Oct 01, 2021
Mafalda Duarte, CEO of the Climate Investment Funds (CIF), issued the following statement welcoming the Netherlands’ $100 million contribution to CIF’s Renewable Energy Integration program:
“The Netherlands is joining forces with the Climate Investment Funds to ensure power systems in low-income countries are ready for a clean energy future that benefits all. The Dutch are showing real leadership in climate finance, and I warmly welcome their significant investment in CIF efforts to accelerate clean energy uptake.
Bolstering renewables capacity in power systems is essential to solving the climate crisis. If we want 21st century energy, we need 21st century energy infrastructure. Power grids—most of all in developing countries—must be better equipped to integrate high shares of variable renewable energy, accelerate the electrification of energy demand, and tap the potential of decentralized renewable energy to deliver universal access to electricity. We cannot achieve our climate goals unless these barriers are overcome.
CIF’s tried-and-tested concessional finance aims to demonstrate renewable energy integration in power systems at scale. This means working hand in hand with partners and stakeholders to drive transformational investment, supported by sound policy and robust institutions. Crucially, it also entails lowering obstacles to private investment in the technologies we need to deliver on global climate goals."
