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Press Release | Jul 12 2017

Morocco received approval for a US $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution.

Photo: Solent News/Rex/Shutterstock
In the News | Jul 12 2017

Shipping companies are under pressure to phase out use of heavy fuels, as world’s first hybrid battery-powered cruise ship set for launch in 2018.

In the News | Jul 11 2017

India is emerging as a front runner in the global fight against climate change, the World Bank has said, noting that the solar power is gradually displacing coal as an energy source in the Asian country.

Afternoon aerial view of cargo shipping containers stacked on docks, in Los Angeles, US, 18/08/2016. Credit: trekkerimages / Alamy Stock Photo.
In the News | Jul 10 2017

Around 22% of global CO2 emissions stem from the production of goods that are, ultimately, consumed in a different country. However, traditional inventories do not include emissions associated with imported goods.

Press Release | Jun 27 2017

The Climate Investment Funds (CIF) awarded Liberia a grant in the amount of US$ 23.25 million to help transform the country’s renewable energy sector. The project aims at developing a 9.8 MW hydropower plant at Gbedin Falls on the Mano River in Nimba County and provide a low-cost, sustainable and reliable source of electricity to Liberia.

Feature Story | Jun 26 2017

Before Maria Rodrigues[1] installed a clean cookstove in her household in Tatumbla, Honduras in 2016, she was skeptical about the benefits it would offer. Having only used traditional cooking methods in the past, Maria imagined that a clean cookstove would require substantial financial resources as well as significant changes to her daily routine. To help Maria overcome this challenge, Fundación Vida, an environmental NGO based in Honduras, provided a subsidy to help reduce the cost of the cookstove by US$37.

Feature Story | Jun 21 2017

The June 2017 Trust Fund Committees of the Climate Investment Funds encouraged learning, knowledge sharing, and the facilitation of exchanges between stakeholders around their shared purpose of climate-smart development.

It was a week packed with rich conversations between country and financier representatives, and the multilateral development bank partners that implement CIF investments around the world.

Growing coffee provides income for about 15 percent of Ethiopia's population and is the country's top export. Climate change is likely to shrink the land suitable for coffee, thereby also hurting the livelihoods of many people. Courtesy of Emily Garthwaite
In the News | Jun 20 2017

Ethiopia gave the world Coffea arabica, the species that produces most of the coffee we drink these days. Today, the country is the largest African producer of Arabica coffee. The crop is the backbone of the country's economy – some 15 million Ethiopians depend on it for a living.

Press Release | Jun 09 2017

 IFC, a member of the World Bank Group, today announced a landmark financing package of $55 million to build Mozambique’s first utility scale solar PV plant, which will help increase electricity sector climate resilience and deliver power to rural areas. It includes $19 million from IFC’s own account, $19 million from Climate Investment Funds, and a syndicated loan of up to $17 million.  

 An employee performs quality control checks on a wind turbine blade at the Siemens AG plant in Hull, UK. Photograph: Bloomberg/Bloomberg via Getty Images
In the News | Jun 05 2017

The UK could be a green business powerhouse in the next three decades, but only if given proper support by government, a group representing more than 30 low-carbon companies has said.