Recipient countries’ position on the future of the Climate Investment Funds
We, the signatories of this joint statement, submit the following position in support of the Climate Investment Funds (CIF) and strongly urge that it be adequately resourced to assist our governments in delivering on our sustainable development ambitions and nationally determined contributions.
The latest IPCC report has provided the most recent, and sobering, analysis demonstrating that the climate consequences of a 2°C world are far greater than that of 1.5°C, and that we are not on track for either. Even with the full implementation of the current pledges made under the Paris Agreement, the world is still on course to reach a temperature rise of 3°C by the end of the century. This climate trajectory disproportionally affects our nations and threatens to make 140 million people internal migrants by 2050 and push more than 100 million people back into poverty by 2030.
Averting these crises requires ensuring that billions of dollars are invested in a resilient and low-carbon future, but current sources of financing fall far short of what is needed.
Positive change is happening however, and thanks to concerted efforts from governments, the private sector, non-governmental organizations, Multilateral Development Banks and multilateral climate funds over the past ten years, climate finance has helped stimulate transformational climate action in our countries. Targeted climate finance has decreased the cost of capital and risks of investment across key sectors, and driven significant investment flows into our clean energy, climate resilience and sustainable forest management sectors.
Critical resources from the Climate Investment Funds, delivered through its unique business model have been instrumental to this effort to drive scaled investment into climate solutions and catalyze transformational change across institutions, markets, sectors and communities.
As of January 2019, three hundred projects in 72 CIF recipient countries are leading to the generation of 26.5 GW of clean energy, 8.5 million people gaining improved access to energy, over 10,000 GWh being saved every year, 36 million ha of forests coming under improved management, and 45 million people will be better equipped to cope with the effects of climate change thanks to the CIF and its partners.
It is our view that we must build on these significant results and maintain CIF’s proven business model as a key component of the climate finance architecture moving forward. We also assert that the architecture must be optimized to harness the comparative advantage of each of the multilateral climate funds, including the Green Climate Fund, to maximize the complementarity and impact of climate finance in our countries.
Echoing similar calls made by the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development in April 2016, April 2017 and October 2017, we strongly urge that the CIF be adequately resourced in light of the vital role it has played, and continues to play, in helping secure the safety and sustained prosperity of our peoples in a climate changing world.
Signatories: 48 (as of June 28, 2019)
- Armenia: Garegin Baghramyan, First Deputy Minister of Energy Infrastructures and Natural Resources
- Bangladesh: Shahab Uddin, Minister of Environment, Forest and Climate Change
- Benin: Jean-Claude Houssou, Minister of Energy
- Bhutan: Thinley Namgyel, Secretary, Gross National Happiness Commission
- Bolivia: Carlos René Ortuño Yáñez, Minister of Environment and Water
- Brazil: Yana Dumaresq Sobral Alves, Assistant Deputy Minister of Economy
- Burkina Faso: Batio Bassiere, Minister of Environment, Green Economy and Climate Change
- Cambodia: Aun Pornmoniroth, Deputy Prime Minister, Minister of Economy and Finance
- Cameroon: Helle Pierre, Minister of Environment, Protection of Nature and Sustainable Development
- Colombia: Gloria Alonso Másmela, Minister of Planning
- Cote d’Ivoire: Joseph Séka Seka, Minister of Environment and Sustainable Development
- Democratic Republic of Congo: Henri Yav Mulang, Minister of Finance
- Egypt: Sahar Nasr, Minister of Investment and International Cooperation
- Ghana: John-Peter Amewu, Minister of Energy
- Guyana: Raphael Gregory Conwright Trotman, Minister of Natural Resources
- Honduras: José Antonio Galdames, Secretary of State, Ministry of Energy, Natural Resources, Environment and Mining
- India: Government of India
- Jamaica: Daryl Vaz, Minister without Portfolio, Ministry of Economic Growth and Job Creation
- Kenya: Henry K. Rotich, Cabinet Secretary, National Treasury and Planning
- Kiribati: Teuea Toatu, Minister for Finance and Economic Development
- Kyrgyz Republic: Kubatbek Boronov, First Vice Prime Minister
- Lao People's Democratic Republic: Phouangparisak Pravongviengkham, Deputy Minister of Agriculture and Forestry
- Liberia: Gesler E. Murray, Minister of Mines and Energy
- Madagascar: Alexandre Georget, Minister of Environment and Sustainable Development
- Malawi: Goodall E. Gondwe, Minister of Finance, Economic Planning and Development
- Mali: Sambou Wague, Minister of Energy and Water
- Mexico: Carlos Urzúa, Secretary of Finance and Public Credit
- Mongolia: Tserenpil Davaasuren, Minister of Energy
- Mozambique: Celso Ismael Correia, Minister of Land, Environment and Rural Development
- Nepal: Shakti Bahadur Basnet, Minister of Forests and Environment
- Niger: Kane Aichatou Boulama, Minister of Planning
- Nigeria: Suleiman Hassan Zarma, Minister of Environment
- Papua New Guinea: John Pundari, Minister for Environment, Conservation and Climate Change
- Philippines: Roy Cimatu, Secretary, Department of Environment and Natural Resources
- Samoa: Sili Epa Tuioti, Minister of Finance
- Sierra Leone: Alhaji Kanja Sesay, Minister of Energy
- Solomon Islands: Bradley Tovosia, Minister for Mines, Energy & Rural Electrification
- South Africa: Nomvula Mokonyane, Minister of Environmental Affairs
- Saint Lucia: Caroline Eugene, Permanent Secretary, Ministry of Sustainable Development, Energy, Science and Technology
- Tajikistan: Gulmahmadzoda Davlatsho, Chairman, Committee of Environmental Protection
- Tonga: Poasi Mataele Tei, Minister for Meteorology, Energy, Information, Disaster Management, Enviornment, Climate Change and Communications
- Tunisia: Mokhtar Hammami, Minister of Local Affairs and the Environment
- Turkey: Bulent Aksu, Deputy Minister of Treasury and Finance
- Uganda: Sam Cheptoris, Minister for Water and Environment
- Ukraine: Ostap Semerak, Minister of Ecology and Natural Resources
- Vanuatu: Ham Lin̄i Vanuaroroa, Deputy Prime Minister
- Vietnam: Trần Hồng Hà, Minister of Natural Resources and Environment
- Zambia: Alexander Chiteme, Minister for National Development Planning