During its meeting on May 1, the SREP Sub-Committee reviewed the status of program operations, confirmed the endorsement of the investment plan for Ethiopia, and endorsed the revised SREP Results Framework. The afternoon meeting of the SCF Trust Fund Committee subsequently approved the endorsed SREP Results Framework and discussed the progress of the three targeted programs under SCF.
The first day of the five day meeting of the Climate Investment Funds governing bodies kicked off today in Washington, D.C. with the PPCR Sub-Committee (SC). Highlights included endorsement of five Strategic Programs for Climate Resilience (SPCRs) for Dominica, Caribbean Regional Track, Kingdom of Tonga and Pacific Regional Track, and Yemen.
In March, the Government of Canada finalized the terms of its new contribution to the Clean Technology Fund (CTF). The CAD 200 million contribution from the Canadian International Development Agency (CIDA) increases the resources available to CTF to approximately USD 5 billion. Canada's participation in CTF comes at a particularly welcome time, as CTF seeks to meet significant unmet demand for funding.
The landscape of Dominica has changed. Its pristine biodiversity now faces a multitude of threats most of which stem from climate change. Watch this video to learn more about how this Caribbean island nation is fighting climate change with assistance from the CIF's Pilot Program for Climate Resilience (PPCR).
At the Sustainable Energy for All initiative's High Level Group meetings in London on April 24, 2012, Britain's Deputy Prime Minister, Nick Clegg, announced an additional funding of 25 million Pounds to support the Scaling-Up Renewable Energy Program (SREP), a successful initiative of the Climate Investment Funds that invests in developing countries on green projects.
Titled 'CIF From the ground up - Investing in our green future', the 2011 CIF Annual Report is available online. You can also choose to download and read individual sections from the report.
The Menengai project is in Kenya's Rift Valley, and is being developed by Kenya's Geothermal Development Corporation with support from SREP through the World Bank and African Development Bank. (Read full story and watch the videos here and here)
As part of the CIF's orientation programs for new observers, virtual handover workshops were conducted in early April for CTF, PPCR, SREP, and FIP respectively. The main objective of the workshop was to provide a venue for the outgoing observers and the incoming batch to share experiences and lessons and engage in dialogue about the roles and responsibilities of CIF observers.
Following the PPCR pilot countries meeting held in Livingstone, Zambia in March, participants were invited to share their thoughts about, and key takeaways from, the meeting. The first contribution comes from David Kaluba, Chief Economist for Zambia's Ministry of Finance and National Development.
The 2012 Climate Investment Funds Partnership Forum will be held in Istanbul, Turkey between November 6 and 7, 2012 with associated events planned from November 1 to 5, 2012.