This week the Climate Investments Funds is celebrating the endorsement of three country investment plans under the CIF’s Scaling Up Renewable Energy in Low-Income Countries Program (SREP) and Forest Investment Program (FIP).
Cote d’Ivoire’s forests offer huge potential and rich biodiversity but the country has one of the highest rates of deforestation in Sub-Saharan Africa. FIP funding of $24 million (USD) will focus on restoring the country’s forest cover by working with small-scale farmers to introduce agroforestry techniques and improve agricultural productivity. It will also contribute to the protection of the vast forest area of Tai National Park - a world heritage site and one of the last major remnants of pristine forest in West Africa - conserving its biodiversity and carbon stocks.
In Mozambique FIP funding of $24 million (USD) will focus on reducing emissions from deforestation and forest degradation while promoting rural development by supporting legal and institutional reform, addressing major drivers of deforestation as well as supporting communities to engage with the private sector.
In Cambodia SREP funding of $30 million (USD) – leveraging another $135 million USD from other sources - will focus on a solar energy development program, covering approximately 70% of total investment, which includes solar home systems, minigrids, rooftop solar systems and utility-scale solar farms. The funding will also go towards a biomass power project as well as policy support and public awareness.
Download the complete press releases here:
- Cote d’Ivoire’s forest plan endorsed by Climate Investment Funds:
English version | French version
- Mozambique’s forest plan endorsed by Climate Investment Funds:
English version | Portuguese version
- Cambodia’s renewable energy plan endorsed by Climate Investment Funds: