A global leader in climate finance, the Climate Investment Funds (CIF) is the largest multilateral climate fund focused on transformational climate innovation in 72 middle- and low-income countries. Established at the request of G8 and G20 countries in 2008, CIF works exclusively through six multilateral development banks (MDBs) to mobilize investments to pilot and scale cutting-edge climate solutions to address frontier climate challenges the MDBs can’t fight on their own.

To date, donors have pledged over $11 billion to CIF, enabling it to support almost 400 projects in 72 low- and middle-income countries. Independent evaluations have shown that CIF accelerates climate action by empowering transformations through programs in the areas of clean technology, energy access, climate resilience, and sustainable forests in middle- and low-income countries.

CIF’s large-scale and long-term financing lowers the risks and costs of climate financing. It enables the testing of new business models, builds track records in unproven markets, and boosts investor confidence to unlock additional sources of finance. Building on its success, CIF has launched new programs that focus on accelerating coal transitions, renewable energy integration, industry decarbonization, and the development of climate-smart cities.