- published: 22 Jun 2011
- views: 1122
The Climate Investment Funds (CIFs) were designed by developed and developing countries and are implemented with the multilateral development banks (MDBs) to bridge the financing and learning gap between now and the next international climate change agreement. CIFs are two distinct funds: the Clean Technology Fund and the Strategic Climate Fund.
The CIFs are additional to existing Official Development Assistance (ODA) and aim to enable countries to continue on their development path and achieve the Millennium Development Goals. These funds will be operated in close coordination with existing bilateral and multilateral efforts.
The funds were approved by the World Bank Board of Directors in July 2008 and on September 26, 2008 received pledges of US$6.5 billion.
The Clean Technology Fund (CTF) promotes scaled-up financing for demonstration, deployment and transfer of low carbon technologies with a significant potential for long-term greenhouse gas emissions savings. Innovation and deployment of clean technologies at scale will be central to success.
Piloting low-emissions growth and climate-resilient development. For more information please visit: http://www.climateinvestmentfunds.org
“Public finance is not the solution; it is the catalyst for private sector finance.” Mafalda Duarte, manager of the Climate Investment Funds (CIF), talks risks, expectations, and leveraging private sector finance to create meaningful and sustainable impact in climate investment.
Climate change affects us all. The world’s poor are the most vulnerable. The need for climate action is urgent. Find out how the Climate Investment Funds are making sound investments, producing active results, and empowering transformation for our future. French: https://www.youtube.com/watch?v=EffW_...
Fisseha Tessema Abissa of the Climate Investment Funds discusses how his organisation is improving its transparency. This short interview was filmed at a Transparency International side event at the Bonn climate talks in June 2015.
The CIF's clean investments and resilience initiatives in countries around the globe range from large scale solar investments in Chile, South Africa and Thailand to sustainable agriculture support in Nepal and innovative geothermal investments in Indonesia.
In Mexico, about 11 million people depend on forest resources. The CIF’s Forest Investment Program is empowering Mexico’s forest communities to mitigate and adapt to climate change. FIP resources are enabling innovation and transformational change throughout Mexico, as well as social and economic development in the country’s forest communities.
The European Bank for Reconstruction and Development (EBRD) and the Climate Investment Funds, through its Clean Technology Fund (CTF), are investing $125 million in Turkey's geothermal potential under the PLUTO Initiative (Private Sector Early Stage Development Framework), as part of a global push to scale up renewable energy production.
The Noor Concentrated Solar Power (CSP) complex is Morocco’s first utility-scale solar energy complex and serves as a critical step of the Moroccan Solar Energy Program. The three-plant Noor-Ouarzazate CSP complex seeks to contribute to the commercial viability of CSP and its potential throughout Middle East and North Africa (MENA). Operating with an installed capacity of 160 megawatts (MW), the first phase expects 240,000 tons of CO₂ emissions to be avoided per annum. By 2018, the three-phase project will be the largest of its kind in the world with over 500 MW of installed capacity, and will produce enough clean power to meet the needs of 1.1 million Moroccans.
ENERGIA conference 12-13 December, 2011, Amsterdam, The Netherlands Module 4: Financing and Women's Entrepreneurship Mainstreaming Gender in the Climate Investment Fund - The Case of Kenya: Lydia Muchiri, Practical Action Eastern Africa www.energia.org Animation & Video: www.ronaldblijd.com
Piloting low-emissions growth and climate-resilient development. For more information please visit: http://www.climateinvestmentfunds.org
“Public finance is not the solution; it is the catalyst for private sector finance.” Mafalda Duarte, manager of the Climate Investment Funds (CIF), talks risks, expectations, and leveraging private sector finance to create meaningful and sustainable impact in climate investment.
Climate change affects us all. The world’s poor are the most vulnerable. The need for climate action is urgent. Find out how the Climate Investment Funds are making sound investments, producing active results, and empowering transformation for our future. French: https://www.youtube.com/watch?v=EffW_...
Fisseha Tessema Abissa of the Climate Investment Funds discusses how his organisation is improving its transparency. This short interview was filmed at a Transparency International side event at the Bonn climate talks in June 2015.
The CIF's clean investments and resilience initiatives in countries around the globe range from large scale solar investments in Chile, South Africa and Thailand to sustainable agriculture support in Nepal and innovative geothermal investments in Indonesia.
In Mexico, about 11 million people depend on forest resources. The CIF’s Forest Investment Program is empowering Mexico’s forest communities to mitigate and adapt to climate change. FIP resources are enabling innovation and transformational change throughout Mexico, as well as social and economic development in the country’s forest communities.
The European Bank for Reconstruction and Development (EBRD) and the Climate Investment Funds, through its Clean Technology Fund (CTF), are investing $125 million in Turkey's geothermal potential under the PLUTO Initiative (Private Sector Early Stage Development Framework), as part of a global push to scale up renewable energy production.
The Noor Concentrated Solar Power (CSP) complex is Morocco’s first utility-scale solar energy complex and serves as a critical step of the Moroccan Solar Energy Program. The three-plant Noor-Ouarzazate CSP complex seeks to contribute to the commercial viability of CSP and its potential throughout Middle East and North Africa (MENA). Operating with an installed capacity of 160 megawatts (MW), the first phase expects 240,000 tons of CO₂ emissions to be avoided per annum. By 2018, the three-phase project will be the largest of its kind in the world with over 500 MW of installed capacity, and will produce enough clean power to meet the needs of 1.1 million Moroccans.
ENERGIA conference 12-13 December, 2011, Amsterdam, The Netherlands Module 4: Financing and Women's Entrepreneurship Mainstreaming Gender in the Climate Investment Fund - The Case of Kenya: Lydia Muchiri, Practical Action Eastern Africa www.energia.org Animation & Video: www.ronaldblijd.com
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