Evaluation of the Development Impacts from CIF’s Investments: Summary Brief

Climate action and development are inextricably linked. Although development impacts (DIs) can be a core benefit of climate finance, these impacts are often not planned for or understood, and hence not tracked in implementation. Through the intentional planning and tracking of DIs, there may be opportunities to achieve greater impacts. To develop a better understanding of the links between climate finance and development, CIF commissioned a mixed-methods evaluation of four programs: the Clean Technology Fund (CTF), the Scaling Up for Renewable Energy Program (SREP), the Pilot Program for Climate Resilience (PPCR), and the Forest Investment Program (FIP). This independent evaluation expands the evidence base on the Dis that are linked to climate finance, strengthen the case for more ambitious climate action, and enable key decision-makers to make more informed and impactful decisions that can lead to broader and more inclusive development.