Since 2009, the CIF has allocated $2.3 billion to private sector projects. This is more financing than any other climate fund for private sector investments in clean technology, climate resilience, sustainable forestry, and energy access programs in CIF countries.
Fast-growing developing countries need trillions of dollars of additional investment to achieve low carbon, climate resilient economies. Funds like CIF can help the private sector enter emerging markets, which they may be unwilling or unable to invest in.
The CIF’s combination of technical advisory and investment funds (including equity, loans, guarantees, and local currency hedging) helps reduce investment barriers, test new business models, and de-risk new low carbon, climate-smart markets, enabling the private sector to participate faster and at a greater scale. CIF investments worldwide are expected to leverage over $18 billion in private sector co-financing.
"My income from the land before the project was about $5,000 per rai, each year. Now it's $8-10,000 per rai."