilateral development banks (MDBs), the CIF also relies on the well established rules of the MDBs on transparency and accountability to deter fraud and corruption.
Five years ago, the CIF was founded to be a proving ground for climate finance, to take some risks, try new ideas, and innovate. Much of what we do works, but when it doesn’t, we learn, adjust, and move forward. According to World Resources Institute, the CIF is making valuable progress, but there is room for improvement. We agree.
Current and former Indigenous Peoples observers of the CIF shared their views on the CIF’s commitment to stakeholder engagement at the 12th session of the UN Permanent Forum on Indigenous Issues.
Inter-American Development Bank recently approved the first-ever private sector FIP operation, which aims to bolster 60 community forest enterprises in Mexico. The private sector will also engage in Colombia’s CTF project for credit access to energy service companies.
PPCR pilot countries met in May to compare notes on their strategies for climate resilience: what works, what doesn’t, and what still needs to get done. The face time is important—we have much to learn from one another. See what PPCR pilots are saying about CIF learning. Read more and watch video
Nepal’s first ever Waste to Energy Bazaar, backed by the SREP, heralds a new era of entrepreneurship in Nepal and builds excitement about this emerging renewable energy sector.
LONDON (Thomson Reuters Foundation) - A solar power production scheme stretching across North Africa and into the Middle East is being expanded to generate 1.12 gigawatts of energy for the region, making it the most ambitious programme of its kind, the African Development Bank has said.
The World Bank’s Board of Executive Directors today approved a US$15 million grant to help the Government of Mozambique build a more climate-resilient economy and deliver reliable water and weather information to people throughout Mozambique. The grant financing package comes from the CIF.
The US $7.6 billion CIF gave the go-ahead on Friday, May 3, to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan to create an unprecedented 1,120 megawatts (MW) of energy from Concentrated Solar Power (CSP) for the region. The plan will receive US $660 million from the CTF and is expected to leverage nearly US $5 billion from other donors and private financing.