Today, the Climate Investment Funds’ (CIF) CEO Mafalda Duarte, and the United Nations Framework Convention on Climate Change’s (UNFCCC) Executive Secretary Simon Stiell, signed a Memorandum of Understanding (MoU) in order to establish a framework for future cooperation between UNFCCC, the Secretariat (i.e., the Kyoto Protocol and the Paris Agre...

WASHINGTON—The governing board of the Climate Investment Funds (CIF) endorsed a wide-ranging investment plan to fast-track the transformation of Colombia’s energy system and help enable its grid system to absorb and channel more clean power.A first-of-its-kind investment in South America, the decision provides Colombia with access to $70 millio...

The independent evaluation of the Scaling up Renewable Energy Program in Low Income Countries (SREP), released earlier this year, provides a rigorous, external assessment of the ambitious energy access program of the Climate Investment Funds (CIF). The findings and recommendations from this report, called "Evaluation of the Scaling up Renewable Ene...

Climate change and disasters are inextricably linked. Climate-related disasters have almost doubled in the last twenty years. Additionally, by affecting the exposure of people, nature, and assets to hazards, increasing vulnerability, and undermining livelihoods, climate change aggravates the full array of disaster risks. COVID-19 brought into sharp...

SHARM EL-SHEIKH, November 11 2022—Today, the Climate Investment Funds (CIF) launched CIF Industry Decarbonization, the world’s first multilateral investment program to help developing countries decarbonize hard-to-abate industries such as iron and steel, cement, chemicals and petrochemicals, aluminum, and pulp and paper. The initiative aims to ...

SHARM EL-SHEIKH, November 9, 2022—The Climate Investment Funds (CIF), one of the world’s largest multilateral funds for climate action in developing countries, will finance nature-based solutions to the climate crisis in Egypt, the Dominican Republic, Fiji, Kenya, and Africa’s Zambezi River Basin Region, cutting across Zambia, Malawi, Mozambi...

WASHINGTON—The governing board of the Climate Investment Funds, one of the world’s largest multilateral funds for climate action in developing countries, endorsed new investment plans set to allocate $1 billion for a just transition from coal to clean power in South Africa and Indonesia. The decision intends to equip each country with access to...

A strong and predictable enabling environment is critical to help countries plan, implement, and accelerate investments in a low carbon and resilient economy. With technical assistance funding, the Climate Investment Funds (CIF) has successfully supported governments to address regulatory gaps, design and execute measures to kickstart markets for g...

A strong and predictable enabling environment is critical to help countries plan, implement, and accelerate investments in a low carbon and resilient economy. With technical assistance funding, Climate Investment Funds (CIF) has successfully supported governments to address regulatory gaps, design and execute measures to kickstart markets for green...

A $950 million U.S. Government loan to the Clean Technology Fund marks a major step forward in accelerating the transition to sustainable energy in developing economies. This week, the United States government announced that it would be increasing its commitment to meeting the challenges of climate change through a $950 million loan to the Climate ...

55 developing countries spanning six continents and representing over two billion people have formally applied for funding from the Climate Investment Funds (CIF) new Nature, People, and Climate (NPC) investment program.Productive and sustainable use of the Earth’s natural resources is essential to the health, food security, nutrition, and econom...

Pairing concessional finance investments with technical assistance has supported significant progress toward renewable energy and energy access in low-income countries. This emerged from an independent evaluation* of the Scaling up Renewable Energy Program in Low-income Countries (SREP), an ambitious initiative the Climate Investment Funds launched...

The Scaling up Renewable Energy Program in Low-income Countries (SREP) is found to be highly relevant to national-level country needs, priorities, and opportunities. This is one of the salient findings from a new independent evaluation of an innovative and ambitious program launched by the Climate Investment Funds just over a decade ago.The report,...