The African Development Bank’s 'CIF in Action' is a semi-annual report on the AfDB's activities in implementing the CIF in Africa. This first edition (January to June 2012) features updates on investment plans and projects in 15 African countries amounting to AfDB Board-approved financing of US $225 million from CIF resources and US $752 million in AfDB co-financing to support transformations in clean technology, sustainable management of forests, increased energy access through renewable energy, and climate-resilient development.
Morocco is home to Ouarzazate I, the first project to be approved under the Middle East and North Africa region’s CTF program to develop 1 GW of concentrated solar power (CSP) generation capacity. Between 120-160 MW will come on line in 2014, but the initiative is already generating lessons being shared across the region and beyond.
The European Bank for Reconstruction and Development’s Turkey Sustainable Energy Financing Facility (TurSEFF), worth US$280 million, on-lends to businesses and households via five local commercial partner banks. Supported by US$50 million from the Clean Technology Fund (CTF), TurSEFF aids participating banks in developing energy efficiency financing instruments to help sub-borrowers design and implement projects, as well as to increase the awareness of the benefits of sustainable energy investments.
German Development Minister Dirk Niebel and World Bank president Dr. Jim Yong Kim signed a Memorandum of Understanding on October 12, 2012 to provide support to developing countries for climate investment readiness by allocating €9.4 million through the Strategic Climate Fund.
The Clean Technology Fund (CTF) has approved US$105 million to support the government of the Philippines' effort to put more energy efficient electric tricycle taxis—eTrikes—on the roads of Manila to meet growing transportation demands in a cost-conscious and environmentally responsible way.
The European Bank for Reconstruction and Development is arranging a financing package of €5.7 million for the development of a 4.5MW solar plant owned by a local company Green Agro Service LLC, which will be located in the Vinnitsya region of south Ukraine.
We are pleased to launch Climate Finance in Focus, a photo contest for all CIF partners and stakeholders - including beneficiaries. Our aim is to tell the many meaningful stories - through your photographs - about how CIF- supported investments in clean technology, renewable energy and energy efficiency, climate resilience and forest management are making a difference (or how they will make a difference) for communities on the ground. Top prize for each category will be an iPad with solar charger! Winning entries will be announced and displayed at the Partnership Forum in Istanbul. Submit your photos by October 15, 2012.
Bolivia and Zambia recently came together virtually to share their experiences in designing and implementing early warning systems and the challenges of expanding reach.
With support from the Clean Technology Fund and International Finance Corporation, Turkey’s leading leasing company, Yapi Kredi Leasing (YKL), has been expanding its long-term lending for energy efficiency projects.
In this issue of PPCR Online Communities Activities newsletter, we feature the Geonode use in Saint Lucia, Bolivia-Zambia knowledge exchange on Early Warning System (EWS), and many more.