Investment in projects that help countries adapt to climate change attracted around USD 20-24 billion in 2012, according to CPI’s recently published Global Landscape of Climate Finance 2013. However, due to data gaps and limited understanding of private sector adaptation efforts, the Landscape 2013 only tracks public adaptation finance.
Over 30 proposals were received for the CIF’s competitive private sector set-asides. Winners will be announced in November 2013.
On a recent mission to Niger to field test the Climate Investment Funds' (CIF) new monitoring and reporting systems—a very fruitful learning experience for all—we had a chance to get out of the board room and see firsthand how the CIF is being put to work on the ground. Niger’s Community Action Project for Climate Resilience, part of its $110 million investment plan under the Pilot Program for Climate Resilience (PPCR), is up and running, and we toured some of the first community-led micro-projects to be implemented under the initiative.
Delegates at the SREP Pilot Countries Meeting in Maldives May 2013 discussing issues linked to enabling environments for renewable energy investments