Apr 25, 2023
A new independent evaluation confirms what many have long suspected: climate finance can lead to positive, wide-ranging social, economic, and environmental development impacts.
The study, Evaluation of the Development Impacts from CIF’s Investments, was commissioned by the Climate Investment Funds (CIF) to better understand the links between climate finance and development, particularly how investments can lead to meaningful and positive improvements to employment, livelihoods, or health outcomes, to mention a few.
The evaluation finds that, at both project and portfolio levels, CIF climate investments have significantly supported development impacts. The study is rich in examples drawn from 249 CIF projects with more than 60 development impacts including 11 subcategories ranging from livelihoods and wealth to inclusiveness and energy justice.
To delve deeper into the lessons, recommendations, and insights the report puts forward, CIF will host a webinar, called Linking Climate Finance and Development Impacts, on May 3, 2023.
Participants will have the opportunity to engage in the study’s key findings and the lessons on how to design and plan climate programs for development impacts. The meeting will also work through the evidence derived from qualitative and quantitative data, predictive modeling tools, and lived experiences gathered from 13 original country case studies.
