Financing Change: The AfDB and CIF for a Climate-Smart Africa
Press Release | Feb 20 2013

The African Development Bank’s Financing Change: The AfDB and CIF for a Climate-Smart Africa is the Bank’s second semi-annual report on its work to implement the CIF in Africa, covering July-December 2012.

CIF 2012 Annual Report: Creating the Climate for Change
Reclassify | Feb 14 2013

In its fourth year, the CIF has seen a shift in its activity. The tremendous amount of time and effort to craft strategic, multi-dimensional investment plans is paying off as countries start active implementation of their CIF-backed programs. The 2012 CIF Annual Report sheds light on how the CIF is creating the climate for change in 49 nations.

New financing to create opportunities for climate action in developing countries
Press Release | Feb 13 2013

The CIF has received an additional US$246 million from contributor countries Denmark, Norway, Sweden, Switzerland and the United Kingdom. The financing will create opportunities for developing countries to strengthen their planning and investment strategies for climate resilience, access renewable energy and pursue low carbon, sustainable development.

AfDB Poised to Boost Geothermal Development in East Africa
Press Release | Feb 07 2013

Building on its Kenyan experience in the East African Rift Valley with the Menengai geothermal project (financed in part by the SREP), the African Development Bank is working on an ambitious geothermal development program for Africa.

Recycling in Aktau: Turning Waste into Money
Press Release | Feb 05 2013

US$ 8 million from the Clean Technology Fund managed by the EBRD will help finance a new waste-to-energy plant in Aktau, the first of its kind in Kazakhstan. Landfill waste will be reduced by about a half. And less waste means less pollution – an obvious benefit to both the environment and Aktau’s citizens.

A Deep Well of Experience: Supporting Indonesia’s Geothermal Development
Reclassify | Jan 30 2013

Indonesia’s Pertamina Geothermal Energy is mandated to develop 1,000 MW of geothermal capacity, which would be the largest expansion in the world by a single company. World Bank is helping PGE kick-start its ambitious program through a $175 million IBRD loan, along with concessional financing of $125 million from the CTF.

Make Climate Change a Priority
In the News | Jan 25 2013

In the Washington Post Opinions, World Bank President Jim Yong Kim highlights the CIF as an important contributor to managing forests, spreading solar energy, and promoting green expansion for cities, all with a goal of stopping global warming.

Building Climate Resilience: A Case for Caribbean Collaboration
Reclassify | Jan 25 2013

Eastern Caribbean nations of Dominica, Grenada, St. Lucia, and St. Vincent and the Grenadines are working together to build regional climate resilience through enhanced risk assessments, climate-smart infrastructure, and data sharing and management.

AfDB Represents MDBs at Civil Society Discussion
Reclassify | Jan 17 2013

During the 2012 CIF Partnership Forum in Istanbul, Turkey on November 6 and 7, Mafalda Duarte, CIF Coordinator for the AfDB, represented the AfDB and other multilateral development banks on a panel discussing civil society participation in the CIF.

AfDB Hosts CIF Partnership Forum Meeting on Private Sector Engagement
Reclassify | Jan 17 2013

At a CIF Partnership Forum event hosted by the African Development Bank on November 7, 2012 in Istanbul, a panel of speakers considered key points underpinning private sector investment in CIF operations and lessons from specific countries which have been successful at attracting private sector investment.