To prepare document to analyze CIF Administrative Costs
The $8 billion Climate Investment Funds (CIF) accelerates climate action by empowering transformations in clean technology, energy access, climate resilience, and sustainable forests in developing and middle income countries. The CIF’s large-scale, low-cost, long-term financing lowers the risk and cost of climate financing. It tests new business models, builds track records in unproven markets, and boosts investor confidence to unlock additional sources of finance.
Residents in Bogotá are getting around on clean city buses, the first such fleet in South America. The hybrid vehicles are reducing pollution, saving greenhouse gas emissions, and improving access to public transport.
There was a time in Ollagüe when households only had electricity a few hours a day. Now with 24/7 access to power, families can store food safely, schoolchildren can finish homework after dark, and entrepreneurship is on the rise.
Chile's Cerro Pabellón is the highest geothermal station on Earth. The facility powers some 165,000 homes and saves more than 166,000 tons in CO2 emissions.
Gathering places in the city of Melipilla are shining bright — and more efficiently — with LED street lighting. Better-lit environments are safer, and more efficient lamps free up city funds for vital public services.