The US$7.6 billion Climate Investment Funds (CIF) wrapped up a week of meetings on Friday, May 3 with endorsement of Haiti’s $25 million program for climate resilience under the Pilot Program for Climate Resilience (PPCR), approval of five revised investment plans for the Clean Technology Fund (CTF), and agreements on operational improvements to speed project implementation and enhance private sector engagement.
Haiti President Joseph Michel Martelly in a video address to the Climate Investment Funds, which endorsed US$25mn for his country on May 1, emphasized that climate resilience is "about managing our natural environment in a responsible manner."
The first issue of the Climate Investment Funds' newsletter, CIF News, was launched coinciding the 2013 Trust Fund Committees and Sub-Committees meeting. The newsletter presents a snapshot of the latest CIF-related headlines, feature stories, investment updates, and a listing of upcoming meetings.
Advancing implementation with a focus on results is the overriding theme of the CIF’s upcoming Trust Fund Committees and Sub-Committees taking place from April 29 to May 3 in Washington, D.C. "With the majority of investment plans approved, our focus has shifted squarely from developing plans to implementing them.” stated Patricia Bliss-Guest, Manager of the CIF Administrative Unit.
Now, through the PPCR of the CIF, Haiti will start accessing climate finance as well as humanitarian relief and development finance. Haiti needs all international partners to be singing from the same song sheet and, with the focus on government ownership, perhaps things can happen more quickly and smoothly.
The CIF has launched a call for innovative proposals that engage the private sector in REDD+, climate resilience, and renewable energy in FIP, PPCR, and SREP pilot countries. Over $200 million in concessional funding has been set aside to advance investment plans under the three programs.
Decision-makers face difficult decisions in determining what, when, and how to adapt infrastructure given the uncertainty of climate outcomes. Resources provided through the PPCR can help make the call. Read more by the ADB for the CIF 2012 Annual Report.
The more the climate is projected to change, the clearer it becomes that resilience is a multi-sector, multi-dimensional concern. Instead of piecemeal responses, governments must develop and implement comprehensive and inclusive approaches to transformational adaptation. The CIF and in particular the PPCR are playing a crucial role here. By the World Bank for the 2012 CIF Annual Report
Over 200 public and private sector representative from around the world gathered in Istanbul, Turkey in November 2012 for the CIF Private Sector Forum to exchange lessons, engage with entrepreneurs, and explore ways to unlock private capital for climate-friendly initiatives. The Results Book highlights key discussions and findings.
On March 19, the African Development Bank and World Bank convened a workshop with representatives of Algeria, Egypt, Jordan, Libya, Morocco, and Tunisia in Rabat, Morocco to review and upgrade the region’s path-breaking regional investment plan for concentrated solar power (CSP), with funding from the CIF.